NOT LISTED FOR SALE

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

Last Sold March 31, 2020

Last sale price $1,250,000 $254 Per Sq Ft

18 Days on Market

About This Home

As of March 2020

We 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

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/27/2020

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/27/2020

RE/MAX 2000 REALTY

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.12
  • Property Attached: Yes
  • Water Sewer Expenses: 2040.00
  • Zoning: POR311/2
  • Property Type: Residential Income
  • Parcel Number: 8323029017
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 254.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1620.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9049.00
  • Lot Size Acres: 0.2077

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 360.00
  • Gross Income: 96600.00
  • Gross Multiplier: 13.46
  • Gross Operating Income: 93702.00
  • Gross Scheduled Income: 96600.00
  • Insurance Expense: 1967.00
  • Laundry Income: 900.00
  • Lot Size Area: 9049.0000 Square Feet
  • Maintenance Expense: 4750.00
  • Net Operating Income: 66505.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 27197.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 95700.00
  • Total Expenses: 27197.00
  • Vacancy Allowance: 2898
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15230.00
  • Tax Census Tract: 4027.02
  • Tax Lot: 4
  • Tax Tract Number: 20535

Range of Values:

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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 Change Sq Ft Price
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

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2020

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    118 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20018690

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pomona 91767 Pomona East

1368 E Kingsley Ave Unit E, Pomona, CA

This home is located at 1368 E Kingsley Ave Unit E, Pomona, CA 91767 since 27 January 2020. This property was built in 1968. 1368 E Kingsley Ave Unit E is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Emerson Middle School, and Pomona High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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