Seller's Agent in 2021
Ed Diaz
Vanguard Property Group
(714) 900-0169
4 in this area
29 Total Sales
1505 Holly Way Pomona, CA 91766
South Pomona NeighborhoodEstimated Value: $960,000 - $1,165,000
8
Beds
4
Baths
4,400
Sq Ft
$246/Sq Ft
Est. Value
About This Home
As of August 2021We are pleased to present the Holly Terrace apartment homes consisting of three (3) contiguous, legal fourplexes located on a quiet, residential cul-de-sac street in the city of Pomona. These fourplexes are offered for sale individually or grouped together. The subject property possess an ideal unit mix of four (4) spacious, 1100 sf two bedroom, one bath units (2+1). Unit amenities include: garages, separate water heaters and separate gas & electric meters for each tenant - for low landlord expenses. Some of the interiors have undergone renovations in kitchens and bathroom including new tubs and shower walls, new plumbing, countertops, flooring and paint. The subject properties are in need of some minor exterior maintenance but possess great upside in rents (20%) with a savvy apartment operator. Currently offered at 12.95 GRM and a 5.67 CAP on actual rents. The addresses of the adjacent 4plxs offered for sale with the subject property are: 1056 E. Phillips Blvd and 1517 Holly Way, Pomona CA.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,006
Year Built
- Built in 1964
Lot Details
- 0.27 Acre Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
- Driveway
Home Design
- 4,400 Sq Ft Home
- Property Attached
- Cosmetic Repairs Needed
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Utilities
- Natural Gas Connected
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 27664
- Assessor Parcel Number 8328009044
Community Details
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $16,782
- Gross Income $68,028
- Net Operating Income $49,232
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2021
Closed on
Jul 1, 2021
Sold by
Jacobs Aaron B and The Jacobs Family Trust
Bought by
Zhou Zhilong and Wang Lin
Seller's Agent
Ed Diaz
Vanguard Property Group
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$869,000
Sold Price
$930,000
Premium/Discount to List
$61,000
7.02%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,667
Avg. Annual Appreciation
3.67%
Original Mortgage
$2,029,500
Outstanding Balance
$1,849,422
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$772,089
Purchase Details
Closed on
Mar 14, 2018
Sold by
Jacobs Aaron B
Bought by
Jacobs Aaron B and The Jacobs Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 1, 2013
Sold by
Mundy Daniel Patrick and The Daniel Patrick Mundy Trust
Bought by
Jacobs Aaron B and Jacobs Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
3.36%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 19, 2012
Sold by
Hawken Susan A and Estate Of John F Lee
Bought by
Hawken Susan A and Estate Of Natasha A Lee
Purchase Details
Closed on
Jun 14, 2005
Sold by
Jacobs Aaron B and Mundy Daniel Patrick
Bought by
Jacobs Aaron B and Jacobs Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 7, 2005
Sold by
Mundy Elizabeth M
Bought by
Mundy Daniel Patrick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 10, 2002
Sold by
Smith Y and 1505 Trust
Bought by
Lee John F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.01%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 5, 1995
Sold by
Blackwell Orman and Blackwell Margie
Bought by
Smith Y
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhou Zhilong | $2,790,000 | First Amer Ttl Co Res Div | |
| Jacobs Aaron B | -- | Chicago Title Company | |
| Jacobs Aaron B | $223,000 | First American Title Insuran | |
| Jacobs Aaron B | -- | First American Title Insuran | |
| Hawken Susan A | -- | None Available | |
| Jacobs Aaron B | -- | -- | |
| Mundy Daniel Patrick | -- | First American Title Co | |
| Jacobs Aaron B | -- | First American Title Co | |
| Lee John F | -- | First American Title Co | |
| Lee John F | $270,000 | First American Title Co | |
| Smith Y | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zhou Zhilong | $2,029,500 | |
| Previous Owner | Jacobs Aaron B | $1,600,000 | |
| Previous Owner | Jacobs Aaron B | $730,000 | |
| Previous Owner | Jacobs Aaron B | $795,000 | |
| Previous Owner | Lee John F | $359,650 | |
| Previous Owner | Lee John F | $202,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2021 08/13/21 | Sold | $930,000 | +7.0% | $211 / Sq Ft |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- |
| 06/01/2021 06/01/21 | For Sale | $869,000 | -- | $198 / 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 | $13,006 | $986,923 | $530,604 | $456,319 |
| 2024 | $13,006 | $967,572 | $520,200 | $447,372 |
| 2023 | $12,759 | $948,600 | $510,000 | $438,600 |
| 2022 | $12,566 | $930,000 | $500,000 | $430,000 |
| 2021 | $6,843 | $454,974 | $219,990 | $234,984 |
| 2020 | $6,821 | $450,310 | $217,735 | $232,575 |
| 2019 | $6,964 | $441,481 | $213,466 | $228,015 |
| 2018 | $6,395 | $432,826 | $209,281 | $223,545 |
| 2016 | $5,958 | $416,020 | $201,155 | $214,865 |
| 2015 | $5,912 | $409,772 | $198,134 | $211,638 |
| 2014 | $5,894 | $401,746 | $194,253 | $207,493 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Diaz
-
Brad New
Seller Co-Listing Agent in 2021
Brad New
Vanguard Property Group
(714) 446-0100
4 in this area
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21116332
APN: 8328-009-044
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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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