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Closed
- Listed price
- $1,900,000
- Listed Oct 20, 2022
- Sold price
- $1,818,150
- Sold Dec 28, 2022
7,801 sqft lot|1957 Built|21 MLS days on market
247 E Orlando Way, Covina, CA 91723
Property Description
Incredible opportunity to acquire a multi-family investment property in the highly desirable area of Covina. Very well-maintained, owned by the same owner since 1972! This property is composed of seven units, one of the units features three-bedrooms, two-bathrooms, inside laundry room and a backyard. Another unit features two-bedrooms, one-bathroom, and the rest are one-bedroom, 1-bathroom. Other features include seven carport spaces, all new windows, all around flood lighting, new exterior paint, and newly refinished wood flooring in four of the units. The property is conveniently located near the Eastland Shopping Center, IKEA, and the 10 Freeway! Rents are scheduled to go up as of March 2023, which will make cap rate to be 5.02%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.
Listing agent: THE MARK AND AL TEAMDRE #00914322offers@markandal.com, Listing office: CENTURY 21 FULL REALTY SEVICES
MLS data updated 10/25/2026, 1:25:23 PM PT
Source: CRMLSMLS #: CV22225462
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,818,150
Dec 28, 2022
Available records22022
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,818,150Closed sale · Dec 28, 2022ZIP 91723 · Dec 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsOct 20, 2022 – Dec 28, 2022
ZIP 91723 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.