$1,320,000
$20K PRICE INCREASE

602 Karesh Ave Pomona, CA 91767

Pomona East Neighborhood

Estimated payment $8,291/month

Total Views 29,180
6 Beds
6 Baths
3,838 Sq Ft
$344 Price per Sq Ft

Highlights

  • End Unit
  • No HOA
  • Wall Furnace
  • Corner Lot
  • Laundry Room

About This Home

Great opportunity for investor . Building square feet : 3838 . Lot size : 6,987 . Nice building with upside potential in the rents.
Tenant pay electricity owner pay gas and water . Property 7 minute drive distance to the Western University of Health Sciences
and American Museum of Ceramic Art and 16 minute drive distance to the Pomona Fairplex and Cal-Poly Pomona . Good location .
There is a laundry room and current owner owns the equipment which provide additional income .

Listing Agent

Lily Wang

KO TAI REALTY Brokerage Phone: 562-869-4248 License #01321428 Listed on: 06/23/2023

KO TAI REALTY

Co-Listing Agent

HSIEN HSU

KO TAI REALTY Brokerage Phone: 562-869-4248 License #01321494

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1960

Lot Details

  • End Unit
  • 1 Common Wall

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 3,838 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 6 Open Parking Spaces
  • 12 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 17170
  • Assessor Parcel Number 8323029001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $451
  • Fuel Expense $3,151
  • Gardener Expense $1,200
  • Insurance Expense $5,121
  • Trash Expense $2,532
  • Water Sewer Expense $2,220
  • New Taxes Expense $13,483
  • Operating Expense $30,064
  • Gross Income $101,940
  • Net Operating Income $70,941

Property Details

Home Type

Condominium

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 5.37
  • Other Phone Description: 562 869-4248
  • Other Phone Number: 310 941 3406
  • Price Per Unit: 220000
  • Property Attached: Yes
  • Water Sewer Expenses: 2220.00
  • Zoning: POR301
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8323029001
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Pomona
  • Common Walls: 1 Common Wall, End Unit
  • Entry Level: 2
  • Price Per Square Foot: 343.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2532.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6987.00
  • Lot Size Acres: 0.1604

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 451.00
  • Fuel Expense: 3151.00
  • Gross Income: 101940.00
  • Gross Multiplier: 12.95
  • Gross Operating Income: 101940.00
  • Gross Scheduled Income: 101940.00
  • Insurance Expense: 5121.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3120.00
  • Lot Size Area: 6987.0000 Square Feet
  • Net Operating Income: 70941.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 30998.00
  • Rent Control: Yes
  • Total Actual Rent: 8235.00
  • Total Expenses: 30064.00

Tax Info

  • New Taxes Expense: 13483.00
  • Tax Lot: 15
  • Tax Tract Number: 17170

Map

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
06/23/2023 06/23/23 Price Changed $1,320,000 +1.5% $344 / Sq Ft
06/23/2023 06/23/23 For Sale $1,300,000 +30.0% $339 / Sq Ft
07/12/2021 07/12/21 Sold $1,000,000 -7.0% $271 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $1,075,000 +106.7% $291 / Sq Ft
06/30/2014 06/30/14 Sold $520,000 0.0% $141 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $520,000 -- $141 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23111970

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pomona 91767 Pomona East

602 Karesh Ave, Pomona, CA

This home is located at 602 Karesh Ave, Pomona, CA 91767 and is currently priced at $1,320,000, approximately $343 per square foot. This property was built in 1960. 602 Karesh Ave is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Emerson Middle School, and Pomona High School.

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.

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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Listing Agent
Lily Wang
Section Image
KO TAI REALTY
(909) 479-5390