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Sold for $1,600,000
  • Listing Provided by: Cornerstone Realty Group
    Bought with: Gainspot Inc.
    Tax assessed value
    $1,600,000

    2400 S Ridgewood Dr, West Covina, CA 91792

    9beds
    7baths
    4,050sqft
    Quadruplex
    Built in 1978
    -- sqft lot
    $1,593,700 Zestimate®
    $395/sqft
    $2,664 Estimated rent

    Home value

    $1,593,700

    $1.48M - $1.71M

    $2,664/mo

    Zestimate® history
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    What's special

    We are thrilled to present 2400 S Ridgewood Dr, a well maintained four-unit property in desirable West Covina. This outstanding asset is located in a sought-after community with access to a shared pool. The property comprises: Unit 1: A spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, a kitchen with granite countertops, ample cabinetry, and stainless steel appliances including a stove, range hood, dishwasher, and fridge. This unit also offers a private patio, a powder room downstairs, an upstairs bathroom with dual sinks, and a two-car garage. Unit 2: This 2-bedroom, 1.5-bathroom unit includes a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a guest powder room downstairs, a full bath upstairs, a private patio, a one-car garage, and a covered carport. Unit 3: Similar in interior layout to Unit 2, this 2-bedroom, 1.5-bathroom unit includes a one-car garage and an additional uncovered parking space. Unit 4: This 2-bedroom, 1-bathroom unit features a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. All units and the building’s exterior have been freshly painted. New AC installed last December in all units. Additional features include dual-pane windows, tiled and laminate wood flooring, updated kitchens and bathrooms, separate meters for electricity and gas, and individual laundry hookups. Units 1,2,4 are vacant and ready for move-in at market rate. Unit 3 is scheduled to move out by mid Oct. All units will be delivered vacant at closing. The Gross Scheduled Income is not guaranteed and based on Pro Forma ESTIMATED Rent. Buyer is to perform own research. 2400 S Ridgewood Dr represents a rare opportunity for investors to acquire a well-cared-for property in a market where available options are limited. Buyer to cooperate with seller’s 1031 exchange at no cost. Square footage has not been measured; buyers are encouraged to verify.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Lina Chu DRE #01431278 626-252-0658,

    Cornerstone Realty Group

    Bought with:

    Dennis Lo, DRE #01823002

    Gainspot Inc.

    Source: CRMLS,MLS#: CV24191220MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
    Interior area
    • Total structure area: 4,050
    • Total interior livable area: 4,050 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage, Carport
    • Garage spaces: 5
    • Carport spaces: 1
    • Covered spaces: 6
    • Uncovered spaces: 2
    Features
    • Entry location: Ground level, some with steps
    • Pool features: Association
    Lot
    • Size: 9,004 sqft
    • Features: Corner Lot, Gentle Sloping
    Details
    • Parcel number: 8735010039
    • Zoning: WCPCD1*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: West Covina

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $225 monthly
    • Association name: Woodbridge HOA
    • Association phone: 626-967-7921

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange

    Price history

    DateEventPrice
    10/22/2024Sold$1,600,000+6.7%$395/sqft
    Source: CRMLS #CV24191220 Report a problem
    9/28/2024Pending sale$1,499,900$370/sqft
    Source: CRMLS #CV24191220 Report a problem
    9/16/2024Listed for sale$1,499,900+84%$370/sqft
    Source: CRMLS #CV24191220 Report a problem
    5/22/2009Sold$815,000+164.6%$201/sqft
    Source: Public Record Report a problem
    3/14/2001Sold$308,000$76/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$21,132 +46.8%$1,600,000 +55.5%
    2024$14,398 +3.2%$1,028,937 +2%
    2023$13,950 +11.4%$1,008,762 +2%
    2022$12,523 +1.5%$988,983 +2%
    2021$12,338 +1.3%$969,592 +1%
    2020$12,185 $959,651 +2%
    2019$12,185 +5.9%$940,835 +2%
    2018$11,510 $922,388 +2%
    2017$11,510 +2%$904,303 +2%
    2016$11,288 +1.5%$886,572 +1.5%
    2015$11,122 +1.9%$873,255 +2%
    2014$10,916 $856,150 +2.5%
    2012-- $835,571 +2%
    2011-- $819,188 +0.8%
    2010-- $813,067 +125.6%
    2009-- $360,391 +2%
    2008-- $353,326 +2%
    2007-- $346,399 +2%
    2006-- $339,608
    2005-- $339,608

    Find assessor info on the county website

    Neighborhood: 91792

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,593,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,593,700