NOT LISTED FOR SALE

551 E Pasadena St Pomona, CA 91767

Pomona East Neighborhood

Estimated Value: $604,000 - $822,898

4 Beds
2 Baths
1,914 Sq Ft
$369/Sq Ft Est. Value

Last Sold January 14, 2019

Last sale price $425,000 $222 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,208/month

2 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Cooling Available

About This Home

As of January 2019

DUPLEX!! DUPLEX!! Excellent for an investor, 2 houses on a lot, each house has 2 bedrooms and 1 bath. Units are currently rented with long-term tenants. Great for an investor or someone looking for an income potential property as an owner occupant. Very quiet neighborhood. Please do not disturb occupants. Shown by appointment only.

Last Agent to Sell the Property

GLADYS LOPEZ

KELLER WILLIAMS EMPIRE ESTATES License #01448292 Listed on: 12/02/2018

KELLER WILLIAMS EMPIRE ESTATES

Last Buyer's Agent

ERICK GUZMAN

RE/MAX TOP PRODUCERS License #01909877

RE/MAX TOP PRODUCERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1937

Lot Details

  • 8,987 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,914 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Cooling Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 6
  • Tax Tract Number 4026
  • Assessor Parcel Number 8337010006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $480
  • Water Sewer Expense $820
  • New Taxes Expense $860
  • Operating Expense $3,000
  • Gross Income $19,200
  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1937

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 820.00
  • Zoning: POR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8337010006
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 222.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8987.00
  • Lot Size Acres: 0.2063

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 19200.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 750.00
  • Lot Size Area: 8987.0000 Square Feet
  • Net Operating Income: 16200.00
  • 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: 3000.00
  • Rent Control: No
  • Total Expenses: 3000.00

Tax Info

  • New Taxes Expense: 860.00
  • Tax Area: 7790
  • Tax Census Tract: 4026.00
  • Tax Lot: 6
  • Tax Rate: 7790.00
  • Tax Tract Number: 4026
  • Tax Annual Amount: 860.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2018
Closed on
Dec 28, 2018
Sold by
Nunez Melissa Maire
Bought by
Guzman Erick Humberto
Seller's Agent
GLADYS LOPEZ
KELLER WILLIAMS EMPIRE ESTATES
Buyer's Agent
ERICK GUZMAN
RE/MAX TOP PRODUCERS
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%
Current Estimated Value
$706,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,225
Avg. Annual Appreciation
7.57%
Original Mortgage
$403,750
Outstanding Balance
$355,712
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$350,513

Purchase Details

Listed on
Dec 2, 2018
Closed on
Dec 12, 2018
Sold by
Bushman Jo Ann and Jo Ann Bushman Revocable Trust
Bought by
Guzman Erick Humberto
Seller's Agent
GLADYS LOPEZ
KELLER WILLIAMS EMPIRE ESTATES
Buyer's Agent
ERICK GUZMAN
RE/MAX TOP PRODUCERS
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Outstanding Balance
$355,712
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$350,513

Purchase Details

Closed on
Jul 25, 2008
Sold by
Bushman Jo Ann
Bought by
Bushman Jo Ann and The Jo Ann Bushman Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Guzman Erick Humberto -- Pacific Coast Title Co
Guzman Erick Humberto $425,000 Pacific Coast Title Co
Bushman Jo Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Erick Humberto $403,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2019 01/14/19 Sold $425,000 -10.5% $222 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
12/02/2018 12/02/18 For Sale $475,000 -- $248 / 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 $6,101 $474,091 $334,654 $139,437
2024 $6,101 $464,796 $328,093 $136,703
2023 $5,980 $455,683 $321,660 $134,023
2022 $5,887 $446,749 $315,353 $131,396
2021 $5,750 $437,990 $309,170 $128,820
2019 $4,623 $38,846 $14,920 $23,926
2018 $873 $38,085 $14,628 $23,457
2016 $809 $36,609 $14,061 $22,548
2015 $804 $36,060 $13,850 $22,210
2014 $815 $35,354 $13,579 $21,775
Source: Public Records

Agents Affiliated with this Home

  • GLADYS LOPEZ

    Seller's Agent in 2019

    GLADYS LOPEZ

    KELLER WILLIAMS EMPIRE ESTATES

    (951) 833-4481

    2 Total Sales

    GLADYS LOPEZ
    Section Image
  • ERICK GUZMAN

    Buyer's Agent in 2019

    ERICK GUZMAN

    RE/MAX

    (909) 618-7247

    1 in this area

    64 Total Sales

    ERICK GUZMAN
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18284955

California Regional Multiple Listing Service (CRMLS)

APN: 8337-010-006

California Los Angeles County Pomona 91767 Pomona East

551 E Pasadena St, Pomona, CA

Not Listed for Sale

MultiFamily

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