NOT LISTED FOR SALE

553 Laurel Ave Pomona, CA 91768

Wilton Heights Historic District Neighborhood

Estimated Value: $732,000 - $1,187,000

8 Beds
4 Baths
3,712 Sq Ft
$268/Sq Ft Est. Value

Last Sold September 04, 2013

Last sale price $493,000 $133 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,857/month

8 Days on Market

Highlights

  • No HOA
  • Living Room
  • Wood Fence
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Carpet

About This Home

As of September 2013

This Income Property is made up of 4 units. It is in move in condition and with good floor plan. Six car garage and coin operated laundry room. Long term tenants. 3 unit tenants rented house for over 18 years. 1 unit tenant rented for over 3 years. easily maintained. each unit is 928 sq ft. all units tenant occupied. Drive By ONLY, offer subject to interior inspections, Don't disturb tenants. excellent investment opportunity.

Last Agent to Sell the Property

Shia Yang

KO TAI REALTY License #01302363 Listed on: 06/17/2013

KO TAI REALTY

Last Buyer's Agent

Crystal Zheng

KW Executive License #01773176

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 7,680 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,712 Sq Ft Home
  • Window Screens
  • Living Room
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 6410
  • Assessor Parcel Number 8340020004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Gardener Expense $360
  • Insurance Expense $971
  • Trash Expense $1,080
  • Water Sewer Expense $1,500
  • New Taxes Expense $5,712
  • Gross Income $3,730
  • Net Operating Income $34,448

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 8340020004
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 132.81
  • Room Type: Living Room
  • Window Features: Screens

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 1080.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7680.00
  • Lot Size Acres: 0.1760

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 928
  • Electric Expense: 396.00
  • Gross Income: 3730.00
  • Gross Scheduled Income: 44760.00
  • Gross Spendable Income: 10312.00
  • Insurance Expense: 971.00
  • Lot Size Area: 7680.0000 Square Feet
  • Net Operating Income: 34448.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10312.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5712.00
  • Tax Lot: 4
  • Tax Tract Number: 06410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2013
Closed on
Aug 26, 2013
Sold by
Liang Xin Cheng and Zhou Mickie Joe
Bought by
Liang Qiang and Feng Youlian
Seller's Agent
Shia Yang
KO TAI REALTY
Buyer's Agent
Crystal Zheng
KW Executive
List Price
$493,000
Sold Price
$493,000
Current Estimated Value
$996,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,667
Avg. Annual Appreciation
5.84%
Original Mortgage
$249,000
Outstanding Balance
$190,972
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$805,695

Purchase Details

Closed on
May 17, 2012
Sold by
Liang Xin Cheng and Zhou Mickie Joe
Bought by
Liang Xin Cheng and Zhou Mickie Joe

Purchase Details

Closed on
Jun 4, 2010
Sold by
Cabell Jeffrey
Bought by
Liang Xin Cheng and Zhou Mickie Joe

Purchase Details

Closed on
Jun 8, 2007
Sold by
Morsi Marwa S
Bought by
Cabell Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2007
Sold by
Leever Edward J and The Edward Jackson & Claudette
Bought by
Cabell Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2004
Sold by
Leever Edward J and The Edward Jackson & Claudette
Bought by
Leever Edward Jackson and Leever Edward Jackson

Purchase Details

Closed on
Sep 3, 2003
Sold by
Leever Edward J and Leever Claudette C
Bought by
Leever Edward Jackson and Leever Claudette Catherine

Purchase Details

Closed on
Mar 8, 1999
Sold by
Leever Edward J
Bought by
Leever Edward J and Leever Claudette C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,800
Interest Rate
6.63%

Purchase Details

Closed on
Jan 13, 1999
Sold by
Leever Edward J and Leever Claudette C
Bought by
Leever Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,800
Interest Rate
6.63%

Purchase Details

Closed on
Dec 17, 1996
Sold by
Leever Edward J
Bought by
Leever Edward J and Leever Claudette C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liang Qiang $498,000 Chicago Title Company
Liang Xin Cheng -- None Available
Liang Xin Cheng $400,000 Ticor Title Tustin Orange Co
Cabell Jeffrey -- Chicago Title
Cabell Jeffrey $659,000 Chicago Title
Leever Edward Jackson -- --
Leever Edward Jackson -- --
Leever Edward J -- Equity Title
Leever Edward J -- Orange Coast Title
Leever Edward J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Qiang $249,000
Previous Owner Cabell Jeffrey $500,000
Previous Owner Leever Edward J $126,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2013 09/04/13 Sold $493,000 0.0% $133 / Sq Ft
06/25/2013 06/25/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $493,000 -- $133 / 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 $8,168 $610,468 $245,166 $365,302
2024 $8,168 $598,499 $240,359 $358,140
2023 $8,010 $586,765 $235,647 $351,118
2022 $7,881 $575,261 $231,027 $344,234
2021 $7,689 $563,983 $226,498 $337,485
2019 $7,844 $547,257 $219,781 $327,476
2018 $7,210 $536,527 $215,472 $321,055
2016 $6,756 $515,695 $207,106 $308,589
2015 $6,700 $507,950 $203,996 $303,954
2014 $6,668 $498,000 $200,000 $298,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Shia Yang

    KO TAI REALTY

    Section Image
  • Crystal Zheng

    Buyer's Agent in 2013

    Crystal Zheng

    KW Executive

    (626) 445-6660

    61 Total Sales

    Crystal Zheng
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13115784

California Regional Multiple Listing Service (CRMLS)

APN: 8340-020-004

California Los Angeles County Pomona 91768 Wilton Heights Historic District

553 Laurel Ave, Pomona, CA

Not Listed for Sale

MultiFamily

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