NOT LISTED FOR SALE

Estimated Value: $540,000 - $559,000

6 Beds
6 Baths
3,956 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 21, 2015

Last sale price $775,000 $196 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $3,155/month

3 Days on Market

Highlights

  • 0.7 Acre Lot
  • 6 Car Garage
  • 1-Story Property
  • No HOA

About This Home

As of May 2015

Truly a one-of-a-kind opportunity in Pomona! This property is actually 5 seperate parcels, all touching each other, being sold as one "package." This property consists of TWO single family homes (each with 1 bed/1 bath), TWO duplexes (each with TWO stand-alone 1 bed/1 bath units) and a vacant lot - for a total of SIX 1 bed/1 bath detached stand-alone units plus a vacant lot. Centrally located near Downtown and within walking distance to everything Pomona has to offer, this is a wonderful opportunity. This property also has mixed-use zoning and falls within Pomona's "Urban Neighborhood" zone - with long-term potential to build up to 4 stories of mixed commercial/residential use. All 6 units are currently rented out and the tenants always pay on time. All SIX units have their own garage. This property is also located on nearly 3/4 an acre, and each existing unit has the potential to build a bedroom onto each. Additionally, the individual parcels themselves are also being sold (though the preference is to sell the package). The TWO SFRs are being offered for $199,000 and $210,000 (MLS# OC15083839 & OC15083848), the TWO Duplexes for $239,000 and $260,000 (MLS# OC15083844 & OC15083850) and the vacant lot for $80,000 (MLS# OC15083852). Package is discounted!

Last Agent to Sell the Property

Jacob Snavely

Berkshire Hathaway HomeService Brokerage Phone: 949-338-7226 License #01743547 Listed on: 04/21/2015

Co-Listed By

Bryan Whittam

Bullock Russell RE Services Brokerage Phone: 949-338-7226 License #01720340

Last Buyer's Agent

Jacob Snavely

Berkshire Hathaway HomeService Brokerage Phone: 949-338-7226 License #01743547 Listed on: 04/21/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,279

Year Built

  • Built in 1952

Lot Details

  • 0.7 Acre Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Interior Spaces

  • 3,956 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7790
  • Assessor Parcel Number 8348018042

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $464
  • Gardener Expense $4,200
  • Insurance Expense $2,754
  • Maintenance Expense $766
  • Professional Management Expense $4,684
  • Trash Expense $793
  • Water Sewer Expense $4,951
  • New Taxes Expense $4,300
  • Operating Expense $23,130
  • Gross Income $5,205
  • Net Operating Income $43,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,279

Year Built

Built in 1952

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 4684.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 4951.00
  • Property Type: Residential Income
  • Gardener Expense: 4200.00
  • Parcel Number: 8348018042
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 195.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 793.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 30546.00
  • Lot Size Acres: 0.7010

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 464.00
  • Gross Income: 5205.00
  • Gross Operating Income: 62460.00
  • Gross Scheduled Income: 62460.00
  • Insurance Expense: 2754.00
  • Lot Size Area: 30546.0000 Square Feet
  • Maintenance Expense: 766.00
  • Net Operating Income: 43630.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 1569.00
  • Rent Control: No
  • Total Actual Rent: 5205.00
  • Total Expenses: 23130.00

Tax Info

  • New Taxes Expense: 4300.00
  • Tax Lot: 11
  • Tax Tract Number: 7790
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2016
Sold by
Pi Properties No 79 Llc
Bought by
Pi Properties No 142 Llc
Current Estimated Value
$545,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Outstanding Balance
$394,180
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$151,008

Purchase Details

Listed on
Apr 21, 2015
Closed on
May 6, 2015
Sold by
Adams David A and Adams Patricia S
Bought by
Pi Properties #79 Llc
Seller's Agent
Jacob Snavely
Berkshire Hathaway HomeService
Buyer's Agent
Jacob Snavely
Berkshire Hathaway HomeService
List Price
$775,000
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.32%
Original Mortgage
$775,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2009
Sold by
Adams Patricia Sue
Bought by
Adams David A and Adams Patricia S

Purchase Details

Closed on
Apr 28, 2008
Sold by
Baczek Ann L and Baczek Anne Lynn
Bought by
Baczek Ann L and The Ann L Baczek 2008 Revocabl

Purchase Details

Closed on
Sep 7, 2006
Sold by
Smithen Janet L and Zalba Janet Cameron
Bought by
Smithen Janet L and The Janet L Smithen 2006 Revoc

Purchase Details

Closed on
Feb 28, 2000
Sold by
Smithen Lillie E and The Smithen Family Trust
Bought by
Adams Patricia Sue

Purchase Details

Closed on
Mar 3, 1997
Sold by
Smithen Lillie E
Bought by
Smithen Lillie E and Smithen Family Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pi Properties No 142 Llc -- North American Title
Pi Properties #79 Llc $695,000 Ticor Title
Adams David A -- None Available
Baczek Ann L -- None Available
Smithen Janet L -- None Available
Adams Patricia Sue -- --
Smithen Lillie E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pi Properties No 142 Llc $492,000
Previous Owner Pi Properties #79 Llc $775,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2015 05/21/15 Sold $775,000 0.0% $196 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $775,000 -- $196 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,279 $252,380 $120,181 $132,199
2024 $3,279 $247,432 $117,825 $129,607
2023 $3,212 $242,581 $115,515 $127,066
2022 $3,160 $237,825 $113,250 $124,575
2021 $3,087 $233,163 $111,030 $122,133
2019 $3,152 $226,249 $107,738 $118,511
2018 $2,946 $221,814 $105,626 $116,188
2016 $2,770 $213,202 $101,525 $111,677
2015 $1,099 $70,299 $26,705 $43,594
2014 -- $68,923 $26,182 $42,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15083859

California Regional Multiple Listing Service (CRMLS)

APN: 8348-018-040