NOT LISTED FOR SALE

2161 N Towne Ave Pomona, CA 91767

Pomona Valley Neighborhood
5 Beds
4 Baths
12,298 Sq Ft
0.39 Acres

Last Sold April 27, 2021

Last sale price $2,400,000 $195 Per Sq Ft

2 Days on Market

Highlights

  • 0.39 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of April 2021

EXCELLENT INVESTMENT OPPORTUNITY, CLEAN AND VERY WELL MAINTAINED 12 UNITS APT.LOCATES IN THE HIGHT DEMAND RENTAL AREA,GREAT MIX INCLUDES 2-3 BEDS/2BATHS AND 10-2BEDS/2BATHS, ALL DOWNSTAIRS UNITS HAVE LARGE PRIVATE PATIOS, 1 CAR GARAGE FOR EACH UNIT,LARGE COURTYARD,EACH UNIT HAS THEIR INDIVIDUALLY ELECTRIC & GAS METER. 100% OCCUPIED WITH STABLE TENANTS, CURRENT RENT IS UNDER MARKET RENT, PLENTY ROOM FOR RENT INCREASE. CONVENIENCE LOCATION BLOCKS FROM 10 FWY,CLOSED TO SHOPPING CENTER,RESTAURANTS AND SCHOOL. PLEASE DO NOT DISTURB TENANTS!!! PROPERTY WILL BE SOLD AS IS PRESENT CONDITION. DRIVE BY ONLY. MOTIVATED SELLER.

Last Agent to Sell the Property

Steven Chang

RE/MAX Galaxy License #01342782 Listed on: 04/06/2021

RE/MAX Galaxy

Last Buyer's Agent

Rao Yalamanchili

Positive Investments License #00530548

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre
  • 8365-010-011

Parking

  • 12 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 12,298 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 18532
  • Assessor Parcel Number 8365010010

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,550
  • Fuel Expense $3,616
  • Insurance Expense $4,890
  • Trash Expense $4,500
  • Water Sewer Expense $8,382
  • New Taxes Expense $26,400
  • Operating Expense $47,465
  • Gross Income $162,720
  • Net Operating Income $115,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

12

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 8382.00
  • Zoning: POR3*
  • Property Type: Residential Income
  • Parcel Number: 8365010010
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 195.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 4500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8365-010-011
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17060.00
  • Lot Size Acres: 0.3916

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1550.00
  • Fuel Expense: 3616.00
  • Gross Income: 162720.00
  • Gross Scheduled Income: 162720.00
  • Insurance Expense: 4890.00
  • Lot Size Area: 17060.0000 Square Feet
  • Net Operating Income: 115255.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 47465.00
  • Rent Control: No
  • Total Expenses: 47465.00

Tax Info

  • New Taxes Expense: 26400.00
  • Tax Census Tract: 4021.02
  • Tax Lot: 8
  • Tax Tract Number: 18532

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $2,400,000 0.0% $195 / Sq Ft
04/06/2021 04/06/21 For Sale $2,400,000 -- $195 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steven Chang

    RE/MAX

    1 in this area

    7 Total Sales

    Steven Chang
    Section Image

  • R

    Buyer's Agent in 2021

    Rao Yalamanchili

    Positive Investments

    (813) 615-1282

    1 in this area

    18 Total Sales

    Rao Yalamanchili
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21070956

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pomona 91767 Pomona Valley

2161 N Towne Ave, Pomona, CA

This home is located at 2161 N Towne Ave, Pomona, CA 91767 since 06 April 2021. This property was built in 1962. 2161 N Towne Ave is a home located in Los Angeles County with nearby schools including San Jose Elementary School, Palomares Academy Of Health Science, and Pomona High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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