NOT LISTED FOR SALE
5 Beds
3 Baths
1,874 Sq Ft
7,413 Sq Ft Lot

Last Sold January 10, 2019

Last sale price $568,000 $303 Per Sq Ft

29 Days on Market

Highlights

  • High Ceiling
  • Private Yard
  • Home Security System
  • Granite Countertops
  • Whole House Fan
  • 4-minute walk to Tony Cerda Park

About This Home

As of January 2019

Newly finished 2 units in Central Pomona, front unit 190 E Grand ave is 720 sqft 2bed/1bath with newly legalized ADU back unit 194 E Grand Ave is 1153 sqft 3bed/2bath. Conveniently located to shops & restaurants, schools, freeways. Easy to rent, with high cap rate around 6% (cap rate and operating expenses are calculated based on pro forma and asking price). New separate gas and electric meters for each unit, same water meter. Front unit features central AC, new exterior washer and dryer shed. Back unit has mini split heating and cooling, wall heater, separate washer and dryer hook up, extra large master bedroom with full bath, and newly added 2nd full bath. The exterior features driveway and uncovered parking for up to 4 cars, front lawn with auto water sprinklers, dual pane windows through all units, newer roof for back unit, wood fence, and a large back yard with new storm drain. Street parking is free and always available. Purchase include all appliances, ready to move-in or be rented out, bring your investors and large families! Purchases comes with all approved plans and permits. Owner pays water, trash, gardener is highly suggested.

Last Agent to Sell the Property

Jing Li

Treeline Realty & Investment License #01864986 Listed on: 11/13/2018

Treeline Realty & Investment

Co-Listed By

Kevin Li

Treelane Realty Group Inc. License #01905813

Last Buyer's Agent

Francis Ha

IRN Realty License #01840877

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,413 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard
  • Density is 2-5 Units/Acre

Interior Spaces

  • 1,874 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Home Security System

Kitchen

  • Gas Range
  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Whole House Fan
  • Forced Air Zoned Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 11190
  • Assessor Parcel Number 8333020025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $850
  • Maintenance Expense $800
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,250
  • Operating Expense $11,000
  • Gross Income $34,600
  • Net Operating Income $34,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: No
  • Security: Security System
  • Water Sewer Expenses: 1200.00
  • Zoning: POR23000*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8333020025
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, High Ceilings
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 303.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood
  • Heating Type: Central, Zoned, Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air, Zoned, Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Yard
  • Lot Size Sq Ft: 7413.00
  • Lot Size Acres: 0.1702

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 720 Square Feet
  • Average3 Bed Area: 1153 Square Feet
  • Gross Income: 34600.00
  • Gross Operating Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 850.00
  • Lot Size Area: 7413.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 34600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11000.00
  • Rent Control: No
  • Total Expenses: 11000.00

Tax Info

  • New Taxes Expense: 7250.00
  • Tax Census Tract: 4028.03
  • Tax Lot: 4
  • Tax Tract Number: 11190
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2019 01/10/19 Sold $568,000 -2.1% $303 / Sq Ft
12/15/2018 12/15/18 For Sale $580,000 +2.1% $309 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
12/11/2018 12/11/18 Off Market $568,000 -- --
11/13/2018 11/13/18 For Sale $580,000 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18273138

California Regional Multiple Listing Service (CRMLS)