NOT LISTED FOR SALE
18 Beds
9 Baths
8,149 Sq Ft
0.38 Acres

Last Sold November 19, 2021

Last sale price $2,050,000 $252 Per Sq Ft

132 Days on Market

Highlights

  • 0.38 Acre Lot
  • Tile Flooring
  • Garden
  • Laundry Room
  • 2 Detached Carport Spaces
  • Rectangular Lot

About This Home

As of November 2021

For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied.

Last Agent to Sell the Property

Grace Huang

Presidential Incorporated License #00966678 Listed on: 05/18/2021

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1957

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Garden
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 7 Car Garage
  • 2 Detached Carport Spaces
  • Parking Available

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 8,149 Sq Ft Home
  • 2-Story Property
  • Blinds

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 17174
  • Assessor Parcel Number 8323015003

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Gardener Expense $960
  • Insurance Expense $2,803
  • Maintenance Expense $5,301
  • Trash Expense $3,120
  • Water Sewer Expense $4,200
  • New Taxes Expense $29,709
  • Operating Expense $48,493
  • Gross Income $123,968
  • Net Operating Income $76,727

Property Details

Home Type

Apartment

Year Built

Built in 1957

Lot Details

0

Parking

7

Listing Details

  • CapRate: 3.34
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4200.00
  • Zoning: POR301
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8323015003
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 251.56
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3120.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 16653.00
  • Lot Size Acres: 0.3823

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 975 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 2400.00
  • Gross Multiplier: 18.21
  • Gross Operating Income: 123968.00
  • Gross Scheduled Income: 125220.00
  • Gross Spendable Income: 76727.00
  • Insurance Expense: 2803.00
  • Lot Size Area: 16653.0000 Square Feet
  • Maintenance Expense: 5301.00
  • Net Operating Income: 76727.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 48493.00
  • Operating Expense Percent: 38.00
  • Rent Control: No
  • Total Actual Rent: 10435.00
  • Total Expenses: 48493.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 29709.00
  • Tax Census Tract: 4027.02
  • Tax Lot: 4
  • Tax Tract Number: 17174

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2021 11/19/21 Sold $2,050,000 -10.1% $252 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/26/2021 09/26/21 For Sale $2,280,000 +11.2% $280 / Sq Ft
09/15/2021 09/15/21 Off Market $2,050,000 -- --
05/18/2021 05/18/21 For Sale $2,280,000 +69.1% $280 / Sq Ft
05/13/2016 05/13/16 Sold $1,348,000 +3.9% $165 / Sq Ft View Prior Sale
04/08/2016 04/08/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $1,298,000 +48.2% $159 / Sq Ft
06/05/2012 06/05/12 Sold $875,750 -4.3% $107 / Sq Ft View Prior Sale
03/21/2012 03/21/12 Pending -- -- --
02/24/2012 02/24/12 For Sale $915,000 -- $112 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21098286

California Regional Multiple Listing Service (CRMLS)