Seller's Agent in 2015
Jag Singh
Keller Williams - Eagle Rock
(626) 331-1234
44 Total Sales
1167 E Franklin Ave Pomona, CA 91766
South Pomona NeighborhoodEstimated Value: $1,430,000 - $1,863,486
8
Beds
7
Baths
4,064
Sq Ft
$405/Sq Ft
Est. Value
Highlights
- 0.4 Acre Lot
- Bungalow
- Paved or Partially Paved Lot
- Laundry Room
- Wrought Iron Fence
- Wall Furnace
About This Home
As of September 20151167 East Franklin Ave., an investment opportunity centrally located on the south side of the City of Pomona, CA. It presents an excellent opportunity for an investor to acquire a property that has great upside rental potential and a good unit mix in the increasingly popular East San Gabriel Valley.
The property consists of 3 separate structures: six one bedroom one bathroom and one two bedroom one bathroom unit apartment building for a total of 7 units with large lot size total lot size is 17,352. All of the structures on the property were built in 1928. Most of the units are currently rented below market value, so there is ample room for an investor to increase rental income on these units. The large lot has ample space between the units, lush green space for the tenants to enjoy, and individual garages.
Excellent rental upside potential, No rent control cottage style buildings with garages, Walking distance to public transportation and Metrolink Station, Excellent access to the 10 FWY, 60 FWY, and 71 FWY
Last Agent to Sell the Property
Keller Williams - Eagle Rock License #01886951 Listed on: 07/29/2015
Last Buyer's Agent
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,314
Year Built
- Built in 1928
Lot Details
- 0.4 Acre Lot
- 1 Common Wall
- Wrought Iron Fence
- Paved or Partially Paved Lot
Parking
- 7 Car Garage
Home Design
- 4,064 Sq Ft Home
- Bungalow
- Property Attached
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 11649
- Assessor Parcel Number 8328010013
Community Details
Overview
- 3 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,179
- Maintenance Expense $2,280
- Trash Expense $1,320
- Water Sewer Expense $4,080
- New Taxes Expense $10,479
- Gross Income $6,412
- Net Operating Income $54,592
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2015
Closed on
Sep 18, 2015
Sold by
Pi Properties #31 Llc
Bought by
Mj Group Holdings Llc
Seller's Agent
Jag Singh
Keller Williams - Eagle Rock
Buyer's Agent
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
List Price
$880,000
Sold Price
$890,000
Premium/Discount to List
$10,000
1.14%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$756,743
Avg. Annual Appreciation
6.32%
Original Mortgage
$445,000
Outstanding Balance
$351,316
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$1,284,326
Purchase Details
Closed on
Dec 27, 2013
Sold by
M2 Investments Llc
Bought by
Pi Properties #31 Llc
Purchase Details
Closed on
Dec 1, 2001
Sold by
Fuerst Mitchell and Fuerst Marc
Bought by
M2 Investments Llc
Purchase Details
Closed on
Aug 18, 1998
Sold by
Bantam Franklin Av Ltd
Bought by
Fuerst Mitchell and Fuerst Marc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.88%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Mj Group Holdings Llc | $890,000 | Fidelity National Title Co | |
| Pi Properties #31 Llc | -- | Fidelity National Title | |
| M2 Investments Llc | -- | -- | |
| Fuerst Mitchell | $183,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mj Group Holdings Llc | $445,000 | |
| Previous Owner | M2 Investments Llc | $540,000 | |
| Previous Owner | M2 Investments Llc | $338,000 | |
| Previous Owner | Fuerst Mitchell | $32,000 | |
| Previous Owner | Fuerst Mitchell | $156,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2015 09/23/15 | Sold | $890,000 | +1.1% | $219 / Sq Ft |
| 07/27/2015 07/27/15 | Pending | -- | -- | -- |
| 05/18/2015 05/18/15 | For Sale | $880,000 | -- | $217 / 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 | $14,314 | $1,053,574 | $355,136 | $698,438 |
| 2024 | $14,314 | $1,032,917 | $348,173 | $684,744 |
| 2023 | $14,044 | $1,012,665 | $341,347 | $671,318 |
| 2022 | $13,829 | $992,809 | $334,654 | $658,155 |
| 2021 | $13,518 | $973,343 | $328,093 | $645,250 |
| 2019 | $13,789 | $945,134 | $318,362 | $626,772 |
| 2018 | $12,698 | $926,616 | $312,120 | $614,496 |
| 2016 | $11,900 | $890,000 | $300,000 | $590,000 |
| 2015 | $9,584 | $688,486 | $407,992 | $280,494 |
| 2014 | $4,301 | $234,023 | $127,882 | $106,141 |
Source: Public Records
Agents Affiliated with this Home
-
Jag Singh
-
O
Buyer's Agent in 2015
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR15106102
APN: 8328-010-013
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
Nearby Homes
- 1575 S Reservoir St Unit H
- 1571 S Reservoir St Unit C
- 1573 S Reservoir St Unit K
- 1851 S San Antonio Ave
- 1433 S San Antonio Ave
- 1987 Munhall Ave
- 1406 Girona Dr
- 1450 Madrid Dr
- 1438 Madrid Dr
- 1535 S Towne Ave
- 1125 E Grand Ave Unit A
- 1455 S Towne Ave
- 1216 S San Antonio Ave
- 1206 S San Antonio Ave
- 1202 S San Antonio Ave
- 1204 S San Antonio Ave
- 1367 S Towne Ave
- 706 Leather Oak Ln
- 1063 S Reservoir St
- 585 E Franklin Ave
- 1682 Burma Ct
- 1694 Burma Ct
- 1666 Burma Ct
- 1685 S Reservoir St
- 1661 S Reservoir St
- 1675 S Reservoir St
- 1654 Burma Ct
- 1116 E Franklin Ave
- 1156 E Franklin Ave Unit B
- 1156 E Franklin Ave
- 1154 E Franklin Ave
- 1170 E Franklin Ave
- 1648 Burma Ct
- 1717 S Reservoir St
- 1683 Burma Ct
- 1657 S Reservoir St
- 1695 Burma Ct
- 1665 Burma Ct
- 1104 E Franklin Ave
- 1104-1116 E Franklin Ave