$1,150,000
SOLD MAY 12, 2021
6 Beds
3 Baths
4,370 Sq Ft
7,807 Sq Ft Lot

Recently Sold

$263 Per Sq Ft

28% Below List Price

106 Days on Market

Highlights

  • End Unit
  • No HOA
  • Laundry Room
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Level Lot

About This Home

As of January 2025

Excellent 5 unit apartment building. Four of the units have been renovated with new Kitchens, Bathrooms, AC, Lighting, Flooring, and Copper Plumbing. We only increase the rent when we a new tenant moves in, so the rents are low. All tenants have always paid their rent to date with no exclusion, all tenants are current. There is a Laundry Room and we own the equipment which provides additional income. We prefer to sell this as a package deal along with 602 Karesh, Pomona just around the corner.

Last Agent to Sell the Property

Steve Martinson

Certified Home Mortgage Inc License #00882389 Listed on: 01/07/2021

Last Buyer's Agent

Lily Wang

KO TAI REALTY License #01321428

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,807 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 4,370 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 20535
  • Assessor Parcel Number 8323029026

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $650
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Pest Control $600
  • Trash Expense $2,500
  • Water Sewer Expense $1,800
  • New Taxes Expense $14,375
  • Operating Expense $22,275
  • Gross Income $86,400
  • Net Operating Income $62,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: POR301
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8323029026
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall, End Unit
  • Levels: Two
  • Price Per Square Foot: 263.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 7807.00
  • Lot Size Acres: 0.1792

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 650.00
  • Gross Income: 86400.00
  • Gross Operating Income: 82320.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 7807.0000 Square Feet
  • Net Operating Income: 62445.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Number With Range: 5
  • Operating Expense: 22275.00
  • Rent Control: Yes
  • Total Actual Rent: 7000.00
  • Total Expenses: 22275.00
  • Vacancy Allowance: 1680

Tax Info

  • New Taxes Expense: 14375.00
  • Tax Census Tract: 4027.02
  • Tax Lot: 13
  • Tax Tract Number: 20535

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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
07/27/2025 07/27/25 For Rent $1,850 -15.9% --
06/19/2025 06/19/25 For Rent $2,200 -18.5% --
01/24/2025 01/24/25 Rented $2,700 0.0% --
01/18/2025 01/18/25 For Rent $2,700 0.0% --
01/10/2025 01/10/25 Sold $1,440,000 -4.0% $330 / Sq Ft
12/25/2024 12/25/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $1,500,000 0.0% $343 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
06/23/2023 06/23/23 For Sale $1,500,000 +30.4% $343 / Sq Ft
05/12/2021 05/12/21 Sold $1,150,000 -2.0% $263 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $1,174,000 -6.0% $269 / Sq Ft
01/29/2021 01/29/21 Price Changed $1,249,000 -21.9% $286 / Sq Ft
01/07/2021 01/07/21 For Sale $1,599,000 +178.1% $366 / Sq Ft
03/21/2014 03/21/14 Sold $575,000 -4.2% $132 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
12/12/2013 12/12/13 For Sale $599,900 -- $137 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21004137

California Regional Multiple Listing Service (CRMLS)