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1400 North Grand Avenue

1400 North Grand Avenue, Covina, CA 91724
Property in Covina
Sold Sep 07, 2018
$61,500,000
$40,351 by Cbre Capital Markets Inc
Mortgage Due Jan 01, 2031
Sold Aug 10, 2015
$45,150,000
$33,600,000 by Hsbc Bank Usa
Mortgage
1400 North Grand Avenue has been categorized by the local assessors in Covina, CA as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 195 bedrooms. Residents will have access to 195 full bathrooms. There are 195 partial bathrooms in the home. In addition, 1400 North Grand Avenue has 108,544 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 271,697 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. The property was last sold in Sep 4, 2018 for $61,500,000. That's $566.59 per sqft. Prior to that sales transaction, the property was also sold in Aug 7, 2015 for $45,150,000. 1400 North Grand Avenue was last assessed in 2023. The total value of the property was assessed at $39,457,034. Specifically, the land the property is located on was valued at $8,363,175. While improvements on the property were assessed at a total of $31,093,859. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $483,749. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 5
  • Bedroom Count: 195
  • Bathroom Count: 195
  • Full Bathrooms: 195
  • Partial Bathrooms: 195
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 136
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 271,697
  • Total Building Area: 108,544
  • Gross Building Area: 108,544
  • Building Area: 108,544
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 108,544
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCHO ADD
  • Land Acres: 6.237
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: MR 22-21-23*FOR DESC SEE ASSESSORS MAPS *POR OF NW 1/4 LOT/SEC 7 BLK/DIV/TWN 1S REG/RNG 9

Ownership

  • Current Owner : VISTA POINTE GRAND APARTMENTS LLC
  • Previous Owner : SRGMF II NORTH GRAND COVINA LLC
  • Owner Before Previous Owner: VISTA POINTE APARTMENTS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Charter Oak Unified School District
  • Census Tract: 403801

Zoning

  • Zoning: LCC4*

Geography

  • Assessors Map Reference: 93-C3
  • Parcel: 8404-001-017
  • Lot: 7
  • Meridian: SEC 07 TWN 01S RNG 09W
  • Municipality: HALL OF ADMIN
  • Latitude: 34.1053
  • Longitude: -117.869

    Address

  • Full Address: 1400 N Grand Ave
  • Address - House Number: 1400
  • Street Direction: N
  • Address - Street Name: Grand
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Covina
  • Carrier Code: C063
  • 4-Digit Zip Code: 1085
  • Zip Code: 91724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $483,749
  • Tax Rate Code Area: 02-915

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $40,351
  • First Open Lien Mortgage Lender: CBRE CAPITAL MARKETS INC
  • First Open Lien Mortgage Recording Date: Dec 14, 2020
  • First Open Lien Mortgage Loan Amount: $40,351
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2031

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,457,034
  • Assessed Land Value: $8,363,175
  • Assessed Improvements Value: $31,093,859

    Sales

  • Current Sale Contract Date: Sep 04, 2018
  • Current Sale Recording Date: Sep 07, 2018
  • Current Sale Transaction ID: 11506953035
  • Current Sale Price: $61,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-0912572
  • Previous Sale Recording Date: Aug 10, 2015
  • Previous Sale Contract Date: Aug 07, 2015
  • Previous Sale Amount: $45,150,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: HSBC BANK USA
  • Previous Mortgage Transaction Date: Aug 10, 2015
  • Previous Mortgage Loan Amount: $33,600,000
  • Previous Mortgage Loan Type: Commercial

About Covina



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Frequently Asked Questions

What neighborhood is 1400 North Grand Avenue located in?
The 1400 North Grand Avenue is a located in the neighborhood of Covina in Covina, Covina.
What is the average sales price for listings in 1400 North Grand Avenue?
The average sales price for units in 1400 North Grand Avenue is $0 currently.

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