Seller's Agent in 2020
JESSIE RODRIGUEZ
Cal American Homes
(909) 559-0815
474 Total Sales
285 W Center St Pomona, CA 91768
Downtown Pomona Neighborhood
9
Beds
9
Baths
5,625
Sq Ft
7,481
Sq Ft Lot
About This Home
As of March 2020Proforma Cap Rate 6.11%! Located in an Opportunity Zone!
We are pleased to present the opportunity to acquire 285 West Center Street, a 9-unit apartment building located in Pomona, California. The property is situated on a .17 acre corner lot and has a building size of 7,488 square feet. The building consists of (eight) one bedroom/one bathroom floorplans and (one) one bedroom/one and a half bathroom floorplans with an average size of approximately 625 square feet. Five of the units have been extensively renovated and feature new plank flooring, newly remodeled kitchens with new cabinets, quartz countertops, plumbing, electrical, tiled bathroom walls and flooring, new bathroom vanities and fixtures. The property features a fenced concrete paved parking area and a pitched roof. Select units feature front porches and all the units are individually metered for gas and electricity.
Center Street Apartments are an excellent opportunity for an investor looking to acquire value-add assets in an outstanding location poised for continued growth.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1914
Lot Details
- 7,481 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Home Design
- 5,625 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Listing and Financial Details
- Legal Lot and Block 15 / 156
- Tax Tract Number 4088
- Assessor Parcel Number 8336023011
Community Details
Overview
- 9 Units
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $572
- Fuel Expense $2,160
- Gardener Expense $1,200
- Insurance Expense $4,380
- Maintenance Expense $4,917
- Pest Control $550
- Trash Expense $1,800
- Water Sewer Expense $4,320
- New Taxes Expense $19,698
- Operating Expense $39,997
- Gross Income $108,178
- Net Operating Income $62,181
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2020 03/09/20 | Sold | $1,420,000 | 0.0% | $252 / Sq Ft |
| 01/20/2020 01/20/20 | Rented | $1,100 | 0.0% | -- |
| 01/14/2020 01/14/20 | For Rent | $1,100 | -4.3% | -- |
| 01/09/2020 01/09/20 | Rented | $1,150 | 0.0% | -- |
| 12/20/2019 12/20/19 | For Sale | $1,488,888 | 0.0% | $265 / Sq Ft |
| 12/18/2019 12/18/19 | For Rent | $1,150 | -4.2% | -- |
| 11/27/2019 11/27/19 | Rented | $1,200 | +9.1% | -- |
| 11/04/2019 11/04/19 | Price Changed | $1,100 | -8.3% | $2 / Sq Ft |
| 10/14/2019 10/14/19 | For Rent | $1,200 | 0.0% | -- |
| 07/23/2018 07/23/18 | Sold | $1,035,000 | +7.3% | $138 / Sq Ft |
| 05/17/2018 05/17/18 | For Sale | $965,000 | 0.0% | $129 / Sq Ft |
| 05/14/2018 05/14/18 | Pending | -- | -- | -- |
| 04/19/2018 04/19/18 | For Sale | $965,000 | -- | $129 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
JESSIE RODRIGUEZ
-
David Covarrubias
Seller's Agent in 2020
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
46 Total Sales
-
Douglas McCauley
Seller Co-Listing Agent in 2020
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
44 Total Sales
-
Sean Hwangbo
Buyer's Agent in 2020
Sean Hwangbo
RE/MAX
(909) 456-3400
39 Total Sales
-
Vincent Medina
Seller's Agent in 2018
Vincent Medina
Lotus Property Services, Inc.
(626) 582-8001
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19284002
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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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