Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
104 Total Sales
1 in Lincoln Park
$725,000 Price
206 E Alvarado St Pomona, CA 91767
Lincoln Park Neighborhood
1
Bed
2
Baths
14,112
Sq Ft
0.41
Acre Lot
Highlights
- 0.41 Acre Lot
- No HOA
- Laundry Facilities
About This Home
As of January 2020Current Cap Rate of 5.36% and 11.98 GRM.
Proforma Cap Rate of 5.81% and 11.32 GRM.
The Casa Bonita Apartments, a 20 unit investment opportunity located in Pomona, California The asset rests on a 0 40 acre lot and is located South of Interstate 10 and East of Garey Avenue Casa Bonita was built in 1928 updated in 2018 and consists of 8 studio/one bathroom and 12 one bedroom/one bathroom floorplans Along with its Spanish style architecture, the property features gated access that opens to a well manicured courtyard. Approximately 18 units have been updated and feature new vinyl/plank flooring, new kitchen cabinets, countertops and paint.
All units are individually metered for electricity and mastered metered for gas and central water heater. The buildings exterior has recently been painted and features new
landscape and light fixtures. Parking consists of 10 covered/gated spaces that are accessible by way of a rear alley There is also ample on street parking in the front and on the side of the property Laundry is on site and includes two sets of leased washer and dryers.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 17,860 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 14,112 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Additional Features
- Suburban Location
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 001
- Tax Tract Number 5
- Assessor Parcel Number 8336005011
Community Details
Overview
- No Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 20 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $5,000
- Gardener Expense $2,400
- Insurance Expense $4,000
- Maintenance Expense $15,000
- Other Expense $6,000
- Pest Control $1,700
- Professional Management Expense $12,149
- Trash Expense $1,800
- Water Sewer Expense $10,780
- New Taxes Expense $48,375
- Operating Expense $106,250
- Gross Income $307,246
- Net Operating Income $200,996
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2019
Closed on
Dec 4, 2019
Sold by
Yalamanchili Rao and Yalamanchili Indira D
Bought by
Seller's Agent
David Covarrubias
MARCUS & MILLICHAP
Buyer's Agent
Douglas McCauley
MARCUS & MILLICHAP
List Price
$3,999,000
Sold Price
$3,625,000
Premium/Discount to List
-$374,000
-9.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,572,500
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 12, 2018
Sold by
Noland Clifford W
Bought by
Yalamanchili Rao R and Yalamanchili India D
Purchase Details
Closed on
Mar 24, 2003
Sold by
Noland Clifford
Bought by
Noland Clifford W and Clifford W Noland Trust Of 2003
Purchase Details
Closed on
Jan 2, 2003
Sold by
Quihuis Robert Garcia and The Robert Garcia Quihuis Trus
Bought by
Noland Clifford
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2002
Sold by
Quihuis Robert G and Quihuis Robert Garcia
Bought by
Quihuis Robert Garcia and The Robert Garcia Quihuis Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lincoln Park, CA
-
Mario Mariscal
-
Sal Salinas
Sal Salinas
RE/MAX Galaxy
(323) 827-7679
50 Total Sales
1 in Lincoln Park
$720,000 Price
-
Christina Powers
Christina Powers
KW The Lakes
(951) 395-8485
55 Total Sales
1 in Lincoln Park
$550,000 Price
-
Ken Sisson
Ken Sisson
Responds QuicklyChristie's International Real Estate SoCal
(424) 373-6518
32 Total Sales
1 in Lincoln Park
$910,000 Price
-
Mitchell Stein
Mitchell Stein
KW College Park
(424) 332-1466
41 Total Sales
2 in Lincoln Park
$1,200,000 Price Range
-
OMAR MAYORGA
OMAR MAYORGA
RE/MAX MASTERS REALTY
(909) 479-2713
55 Total Sales
1 in Lincoln Park
$969,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,625,000 | First American Title Company | ||
| Yalamanchili Rao R | $2,700,000 | First American Title Company | |
| Noland Clifford W | -- | -- | |
| Noland Clifford | $1,000,000 | Investors Title Company | |
| Quihuis Robert Garcia | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,355,000 | ||
| Previous Owner | Royce John A | $2,572,500 | |
| Previous Owner | Yalamanchili Rao R | $2,625,000 | |
| Previous Owner | Noland Clifford W | $935,000 | |
| Previous Owner | Noland Clifford | $750,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $3,625,000 | -3.3% | $257 / Sq Ft |
| 12/04/2019 12/04/19 | Pending | -- | -- | -- |
| 11/19/2019 11/19/19 | Price Changed | $3,750,000 | -3.8% | $266 / Sq Ft |
| 10/14/2019 10/14/19 | Price Changed | $3,898,000 | -2.5% | $276 / Sq Ft |
| 05/31/2019 05/31/19 | For Sale | $3,999,000 | -- | $283 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $55,104 | $4,043,752 | $2,231,036 | $1,812,716 |
| 2025 | $55,104 | $3,964,464 | $2,187,291 | $1,777,173 |
| 2024 | $50,463 | $3,886,730 | $2,144,403 | $1,742,327 |
| 2023 | $49,474 | $3,810,520 | $2,102,356 | $1,708,164 |
| 2022 | $48,708 | $3,735,805 | $2,061,134 | $1,674,671 |
| 2021 | $47,583 | $3,662,555 | $2,020,720 | $1,641,835 |
| 2020 | $37,651 | $2,812,700 | $2,080,800 | $731,900 |
| 2019 | $38,566 | $2,757,620 | $2,040,000 | $717,620 |
| 2018 | $18,893 | $1,276,506 | $850,290 | $426,216 |
| 2016 | $17,643 | $1,223,460 | $817,273 | $406,187 |
| 2015 | $17,490 | $1,205,083 | $804,997 | $400,086 |
| 2014 | $17,462 | $1,181,478 | $789,229 | $392,249 |
Source: Public Records
Agents Affiliated with this Home
-
David Covarrubias
Seller's Agent in 2020
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
59 Total Sales
-
Douglas McCauley
Seller Co-Listing Agent in 2020
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
56 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19127626
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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