NOT LISTED FOR SALE

Estimated Value: $606,000 - $700,000

4 Beds
2 Baths
3,920 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $755,000 $193 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,811/month

47 Days on Market

About This Home

As of June 2016

The Seventh Street Apartments are located at 562 E 7th St, in Pomona, California. Built in 1987 and situated on approximately 0.18 acres of land this property is comprised of 100% two-bedroom units. The property offers tenants garages for storage in addition to the units being individually metered for gas and electricity.

Last Agent to Sell the Property

John Stephens

KW COMMERCIAL License #01238307 Listed on: 02/22/2016

KW COMMERCIAL

Last Buyer's Agent

John Stephens

KW COMMERCIAL License #01238307 Listed on: 02/22/2016

KW COMMERCIAL

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,838 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 8 Car Garage

Home Design

  • 3,920 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 4028
  • Assessor Parcel Number 8335028011

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,502
  • Professional Management Expense $1,951
  • Trash Expense $1,251
  • Water Sewer Expense $1,251
  • New Taxes Expense $9,467
  • Gross Income $4,600
  • Net Operating Income $27,784

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

7,838 Sq Ft Lot

Parking

8

Listing Details

  • Professional Management Expense: 1951.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1251.00
  • Property Type: Residential Income
  • Parcel Number: 8335028011
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 192.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1251.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7838.00
  • Price Per Lot Square Foot: 96.33
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 4600.00
  • Gross Scheduled Income: 54542.00
  • Insurance Expense: 2502.00
  • Lot Size Area: 7838.0000 Square Feet
  • Net Operating Income: 27784.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 26758.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9467.00
  • Tax Lot: 2
  • Tax Tract Number: 4028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2015
Sold by
Tyson Katherine M
Bought by
Tyson Katherine M and Kmt Trust
Current Estimated Value
$652,090

Purchase Details

Closed on
Apr 14, 2014
Sold by
Spinnaker Holdings Inc
Bought by
Tyson Katheirne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2013
Closed on
Nov 27, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Spinnaker Holdings Inc
Seller's Agent
Sin-Yi Lambertson
Yes! Property Management And Loans
Buyer's Agent
CAROL SAUNDERS
KALEO REAL ESTATE COMPANY
List Price
$189,900
Sold Price
$167,000
Premium/Discount to List
-$22,900
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%
Original Mortgage
$175,000
Interest Rate
4.04%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 19, 2013
Sold by
Rogers Fredrick C
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 6, 2005
Sold by
Havens Mary E
Bought by
Rogers Fredrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2001
Sold by
Andre Deidre
Bought by
Andre James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tyson Katherine M -- None Available
Tyson Katheirne M $290,000 Pacific Coast Title Company
Spinnaker Holdings Inc $167,000 Pacific Coast Title Company
Federal Home Loan Mortgage Corporation $207,519 Pacific Coast Title
Rogers Fredrick C $350,000 California Title Company
Andre James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tyson Katheirne M $189,500
Previous Owner Spinnaker Holdings Inc $175,000
Previous Owner Rogers Fredrick C $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2016 06/24/16 Sold $755,000 -5.0% $193 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $795,000 +174.1% $203 / Sq Ft
06/16/2014 06/16/14 Sold $290,000 -3.0% $201 / Sq Ft View Prior Sale
04/07/2014 04/07/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $299,000 +79.0% $207 / Sq Ft
12/11/2013 12/11/13 Sold $167,000 -12.1% $116 / Sq Ft View Prior Sale
11/12/2013 11/12/13 Pending -- -- --
10/24/2013 10/24/13 For Sale $189,900 -- $132 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,570 $355,489 $218,933 $136,556
2024 $4,570 $348,520 $214,641 $133,879
2023 $4,479 $341,687 $210,433 $131,254
2022 $4,408 $334,988 $206,307 $128,681
2021 $4,306 $328,420 $202,262 $126,158
2019 $4,397 $318,681 $196,264 $122,417
2018 $4,086 $312,433 $192,416 $120,017
2016 $3,834 $300,303 $184,946 $115,357
2015 $3,801 $295,793 $182,168 $113,625
2014 $2,354 $167,000 $80,000 $87,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16036547

California Regional Multiple Listing Service (CRMLS)

APN: 8341-014-036

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