NOT LISTED FOR SALE

489 W Holt Ave Pomona, CA 91768

Lincoln Park Neighborhood

Estimated Value: $953,149

8 Beds
5 Baths
2,717 Sq Ft
$351/Sq Ft Est. Value

Last Sold August 13, 2018

Last sale price $560,000 $206 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,830/month

32 Days on Market

About This Home

As of August 2018

Live Auction! Bidding to start at $345,000. Seller owned. Not bank owned. Not distressed. Fantastic investment property! Perfect opportunity for the contractor/investor buyer. Located on a high traffic street this property is zoned both commercial and residential. Zoning: POC4 and CSP - Corridors Specific Plan. This specific plan allows mixed use, commercial, office and multi-family development. Two separate buildings, 4 units total with spacious parking in the rear for 15 plus cars. Parking is accessed with alley and a security gate. Great street visibility. Run your business out of one, live above in the other, rent out the other two units. Super cash flow potential! Four units with 4 separate electrical meters provide endless opportunity. Total building area was measured at 2,717 per seller. Assessor records show 2,379. Large lot has potential for expansion. The upstairs unit does have some fire damage. Super location with tremendous income potential! A must see!

Last Agent to Sell the Property

Nathan Gruwell

eXp Realty of California Inc License #01192274 Listed on: 06/16/2018

eXp Realty of California Inc

Last Buyer's Agent

Jimmy Pacheco

M G R REAL ESTATE License #01782576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,109

Year Built

  • Built in 1947

Lot Details

  • 9,437 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,717 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking
  • Controlled Entrance

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 181
  • Assessor Parcel Number 8340018017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,109

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: POC4*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8340018017
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 206.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Controlled Entrance, Off Street, On Site, Street

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9437.00

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4023.03
  • Tax Lot: 10
  • Tax Tract Number: 181

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
Hightech Floor Covering Inc
Bought by
Hightech Floor Covering Inc
Current Estimated Value
$953,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2018
Closed on
Jul 17, 2018
Sold by
Fouladinejad Saeid
Bought by
Hightech Floor Covering Inc
Seller's Agent
Nathan Gruwell
eXp Realty of California Inc
Buyer's Agent
Jimmy Pacheco
M G R REAL ESTATE
List Price
$345,000
Sold Price
$560,000
Premium/Discount to List
$215,000
62.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
May 9, 2005
Sold by
Fouladinejad Farzaneh
Bought by
Fouladinejad Saeid

Purchase Details

Closed on
Apr 27, 2005
Sold by
Security Fse Twenty Five Inc
Bought by
Fouladinejad Saeid

Purchase Details

Closed on
Feb 14, 2005
Sold by
Etchegaray Guillermo F J
Bought by
Security Fse Twenty Five Inc

Purchase Details

Closed on
Feb 2, 2005
Sold by
Etchegaray Anita R
Bought by
Etchegaray Guillermo F J and Lemon Henderson

Purchase Details

Closed on
Nov 8, 1994
Sold by
Highland Federal Bank Fsb
Bought by
Etchegaray Guillermo F J and Etchegaray Anita R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 19, 1994
Sold by
T D Service Company
Bought by
Highland Federal Bank Fsb and Highland Fsla
Source: Public Records

Range of Values:

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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
Hightech Floor Covering Inc -- Usa National Title
Hightech Floor Covering Inc -- Usa National Title
Hightech Floor Covering Inc $560,000 Wfg National Title Insurance
Fouladinejad Saeid -- --
Fouladinejad Saeid $395,000 Southland Title Company
Security Fse Twenty Five Inc -- --
Etchegaray Guillermo F J -- --
Etchegaray Guillermo F J $130,000 North American Title
Highland Federal Bank Fsb $113,672 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hightech Floor Covering Inc $425,000
Previous Owner Hightech Floor Covering Inc $400,000
Previous Owner Hightech Floor Covering Inc $200,000
Previous Owner Etchegaray Guillermo F J $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2018 08/13/18 Sold $560,000 +62.3% $206 / Sq Ft
07/14/2018 07/14/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $345,000 -- $127 / 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 $8,109 $624,685 $373,696 $250,989
2024 $8,109 $612,437 $366,369 $246,068
2023 $7,952 $600,430 $359,186 $241,244
2022 $7,831 $588,658 $352,144 $236,514
2021 $7,653 $577,117 $345,240 $231,877
2020 $7,629 $571,200 $341,700 $229,500
2019 $7,819 $560,000 $335,000 $225,000
2018 $6,354 $483,892 $306,261 $177,631
2016 $5,962 $465,104 $294,369 $170,735
2015 $5,911 $458,119 $289,948 $168,171
2014 $5,869 $449,146 $284,269 $164,877
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nathan Gruwell

    eXp Realty of California Inc

    Section Image
  • Jimmy Pacheco

    Buyer's Agent in 2018

    Jimmy Pacheco

    M G R REAL ESTATE

    (909) 717-1854

    38 Total Sales

    Jimmy Pacheco
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18144292

California Regional Multiple Listing Service (CRMLS)

APN: 8340-018-017

California Los Angeles County Pomona 91768 Lincoln Park

489 W Holt Ave, Pomona, CA

This home is located at 489 W Holt Ave, Pomona, CA 91768 since 16 June 2018 and is currently estimated at $953,149, approximately $350 per square foot. This property was built in 1947. 489 W Holt Ave is a home located in Los Angeles County with nearby schools including Abraham Lincoln 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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