Seller's Agent in 2021
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
127 Total Sales
582 W 3rd St Pomona, CA 91766
Downtown Pomona Neighborhood
6
Beds
6
Baths
3,999
Sq Ft
8,675
Sq Ft Lot
About This Home
As of October 2021We are pleased to exclusively offer for sale this excellent "fix and flip" opportunity located in the city of Pomona. The asset consists of (1) 2 Bedroom/1Bathroom, (4) 1 Bedroom/1 Bathroom, & (1) Studio apartment spread across 2 separate structures. The property is located in the Downtown Pomona District in proximity to the metro station, Western University, and restaurants/entertainment. This area of Pomona has seen a tremendous amount of increase in the rental market with respect to demand and rental rates. In its current condition, an investor can take advantage of an attractive $132K Price Per Unit with huge upside potential. The property is separately metered for gas and electricity which is rare to find in vintage assets of the like. Two of the six units will be delivered vacant upon the close of escrow allowing an investor to start renovation immediately. The subject property is in need of extensive rehab and repair which may consist of foundation work as well (buyer and buyer's agent to do their own due diligence).
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 09/23/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1911
Lot Details
- 8,675 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 3,999 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 1 Open Parking Space
- 2 Parking Spaces
- 1 Carport Space
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4 / 59
- Tax Tract Number 5
- Assessor Parcel Number 8341006005
- $6,074 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 4 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Maintenance Expense $3,000
- Other Expense $900
- Trash Expense $2,160
- Water Sewer Expense $2,100
- New Taxes Expense $9,302
- Operating Expense $19,062
- Gross Income $34,200
- Net Operating Income $14,112
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2021 10/25/21 | Sold | $750,000 | -5.7% | $188 / Sq Ft |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- |
| 09/23/2021 09/23/21 | For Sale | $795,000 | -- | $199 / 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 | $15,830 | $795,905 | $636,724 | $159,181 |
| 2024 | $15,830 | $780,300 | $624,240 | $156,060 |
| 2023 | $15,528 | $765,000 | $612,000 | $153,000 |
| 2022 | $15,265 | $750,000 | $600,000 | $150,000 |
| 2021 | $6,962 | $66,086 | $26,472 | $39,614 |
| 2019 | $11,658 | $452,272 | $182,825 | $269,447 |
| 2018 | $6,532 | $63,112 | $25,185 | $37,927 |
| 2016 | $4,058 | $60,433 | $24,208 | $36,225 |
| 2015 | $4,006 | $59,526 | $23,845 | $35,681 |
| 2014 | -- | $58,361 | $23,378 | $34,983 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21210238
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.
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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