Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
128 Total Sales
3844 E 9th St Pomona, CA 91766
Montclair Area
7
Beds
6
Baths
3,000
Sq Ft
0.31
Acre Lot
About This Home
As of November 2020We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the city of Pomona. The subject property is comprised of 5 detached structures, 4 individual single-story cottage style units, and one duplex style structure, with a unit mix of 1(2bed/1bath), and 5 (1bed/1Bath)s. There is an additional storage unit at rear of garages rented at the rate of $475 per month. The units are situated on a LARGE 13,720 sqft lot and offer ample onsite parking. Buyer and Buyers agent to satisfy themselves as to the legal number of units and legal square footage. Priced currently at a 12.81 GRM and a 5.14% CAP Rate, at entry the subject property offers a lucrative cash return with room for growth at a significant 30+% upside in rental income.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 09/17/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 13,720 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 7 Open Parking Spaces
- 2 Car Garage
Home Design
- 3,000 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tenant pays for gas
- Tax Lot 9
- Tax Tract Number 18
- Assessor Parcel Number 1012211180000
Community Details
Overview
- 7 Buildings
- 6 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,226
- Insurance Expense $1,200
- Maintenance Expense $3,200
- Other Expense $900
- Trash Expense $2,500
- Water Sewer Expense $3,500
- New Taxes Expense $11,657
- Operating Expense $24,183
- Gross Income $77,700
- Net Operating Income $51,186
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
Closed on
Sep 30, 2021
Sold by
Bought by
Purchase Details
Listed on
Sep 17, 2020
Closed on
Oct 19, 2020
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Purchase Details
Closed on
May 17, 2018
Sold by
Bought by
Purchase Details
Closed on
Jun 29, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,143
Interest Rate
0.0582%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Orange Coast Title Co | ||
| $950,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| $181,000 | Commonwealthlandtitle Glenda |
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 | $17,266,894 | ||
| Previous Owner | $49,143 |
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 |
|---|---|---|---|---|
| 11/10/2020 11/10/20 | Sold | $950,000 | -4.5% | $317 / Sq Ft |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- |
| 09/25/2020 09/25/20 | For Sale | $995,000 | 0.0% | $332 / Sq Ft |
| 09/19/2020 09/19/20 | Pending | -- | -- | -- |
| 09/17/2020 09/17/20 | For Sale | $995,000 | -- | $332 / 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 | $11,368 | $1,048,877 | $276,020 | $772,857 |
| 2025 | $11,368 | $1,028,311 | $270,608 | $757,703 |
| 2024 | $11,111 | $1,008,148 | $265,302 | $742,846 |
| 2023 | $10,799 | $988,380 | $260,100 | $728,280 |
| 2022 | $10,656 | $969,000 | $255,000 | $714,000 |
| 2021 | $10,589 | $950,000 | $250,000 | $700,000 |
| 2020 | $2,630 | $230,695 | $122,358 | $108,337 |
| 2019 | $2,608 | $663,000 | $234,600 | $428,400 |
| 2018 | $2,572 | $221,740 | $117,608 | $104,132 |
| 2017 | $2,481 | $217,392 | $115,302 | $102,090 |
| 2016 | $2,386 | $213,129 | $113,041 | $100,088 |
| 2015 | $2,370 | $209,928 | $111,343 | $98,585 |
| 2014 | $2,271 | $205,816 | $109,162 | $96,654 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20194718
APN: 1012-211-18
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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