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

Sale Details

Date 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
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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

Outdoor Features

  • 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

9,049 Sq Ft Lot

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 Rate: 3.00

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
Feb 20, 2020
Sold by
Lovio Heck Alexandra
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$561,862
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2015
Sold by
Lovio Heck Alexandra
Bought by
Lovio Heck Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2002
Sold by
Heck Greg Warren
Bought by
Lovio Heck Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 14, 2002
Sold by
Smith Divina Gloria and The Thora Heather Sosinsky Liv
Bought by
Lovio Heck Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 29, 1996
Sold by
Sosinsky Thora Heather
Bought by
Sosinsky Thora Heather
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Fidelity Title Company
Lovio Heck Alexandra -- Wfg National Title Company
Lovio Heck Alexandra -- First American Title Ins Co
Lovio Heck Alexandra $250,000 First American Title Ins Co
Sosinsky Thora Heather -- Gateway Title Company
Sosinsky Thora Heather -- Gateway Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $650,000
Previous Owner Lovio Heck Alexandra $400,000
Previous Owner Lovio Heck Alexandra $320,000
Previous Owner Lovio Heck Alexandra $215,000
Previous Owner Lovio Heck Alexandra $200,000
Previous Owner Sosinsky Thora Heather $17,650
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,676 $1,435,049 $725,085 $709,964
2025 $19,676 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20018690

California Regional Multiple Listing Service (CRMLS)
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