Seller's Agent in 2022
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
2 in this area
46 Total Sales
1676 E Kingsley Ave Pomona, CA 91767
Pomona East Neighborhood
3
Beds
2
Baths
11,030
Sq Ft
11,761
Sq Ft Lot
Highlights
- Private Yard
- Laundry Room
- Rectangular Lot
- Park
About This Home
As of January 2022We are proud to exclusively present the opportunity to acquire 1676 E. Kingsley Avenue, a 10-unit multifamily investment property located in Pomona, California. Built in 1957, the property sits on 0.27 acre and has a building size of approximately 11,030 square feet. The building consists of (4) one-bedroom/one-bathroom and (6) two-bedroom/one-bathroom units. The property features carport parking, on-site laundry room, updated electrical panels, and re-pipped copper and/or plex plumbing. The roof has been replaced approximately 15 years ago. Majority of the units have been updated. All units are individually metered for gas and electricity, and they have individual hot water heaters.
The apartment has an attractive rental location in the busy city of Pomona and is ideally situated in between the Interstate 10 and the State Route 60 freeway. The property is within walkable distance to Downtown Pomona where its resident can enjoy entertainment, dining, and shopping. Along with its central location, the city is well served by the Foothill Transit and the Omnitrans Bus Lines, which can take commuters to Ontario International Airport.
The City of Pomona is well known for its history and was given the name of “Queen of the Citrus Belt”. The city features several historical buildings and recreations, including the Art Deco Pomona Fox Theater, the Rancho Santa Ana Botanic Garden, and the Millikan Planetarium. Pomona is also home to Cal Poly Pomona, Western University of Health Sciences, and Claremont Colleges.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- Paved or Partially Paved Lot
- Private Yard
Home Design
- 11,030 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 23385
- Assessor Parcel Number 8323026008
Community Details
Recreation
- Park
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,917
- Fuel Expense $1,917
- Insurance Expense $5,297
- Maintenance Expense $6,500
- Pest Control $495
- Trash Expense $1,917
- Water Sewer Expense $1,917
- New Taxes Expense $33,745
- Operating Expense $54,107
- Gross Income $144,412
- Net Operating Income $90,305
Additional Features
- 10 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 01/04/2022 01/04/22 | Sold | $2,485,000 | -0.6% | $225 / Sq Ft |
| 08/26/2021 08/26/21 | For Sale | $2,500,000 | -- | $227 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $33,208 | $2,637,100 | $1,855,627 | $781,473 |
| 2024 | $33,208 | $2,585,393 | $1,819,243 | $766,150 |
| 2023 | $32,557 | $2,534,700 | $1,783,572 | $751,128 |
| 2022 | $5,457 | $253,104 | $43,716 | $209,388 |
| 2021 | $5,296 | $248,142 | $42,859 | $205,283 |
| 2019 | $5,334 | $241,585 | $41,589 | $199,996 |
| 2018 | $4,911 | $236,865 | $40,774 | $196,091 |
| 2016 | $4,546 | $226,900 | $39,192 | $187,708 |
| 2015 | $4,511 | $223,493 | $38,604 | $184,889 |
| 2014 | $4,543 | $219,116 | $37,848 | $181,268 |
Source: Public Records
Agents Affiliated with this Home
-
David Covarrubias
-
Douglas McCauley
Seller Co-Listing Agent in 2022
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
2 in this area
44 Total Sales
-
Jasmine Lam
Buyer's Agent in 2022
Jasmine Lam
Pinnacle Real Estate Group
(626) 231-9486
2 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21189183
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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