Seller's Agent in 2014
Benjamin Lin
1000 Realty Corporation
(626) 200-5004
12 Total Sales
1170 Murchison Ave Pomona, CA 91768
Ganesha Neighborhood
5
Beds
4
Baths
57,936
Sq Ft
4
Acres
Highlights
- Private Pool
- 4 Acre Lot
- Forced Air Heating System
About This Home
As of July 201452 Large Townhome Style Units. High growth area. Easy access to 10, 60, and 57 freeways. Close to Cal Poly Pomona. Rent below market. Actual Income: $703,500. Market Rent: $800,000. No rent control. Rent can be easily adjusted by the new owner. Long term tenants. Unit Mix: 30 – 3 Bedrooms 2 Baths, 22 – 2 Bedrooms 2 Baths. Average unit size is more than 1,114 sq. ft. Large Lot! Lot Size: 174,240 sq. ft. Building: 57,936 sq. ft. There is an extra lot in the back. Buyer to verify with city to build extra units. Many new homes surround this property. Buyer to verify subdivision possibilities w/city. Well maintained by the owner and tenants. Recently renovated – spent over $500K. Central Air Condition, Seperate meters, Also, Seperate water heater. Low expenses
Last Agent to Sell the Property
1000 Realty Corporation License #01383988 Listed on: 04/22/2014
Last Buyer's Agent
TC Fan
A + Realty & Mortgage License #01425063
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 4 Acre Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Home Design
- 57,936 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 104 Parking Spaces
- 52 Carport Spaces
Additional Features
- Private Pool
- Suburban Location
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 8358015029
Community Details
Overview
- 4 Buildings
- 52 Units
Recreation
- Community Pool
Building Details
- 52 Separate Electric Meters
- 52 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $9,287
- Gardener Expense $1,800
- Insurance Expense $14,721
- Maintenance Expense $12,000
- Other Expense $3,600
- Pest Control $2,880
- Professional Management Expense $9,600
- Trash Expense $9,000
- Water Sewer Expense $15,600
- New Taxes Expense $94,000
- Gross Income $57,950
- Net Operating Income $529,153
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2014 07/08/14 | Sold | $7,500,000 | -0.3% | $129 / Sq Ft |
| 06/18/2014 06/18/14 | Pending | -- | -- | -- |
| 04/22/2014 04/22/14 | For Sale | $7,520,000 | -- | $130 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $121,065 | $9,013,871 | $4,807,399 | $4,206,472 |
| 2024 | $121,065 | $8,837,130 | $4,713,137 | $4,123,993 |
| 2023 | $118,810 | $8,663,854 | $4,620,723 | $4,043,131 |
| 2022 | $117,046 | $8,493,975 | $4,530,121 | $3,963,854 |
| 2021 | $114,256 | $8,327,428 | $4,441,296 | $3,886,132 |
| 2019 | $116,594 | $8,091,200 | $4,309,565 | $3,781,635 |
| 2018 | $106,735 | $7,932,761 | $4,225,064 | $3,707,697 |
| 2016 | $99,933 | $7,614,375 | $4,061,000 | $3,553,375 |
| 2015 | $98,976 | $7,500,000 | $4,000,000 | $3,500,000 |
| 2014 | -- | $7,022,315 | $3,411,274 | $3,611,041 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Lin
-
T
Buyer's Agent in 2014
TC Fan
A + Realty & Mortgage
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR14082504
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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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