NOT LISTED FOR SALE

580 E Kingsley Ave Pomona, CA 91767

Lincoln Park Neighborhood

Estimated Value: $623,000 - $801,209

4 Beds
3 Baths
1,500 Sq Ft
$470/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $453,000 $302 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,166/month

36 Days on Market

About This Home

As of October 2018

Rare opportunity to own this property with three separate building and on a big lot. All rented to great tenants. Property includes a ALREADY approved plan to build a 500 sqft room addition and a new 2 car garage. The new addition can be rented out as a third separate unit, if want to. After Addition, the total sqft would be close to 2000 sqft and a new two car garage. Take this opportunity to build up at the contractor's cost, and retain the sweet increased equity of the market sqft price. Also the second unit's rent is way below market. Can recapture together to increase your income and equity. The property is located in the beautiful historical location in Pomona.

Last Agent to Sell the Property

Cristopher Lin

Cristopher Lin License #01164479 Listed on: 07/18/2018

Co-Listed By

Steven Chang

RE/MAX Galaxy License #01342782

Last Buyer's Agent

Ives Lopez

Ives Lopez, Broker License #01232368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 0.25 Acre Lot
  • No Common Walls

Parking

  • 1.5 Car Garage

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 8337006005

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Trash Expense $690
  • Water Sewer Expense $690
  • New Taxes Expense $5,500
  • Operating Expense $8,920
  • Gross Income $31,200
  • Net Operating Income $22,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0.25 Acres

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 690.00
  • Zoning: POR4*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8337006005
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 302.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.50
  • Total Parking Spaces: 1.50

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 690.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11097.00

Multi Family

  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 22280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8920.00
  • Rent Control: No
  • Total Actual Rent: 2600.00
  • Total Expenses: 8920.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Census Tract: 4026.00
  • Tax Lot: 2
  • Tax Tract Number: Porter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Sep 26, 2018
Sold by
Lin Hul Lin
Bought by
Lin Christopher Cheng Teh
Seller's Agent
Cristopher Lin
Cristopher Lin
Buyer's Agent
Ives Lopez
Ives Lopez, Broker
List Price
$480,000
Sold Price
$453,000
Premium/Discount to List
-$27,000
-5.62%
Current Estimated Value
$704,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,302
Avg. Annual Appreciation
6.10%
Original Mortgage
$405,000
Outstanding Balance
$351,726
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$352,576

Purchase Details

Listed on
Jul 18, 2018
Closed on
Aug 22, 2018
Sold by
Lin Cristopher Cheng Teh
Bought by
Linares Daisy
Seller's Agent
Cristopher Lin
Cristopher Lin
Buyer's Agent
Ives Lopez
Ives Lopez, Broker
List Price
$480,000
Sold Price
$453,000
Premium/Discount to List
-$27,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$351,726
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$352,576

Purchase Details

Closed on
Oct 11, 2016
Sold by
Cnl King Llc
Bought by
Lin Cristopher Cheng Teh

Purchase Details

Closed on
Nov 24, 2015
Sold by
Ramirez Rosa M
Bought by
Cnl King Llc

Purchase Details

Closed on
Jun 23, 2015
Sold by
Ramirez Rosa M
Bought by
Cnl King Llc

Purchase Details

Closed on
Jun 30, 2000
Sold by
Ramirez Jose A
Bought by
Ramirez Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,544
Interest Rate
8.55%

Purchase Details

Closed on
Oct 6, 1995
Sold by
Gentile Becher Daniel J and Gentile Becher Kathleen
Bought by
Ramirez Jose A and Ramirez Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,122
Interest Rate
7.62%
Mortgage Type
FHA
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
Lin Christopher Cheng Teh -- Stewart Title
Linares Daisy $453,000 Stewart Title
Lin Cristopher Cheng Teh -- Accommodation
Cnl King Llc $307,021 Lawyers Title
Cnl King Llc $307,021 None Available
Ramirez Rosa M -- Orange Coast Title
Ramirez Jose A $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linares Daisy $405,000
Previous Owner Ramirez Rosa M $18,544
Previous Owner Ramirez Jose A $124,122
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $453,000 0.0% $302 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/17/2018 08/17/18 Off Market $453,000 -- --
08/17/2018 08/17/18 For Sale $480,000 +6.0% $320 / Sq Ft
08/10/2018 08/10/18 Off Market $453,000 -- --
07/25/2018 07/25/18 For Sale $480,000 +6.0% $320 / Sq Ft
07/24/2018 07/24/18 Off Market $453,000 -- --
07/18/2018 07/18/18 For Sale $480,000 -- $320 / 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 $6,487 $505,324 $282,223 $223,101
2024 $6,487 $495,417 $276,690 $218,727
2023 $6,359 $485,704 $271,265 $214,439
2022 $6,261 $476,182 $265,947 $210,235
2021 $6,120 $466,846 $260,733 $206,113
2020 $6,100 $462,060 $258,060 $204,000
2019 $6,254 $453,000 $253,000 $200,000
2018 $4,226 $319,402 $156,060 $163,342
2017 $4,155 $313,140 $153,000 $160,140
2016 $3,968 $307,000 $150,000 $157,000
2015 $2,324 $172,765 $89,839 $82,926
2014 -- $169,382 $88,080 $81,302
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Cristopher Lin

    Cristopher Lin

    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Steven Chang

    RE/MAX

    7 Total Sales

    Steven Chang
    Section Image
  • Ives Lopez

    Buyer's Agent in 2018

    Ives Lopez

    Ives Lopez, Broker

    (909) 730-2545

    27 Total Sales

    Ives Lopez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18173531

California Regional Multiple Listing Service (CRMLS)

APN: 8337-006-005

California Los Angeles County Pomona 91767 Lincoln Park

580 E Kingsley Ave, Pomona, CA

Not Listed for Sale

MultiFamily

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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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