NOT LISTED FOR SALE

Estimated Value: $724,145 - $1,192,000

7 Beds
4 Baths
3,051 Sq Ft
$295/Sq Ft Est. Value

Last Sold December 06, 2023

Last sale price $1,080,000 $354 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $5,415/month

24 Days on Market

Highlights

  • 0.36 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of December 2023

Wonderful investment opportunity. This Unique Income producing property features 2 Assessor Parcel numbers and 2 Addresses . Each Unit has their own drive way & parking spaces. County records shows 2 units. Three units in quiet Pomona neighborhood on a 15,548 SqFt lot. Unit #1 - 185 11th Street is three bedroom, 1.75 bathroom, 1,533 Sqft, Victorian style house with the Master bedroom , large rooms with walk in closets ,formal dinning area and a Great/DEN room, LARGE Kitchen with granite counter tops and Laundry room. Spacious backyard and alley access. Back Unit is Mordern house with one bedroom, one bathroom, approx. 500 SqFt(non permitted), with open living room and kitchen area. Unit #3 - 1051 Locust Ave, fully renovated in is 3 bedroom, 2 bathroom, 1,018 SqFt, with large living room and large backyard. both parcels are being sold together. Ideal for Developer or Large Family looking to live in one and rent out 1 and have Mother -in Law live in one, This Property Fits all your life's phases. Min. away from Downtown Pomona , Western University, Montclair Highschool , Public transportation and near the following freeways ,60,71,57 and 10 Location is Prime.

Last Agent to Sell the Property

Margaret Sun

Coldwell Banker Envision License #01278646 Listed on: 11/03/2023

Last Buyer's Agent

JIEREN HUANG

Pinnacle Real Estate Group License #02131376

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre
  • 8333018008

Home Design

  • Duplex
  • Entry on the 1st floor
  • Asbestos Shingle Roof

Interior Spaces

  • 3,051 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 9 / 139
  • Assessor Parcel Number 8333018007
  • $468 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $75
  • New Taxes Expense $11,400
  • Operating Expense $13,100
  • Gross Income $88,800
  • Net Operating Income $73,036

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • CapRate: 6.76
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Zoning: POR3T*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8333018007
  • Year Built: 1901
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 353.98

Exterior Features

  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8333018008
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15549.00
  • Lot Size Acres: 0.3570

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 88800.00
  • Gross Operating Income: 86136.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 15549.0000 Square Feet
  • Net Operating Income: 73036.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 13100.00
  • Rent Control: Yes
  • Total Actual Rent: 7400.00
  • Total Expenses: 13100.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11400.00
  • Tax Block: 139
  • Tax Census Tract: 4028.03
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 468.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Dec 4, 2023
Sold by
Kevork A Simonian 2016 Trust
Bought by
Liang Jinlong and Li Honghua
Seller's Agent
Margaret Sun
Coldwell Banker Envision
Buyer's Agent
JIEREN HUANG
Pinnacle Real Estate Group
List Price
$1,080,000
Sold Price
$1,080,000
Views
39
Current Estimated Value
$899,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$180,714
Avg. Annual Appreciation
-8.55%

Purchase Details

Closed on
Sep 28, 2009
Sold by
Salazar Raul and Salazar Eva
Bought by
Salazar Raul

Purchase Details

Closed on
Dec 2, 1998
Sold by
Trust Salazar Raul Co Tr Salazar Family and Salazar Eva
Bought by
Salazar Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,850
Interest Rate
6.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liang Jinlong $1,080,000 Western Resources Title
Salazar Raul -- None Available
Salazar Raul -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salazar Raul $81,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2023 12/06/23 Sold $1,080,000 0.0% $354 / Sq Ft
11/03/2023 11/03/23 For Sale $1,080,000 +30.9% $354 / Sq Ft
10/06/2021 10/06/21 Sold $825,000 -8.1% $270 / Sq Ft View Prior Sale
08/03/2021 08/03/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $898,000 -- $294 / 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 $8,438 $683,400 $528,360 $155,040
2024 $8,438 $670,000 $518,000 $152,000
2023 $5,620 $433,500 $306,000 $127,500
2022 $5,533 $425,000 $300,000 $125,000
2021 $747 $32,099 $14,010 $18,089
2019 $745 $31,149 $13,596 $17,553
2018 $625 $30,539 $13,330 $17,209
2016 $575 $29,355 $12,813 $16,542
2015 $569 $28,915 $12,621 $16,294
2014 $575 $28,349 $12,374 $15,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23202472

California Regional Multiple Listing Service (CRMLS)

APN: 8333-018-007