NOT LISTED FOR SALE

712 E Kingsley Ave Pomona, CA 91767

Pomona East Neighborhood
4 Beds
3 Baths
12,778 Sq Ft
0.47 Acres

Last Sold December 13, 2013

Last sale price $1,755,000 $137 Per Sq Ft

17 Days on Market

About This Home

As of December 2013

Built in 1965, the property is situated on a 0.47 acre lot and has approximately 12,778-rentable square feet. The property is a two-story garden-style building with a pitched composition roof. The common area provides the tenants with a privacy entrance/gate, two laundry rooms, covered and garage parking, and mature landscaping located throughout the property. The Kingsley Apartments are compromised of nine two-bedroom/one and one-half bathroom units and eight one-bedroom/one-bathroom units. Please note that one of the one-bedroom units is a non-conforming unit and is master-metered for all utilities. All other units are individually metered for gas and electricity. The owner pays for hot water. 14 of the 17 unit's interiors are upgraded with new flooring. There is an existing loan in place at $1,125,000 fixed interest rate at 3.8% until 10/2017 & loan has to be assumed.

Last Agent to Sell the Property

STEVE HSU

MARCUS & MILLICHAP License #01032768 Listed on: 07/15/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.47 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage
  • 16 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 12,778 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 8337008024

Community Details

Overview

  • 17 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,443
  • Gardener Expense $1,238
  • Insurance Expense $4,215
  • Maintenance Expense $13,600
  • Other Expense $2,829
  • Professional Management Expense $8,326
  • Trash Expense $4,443
  • Water Sewer Expense $4,444
  • New Taxes Expense $21,420
  • Gross Income $14,668
  • Net Operating Income $91,959

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.15
  • Price Per Unit: 105000
  • Professional Management Expense: 8326.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4444.00
  • Property Type: Residential Income
  • Gardener Expense: 1238.00
  • Parcel Number: 8337008024
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 137.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 4443.00
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 20473.00
  • Lot Size Acres: 0.4700

Multi Family

  • Electric Expense: 4443.00
  • Gross Income: 14668.00
  • Gross Multiplier: 10.39
  • Gross Scheduled Income: 176018.00
  • Insurance Expense: 4215.00
  • Lot Size Area: 0.4700 Acres
  • Maintenance Expense: 13600.00
  • Net Operating Income: 91959.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 77188.00
  • Other Expense: 2829.00
  • Other Expense Description: DA
  • Rent Control: No
  • Vacancy Allowance: 6871

Tax Info

  • New Taxes Expense: 21420.00
  • Tax Year: 2012

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
12/13/2013 12/13/13 Sold $1,755,000 -1.7% $137 / Sq Ft
08/01/2013 08/01/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $1,785,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    STEVE HSU

    MARCUS & MILLICHAP

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,795 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13139177

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pomona 91767 Pomona East

712 E Kingsley Ave, Pomona, CA

This home is located at 712 E Kingsley Ave, Pomona, CA 91767 since 15 July 2013. This property was built in 1965. 712 E Kingsley Ave is a home located in Los Angeles County with nearby schools including San Antonio Elementary School, Emerson Middle School, 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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