Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
125 Total Sales
1368 E Kingsley Ave Unit E Pomona, CA 91767
Pomona East Neighborhood
7
Beds
6
Baths
4,917
Sq Ft
9,049
Sq Ft Lot
About This Home
As of March 2020We are pleased to offer for sale a Turn-Key opportunity located at 1368 E. Kingsley Street in the city of Pomona. The Kingsley Apartments are comprised of a unique mix of (1) 2-Bed/1.75-Ba House, (1) 2-Bed/1.5-Ba Townhouse, (1) 2-Bed/1-Ba Unit, and (2) Spacious 1-Bed/1-Ba Units. Tenants enjoy both garage and onsite parking, as well as an onsite laundry facility. The property has been extremely well maintained and boasts pride of ownership care. Recent capital improvements include: New paint, all new windows, new plumbing throughout, and more. With an above average 5%+ Cap Rate on ACTUAL current rents, the Kingsley Apartments are a prime opportunity for an investor to enjoy steady cash-flow with limited maintenance expense.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 01/27/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 9,049 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Home Design
- 4,917 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 4
- Tax Tract Number 20535
- Assessor Parcel Number 8323029017
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $480
- Fuel Expense $360
- Insurance Expense $1,967
- Maintenance Expense $4,750
- Other Expense $750
- Trash Expense $1,620
- Water Sewer Expense $2,040
- New Taxes Expense $15,230
- Operating Expense $27,197
- Gross Income $96,600
- Net Operating Income $66,505
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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 |
|---|---|---|---|---|
| 03/31/2020 03/31/20 | Sold | $1,250,000 | 0.0% | $254 / Sq Ft |
| 02/14/2020 02/14/20 | Pending | -- | -- | -- |
| 02/11/2020 02/11/20 | Off Market | $1,250,000 | -- | -- |
| 01/27/2020 01/27/20 | For Sale | $1,300,000 | -- | $264 / 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 | $18,043 | $1,406,912 | $710,868 | $696,044 |
| 2024 | $18,043 | $1,379,327 | $696,930 | $682,397 |
| 2023 | $17,208 | $1,313,971 | $683,265 | $630,706 |
| 2022 | $16,948 | $1,288,208 | $669,868 | $618,340 |
| 2021 | $16,564 | $1,262,950 | $656,734 | $606,216 |
| 2020 | $5,506 | $331,062 | $119,180 | $211,882 |
| 2019 | $5,605 | $324,572 | $116,844 | $207,728 |
| 2018 | $5,152 | $318,208 | $114,553 | $203,655 |
| 2016 | $4,786 | $305,853 | $110,105 | $195,748 |
| 2015 | $4,750 | $301,260 | $108,452 | $192,808 |
| 2014 | $4,747 | $295,360 | $106,328 | $189,032 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20018690
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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