NOT LISTED FOR SALE

248 E Pearl St Pomona, CA 91767

Lincoln Park Neighborhood

Estimated Value: $691,000 - $842,000

2 Beds
2 Baths
2,075 Sq Ft
$370/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $450,000 $217 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,591/month

58 Days on Market

About This Home

As of June 2018

Stop the car, great investment property. This Spanish charmer is just what you've been looking for. Each unit has 1 bedroom 1 bath, both with huge living rooms and big kitchens. 1 unit has a study that an easily be a 2nd bedroom. The property also features a 2 car garage with a bonus/storage room attached. All this on a big lot with a big backyard.

Last Agent to Sell the Property

Alfonso Vasquez

SO CAL REALTY & LOANS License #01259293 Listed on: 01/30/2018

Last Buyer's Agent

Jesse Reyes

Re/Max Top Producers License #01507176

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,618 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 2,075 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 1111
  • Assessor Parcel Number 8336018014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $40
  • Water Sewer Expense $80
  • New Taxes Expense $5,862
  • Operating Expense $6,782
  • Net Operating Income $24,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 80.00
  • Zoning: POR4YY
  • Property Type: Residential Income
  • Parcel Number: 8336018014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 216.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8618.00

Multi Family

  • Gross Scheduled Income: 25800.00
  • Insurance Expense: 800.00
  • Net Operating Income: 24300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1500.00
  • Rent Control: No
  • Total Expenses: 6782.00

Tax Info

  • New Taxes Expense: 5862.00
  • Tax Census Tract: 4026.00
  • Tax Lot: 15
  • Tax Tract Number: 1111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Jesse Reyes
Bought by
Reyes Jesse
Current Estimated Value
$768,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2019
Sold by
Reyes Cora Yvette
Bought by
Reyes Jesse

Purchase Details

Closed on
Jun 6, 2019
Sold by
Golden Springs Property Investments Llc
Bought by
Reyes Jesse

Purchase Details

Listed on
Jan 30, 2018
Closed on
Jun 9, 2018
Sold by
Navarro Angel
Bought by
Golden Springs Property Investments Llc
Seller's Agent
Alfonso Vasquez
SO CAL REALTY & LOANS
Buyer's Agent
Jesse Reyes
Re/Max Top Producers
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$382,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2016
Sold by
Navarro Aaron
Bought by
Navarro Angel and Navarro Aaron

Purchase Details

Listed on
Jan 20, 2015
Closed on
Mar 5, 2015
Sold by
Bithell Warren P
Bought by
Navarro Aaron
Seller's Agent
Esther Leija
Synergy Real Estate
Buyer's Agent
RAEDINE BACA
SO CAL REALTY & LOANS
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%
Original Mortgage
$247,500
Interest Rate
3.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Reyes Jesse -- Chicago Title
Reyes Jesse -- Chicago Title Company
Reyes Jesse -- Accommodation
Reyes Jesse -- Chicago Title Company
Golden Springs Property Investments Llc $450,000 Old Republic Title
Navarro Angel -- None Available
Navarro Aaron $330,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Jesse $380,000
Previous Owner Golden Springs Property Investments Llc $382,500
Previous Owner Navarro Aaron $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2018 06/15/18 Sold $450,000 -4.1% $217 / Sq Ft
03/29/2018 03/29/18 Pending -- -- --
02/09/2018 02/09/18 Price Changed $469,000 -6.0% $226 / Sq Ft
01/30/2018 01/30/18 For Sale $499,000 +51.2% $240 / Sq Ft
03/06/2015 03/06/15 Sold $330,000 -5.4% $159 / Sq Ft View Prior Sale
02/02/2015 02/02/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $349,000 -- $168 / 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 $6,940 $544,368 $365,888 $178,480
2024 $6,940 $533,695 $358,714 $174,981
2023 $6,803 $523,231 $351,681 $171,550
2022 $6,698 $512,973 $344,786 $168,187
2021 $6,543 $502,916 $338,026 $164,890
2020 $6,522 $497,760 $334,560 $163,200
2019 $347 $459,000 $306,000 $153,000
2018 $4,596 $348,564 $158,438 $190,126
2016 $4,308 $335,032 $152,287 $182,745
2015 $1,856 $125,032 $31,078 $93,954
2014 $1,857 $122,584 $30,470 $92,114
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alfonso Vasquez

    SO CAL REALTY & LOANS

    (626) 214-0290

    39 Total Sales

    Alfonso Vasquez
    Section Image
  • Jesse Reyes

    Buyer's Agent in 2018

    Jesse Reyes

    RE/MAX

    (626) 926-6130

    1 in this area

    35 Total Sales

    Jesse Reyes
    Section Image

  • E

    Seller's Agent in 2015

    Esther Leija

    Synergy Real Estate

    Section Image
  • RAEDINE BACA

    Buyer's Agent in 2015

    RAEDINE BACA

    SO CAL REALTY & LOANS

    (626) 214-0290

    46 Total Sales

    RAEDINE BACA
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18023267

California Regional Multiple Listing Service (CRMLS)

APN: 8336-018-014

California Los Angeles County Pomona 91767 Lincoln Park

248 E Pearl St, Pomona, CA

Not Listed for Sale

MultiFamily

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