Seller's Agent in 2021
Ed Diaz
Vanguard Property Group
(714) 900-0169
4 in this area
28 Total Sales
1082 E Phillips Blvd Pomona, CA 91766
South Pomona NeighborhoodEstimated Value: $983,000 - $1,161,000
18
Beds
9
Baths
35,032
Sq Ft
$31/Sq Ft
Est. Value
Highlights
- 1.77 Acre Lot
- Cooling System Mounted To A Wall/Window
- Laundry Room
- No HOA
About This Home
As of September 2021We are pleased to present the Phillips Holly Terrace II apartment homes- 1082 & 1092 E Phillips Blvd, 1506, 1518, 1530, 1542, 1554 Holly Way, and 1079 Patterson St- 32 unit apartment community comprised of 8 contiguous, separate, legal fourplexes located on a quiet, residential, cul-de-sac street in the city of Pomona. The legal fourplex structure of the subject properties offers an investor multiple favorable financing and exit strategies down the road. The subject property possess an ideal unit mix of very spacious (approx. 1100 sf each) two bedroom one bath units with the following amenities: garages, separate gas & electric meters, separate hot water heaters, laundry rooms (for additional landlord income), open parking spaces and more. Some of the interiors have undergone renovations in kitchens and bathroom including new tubs and shower walls, new plumbing, countertops, flooring; however, the subject properties exteriors are in need of some exterior maintenance. The Phillips Holly Terrace apartments offer a substantial upside in rents of approx. 25%+. Currently offered at 15.1 GRM and a 4.4 CAP on actual rents with upside to 11.3 GRM/6.6 CAP - tremendous cash flow opportunity in todays market for the savvy apartment operator. Please see attached brochure in supplements for additional property information.
Last Agent to Sell the Property
Vanguard Property Group License #01022469 Listed on: 08/09/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 1.77 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
- 8328-009-057, 8328-009-055, 8328-009-054,8328-009-053, 8328-009-052, 8328-009-051, 8328-009-029
Parking
- 5 Open Parking Spaces
- 50 Car Garage
Home Design
- 35,032 Sq Ft Home
Bedrooms and Bathrooms
- 18 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 15
- Tax Tract Number 27664
- Assessor Parcel Number 8328009056
Community Details
Overview
- No Home Owners Association
- 8 Buildings
- 32 Units
Amenities
- Laundry Facilities
Building Details
- 32 Leased Units
- Rent Control
- 32 Separate Electric Meters
- 32 Separate Gas Meters
- 8 Separate Water Meters
- Operating Expense $158,846
- Gross Income $520,288
- Net Operating Income $345,952
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 14, 2018
Sold by
Jacobs Aaron B and Jacobs Family Trust
Bought by
Jacobs Aaron B and The Jacobs Family Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,368,083
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$297,083
Purchase Details
Closed on
Feb 1, 2013
Sold by
Mundy Daniel Patrick and The Daniel Patrick Mundy Trust
Bought by
Jacobs Aaron B and Jacobs Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,755,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 19, 2012
Sold by
Hawken Susan A and Estate Of John F Lee
Bought by
Hawken Susan A and Estate Of Natasha A Lee
Purchase Details
Closed on
Jun 10, 2002
Sold by
Smith Y and 1082 Trust
Bought by
Lee John F and Jacobs Aaron B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.01%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 23, 1995
Sold by
Blackwell Orman and Blackwell Margie
Bought by
Smith Y
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jacobs Aaron B | -- | Chicago Title Company | |
| Jacobs Aaron B | $594,000 | First American Title Ins Co | |
| Jacobs Aaron B | -- | First American Title Insuran | |
| Hawken Susan A | -- | None Available | |
| Lee John F | $270,000 | First American Title Co | |
| Smith Y | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jacobs Aaron B | $1,600,000 | |
| Closed | Jacobs Aaron B | $1,755,000 | |
| Previous Owner | Lee John F | $202,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/10/2021 09/10/21 | Sold | $7,520,000 | -3.6% | $215 / Sq Ft |
| 08/31/2021 08/31/21 | Pending | -- | -- | -- |
| 08/09/2021 08/09/21 | For Sale | $7,800,000 | -- | $223 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,670 | $997,535 | $530,604 | $466,931 |
| 2024 | $12,670 | $977,976 | $520,200 | $457,776 |
| 2023 | $12,421 | $958,800 | $510,000 | $448,800 |
| 2022 | $12,226 | $940,000 | $500,000 | $440,000 |
| 2021 | $6,493 | $464,057 | $225,208 | $238,849 |
| 2020 | $6,470 | $459,299 | $222,899 | $236,400 |
| 2019 | $6,616 | $450,294 | $218,529 | $231,765 |
| 2018 | $6,121 | $441,466 | $214,245 | $227,221 |
| 2016 | $5,724 | $424,326 | $205,927 | $218,399 |
| 2015 | $5,678 | $417,953 | $202,834 | $215,119 |
| 2014 | $5,657 | $409,767 | $198,861 | $210,906 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Diaz
-
Brad New
Seller Co-Listing Agent in 2021
Brad New
Vanguard Property Group
(714) 446-0100
4 in this area
28 Total Sales
-
John Stephens
Buyer's Agent in 2021
John Stephens
KW COMMERCIAL
(909) 509-5908
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21165609
APN: 8328-009-056
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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