NOT LISTED FOR SALE

601 Wisconsin St Pomona, CA 91768

Lincoln Park Neighborhood
15 Beds
15 Baths
12,915 Sq Ft
0.46 Acres

Last Sold April 05, 2024

Last sale price $4,100,000 $317 Per Sq Ft

58 Days on Market

About This Home

As of April 2024

6.15% CAP Rate!...11.73 GRM!...Turn-Key Asset!...Need we say more? We are pleased to exclusively offer for sale this 15 unit multi-family asset in the city of Pomona. Recent property improvements include: 12 of the 15 rental units have been totally remodeled consisting of recessed lighting throughout, lavish kitchens with natural stone counters & shaker style cabinetry, new range ovens, new wood laminate flooring throughout, fully remodeled restrooms with modern vanity and fiberglass shower surround, new mirrored wardrobe closets, and new wall A/C & heater installed. ALL rental units received new entry doors, new dual pane windows, and copper plumbing throughout. The unit mix consists of 1(2Bed+Den/1.5Bths), 7(2Bed/1.5Bths), and 7(1Bed/1Baths). Tenants enjoy onsite car-port parking, private gated entry with remote, and an onsite laundry facility which is technologically equipped and App-Enabled. Priced at a current 6.15% CAP Rate and 11.73 GRM (based on current rental income) this property offers a new investor not only a significant cash return on Day 1, but an investment property that has been meticulously maintained with little future maintenance required.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 12/06/2023

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 12/06/2023

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 12,915 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Bathrooms

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 181
  • Tax Tract Number 19
  • Assessor Parcel Number 8340018019
  • $3,696 per year additional tax assessments

Community Details

Building Details

  • 15 Leased Units
  • Rent Control
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $552
  • Fuel Expense $4,200
  • Insurance Expense $7,500
  • Maintenance Expense $10,875
  • Other Expense $2,250
  • Trash Expense $5,621
  • Water Sewer Expense $6,100
  • New Taxes Expense $48,796
  • Operating Expense $85,894
  • Gross Income $349,519
  • Net Operating Income $253,140

Additional Features

  • 15 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 273333
  • Property Attached: Yes
  • Water Sewer Expenses: 6100.00
  • Zoning: POT3VV
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8340018019
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 317.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Inside
  • Sewer: Public Sewer
  • Trash Expense: 5621.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19981.00
  • Lot Size Acres: 0.4587

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 552.00
  • Fuel Expense: 4200.00
  • Gross Income: 349519.00
  • Gross Operating Income: 339034.00
  • Gross Scheduled Income: 349519.00
  • Insurance Expense: 7500.00
  • Laundry Income: 2400.00
  • Lot Size Area: 19981.0000 Square Feet
  • Maintenance Expense: 10875.00
  • Net Operating Income: 253140.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 85894.00
  • Other Expense: 2250.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 28926.00
  • Total Expenses: 85894.00
  • Vacancy Allowance: 10486

Tax Info

  • New Taxes Expense: 48796.00
  • Tax Block: 181
  • Tax Census Tract: 4023.03
  • Tax Lot: 7
  • Tax Tract Number: 019
  • TaxOtherAnnualAssessmentAmount: 3696.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $4,100,000 0.0% $317 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $4,100,000 0.0% $317 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $4,100,000 +24.2% $317 / Sq Ft
08/08/2019 08/08/19 Sold $3,300,000 0.0% $256 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $3,300,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2024

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    120 Total Sales

    Kristopher German
    Section Image

  • T

    Seller Co-Listing Agent in 2019

    Tigran Grigoryan

    RE/MAX

  • Joshua Barut

    Buyer's Agent in 2019

    Joshua Barut

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    34 Total Sales

    Joshua Barut
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23221841

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pomona 91768 Lincoln Park

601 Wisconsin St, Pomona, CA

This home is located at 601 Wisconsin St, Pomona, CA 91768 since 06 December 2023. This property was built in 1963. 601 Wisconsin St is a home located in Los Angeles County with nearby schools including Abraham Lincoln Elementary School, Palomares Academy Of Health Science, and Pomona High School.

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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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