NOT LISTED FOR SALE

1481 S Reservoir St Pomona, CA 91766

Pomona East Neighborhood

Estimated Value: $530,158 - $1,191,000

4 Beds
2 Baths
3,081 Sq Ft
$293/Sq Ft Est. Value

Last Sold April 10, 2012

Last sale price $380,000 $123 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,529/month

22 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No Heating

About This Home

As of April 2012

Great 4 unit property. All 2 bedroom units with (4) enclosed garages plus off street parking.Large lot.One unit is vacant. Rental amount is projected for that unit only. Individual gas and electric meters. Your buyer can live in one unit and collect an additional 3000 toward the monthly payment. Historically low interest rates, along with 3.5% FHA down payments can result in cashflow from Day 1. Low maintenance building in outstanding rental area close to all services. With 3% yearly rent increase, income from the (3) rentals goes to 3090 in year 2 and 3182 in year 3. Call for more information.

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 02/29/2012

Co-Listed By

Stephen Hagerman

Genesis Realty License #01392401

Last Buyer's Agent

James Y. Kuang

Standard Prosperity License #01906627

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,625

Year Built

  • Built in 1959

Lot Details

  • 10,246 Sq Ft Lot
  • Lot Dimensions are 80x130

Parking

  • 8 Parking Spaces

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,081 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Block 195
  • Assessor Parcel Number 8327003009

Community Details

Overview

  • 5 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,625

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.02
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 8327003009
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 123.34

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 80x130
  • Lot Size Sq Ft: 10246.00
  • Lot Size Acres: 0.2350

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 7.90
  • Gross Scheduled Income: 48000.00
  • Lot Size Area: 10246.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11400.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance: 2400
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 7790
  • Tax Block: 195
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2022
Sold by
Du Kuanq Guo and Ling Ya
Bought by
Kuang & Chen Family Trust
Current Estimated Value
$901,263

Purchase Details

Listed on
Feb 29, 2012
Closed on
Mar 19, 2012
Sold by
Aslan Residential I Llc
Bought by
Kuang Guo Du and Chen Ya Ling
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$379,000
Sold Price
$380,000
Premium/Discount to List
$1,000
0.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%

Purchase Details

Listed on
Feb 29, 2012
Closed on
Feb 15, 2012
Sold by
Mojica Raul Arturo
Bought by
Aslan Residential I Llc
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$379,000
Sold Price
$380,000
Premium/Discount to List
$1,000
0.26%

Purchase Details

Closed on
Jul 23, 2011
Sold by
Mojica Arturo
Bought by
Gutierrez Karla B and Hernandez Alicia

Purchase Details

Closed on
May 14, 2010
Sold by
Mojica Raul Arturo
Bought by
Mojica Arturo

Purchase Details

Closed on
Oct 12, 2004
Sold by
Mojica Raul Arturo and Mojica Antrina Naidene
Bought by
Mojica Raul Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2001
Sold by
Zamora Crespin and Zamora Marcos
Bought by
Mojica Raul Arturo

Purchase Details

Closed on
Jul 7, 1997
Sold by
Wander Barton J A and Wander Family Trust
Bought by
Zamora Crespin and Zamora Marcos

Purchase Details

Closed on
Apr 18, 1997
Sold by
East End Properties Inc
Bought by
Zamora Crespin and Zamora Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,868
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 1997
Sold by
Chapman Mark A
Bought by
Wander Barton J A and East End Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,868
Interest Rate
7.7%
Mortgage Type
FHA
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
Kuang & Chen Family Trust -- Hall Lynn Y
Kuang Guo Du $380,000 First American Title Company
Aslan Residential I Llc -- None Available
Gutierrez Karla B -- None Available
Mojica Arturo -- None Available
Mojica Raul Arturo -- Stewart Title Of California
Mojica Raul Arturo -- United Title Company
Zamora Crespin $95,000 Fidelity National Title Ins
Zamora Crespin $95,000 --
Wander Barton J A $85,601 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mojica Raul Arturo $420,000
Previous Owner Mojica Raul Arturo $295,000
Previous Owner Zamora Crespin $184,868
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2012 04/10/12 Sold $380,000 +0.3% $123 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $379,000 -- $123 / 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 $6,625 $477,290 $251,206 $226,084
2024 $6,625 $467,932 $246,281 $221,651
2023 $6,498 $458,757 $241,452 $217,305
2022 $6,393 $449,763 $236,718 $213,045
2021 $6,237 $440,945 $232,077 $208,868
2020 $6,216 $436,425 $229,698 $206,727
2019 $6,355 $427,869 $225,195 $202,674
2018 $5,797 $419,480 $220,780 $198,700
2016 $5,435 $403,192 $212,207 $190,985
2015 $5,391 $397,137 $209,020 $188,117
2014 $5,373 $389,359 $204,926 $184,433
Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2012

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    4 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2012

    Stephen Hagerman

    Genesis Realty

  • James Y. Kuang

    Buyer's Agent in 2012

    James Y. Kuang

    Standard Prosperity

    (626) 371-5662

    21 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P813830

California Regional Multiple Listing Service (CRMLS)

APN: 8327-003-009

California Los Angeles County Pomona 91766 Pomona East

1481 S Reservoir St, Pomona, CA

This home is located at 1481 S Reservoir St, Pomona, CA 91766 since 29 February 2012 and is currently estimated at $901,790, approximately $292 per square foot. This property was built in 1959. 1481 S Reservoir St is a home located in Los Angeles County with nearby schools including Alcott Elementary School, Simons Middle School, and Garey 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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