NOT LISTED FOR SALE

Estimated Value: $1,780,000 - $2,057,276

10 Beds
5 Baths
3,240 Sq Ft
$592/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $1,175,000 $363 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $11,817/month

67 Days on Market

Highlights

  • Property is near a park
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Corner Lot
  • 5 Car Direct Access Garage
  • Laundry Room

About This Home

As of April 2018

Tremendous income opportunity with this remodeled 5 unit complex in Pomona. Each unit has 2 bedrooms and 1 bathroom. Each unit has a single car garage. Fully fenced yard corner lot with great visibility. A units are single story. This is a pride of ownership property. The property and units are professionally maintained. Tenants move out , stick a sign on the fence and you will receive multiple applications with qualified renters within 24 to 48 hours based on the sellers experience. Current rent for the units is 1600 per month vacancy is rare, but no problem replacing a tenant and the increase in rent does make it worth it.

Laundry hook ups for each unit in each garage. All units have automatic garage openers. This makes these units highly desirable. Tenants love them.


Buyer must cooperate with seller on a 1031

Last Agent to Sell the Property

Brian Barr

Coldwell Banker Realty License #00942605 Listed on: 01/04/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,156

Year Built

  • Built in 1961

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinklers Throughout Yard
  • Private Yard
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Asphalt Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 2 / 173
  • Tax Tract Number 4028
  • Assessor Parcel Number 8333004038

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $2,000
  • Other Expense $843
  • Pest Control $572
  • Professional Management Expense $750
  • Trash Expense $5,941
  • Water Sewer Expense $2,398
  • New Taxes Expense $14,000
  • Operating Expense $13,105
  • Net Operating Income $68,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,156

Year Built

Built in 1961

Lot Details

0

Parking

5

Listing Details

  • CapRate: 8.00
  • Other Phone Description: 951 453 6198
  • Professional Management Expense: 750.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2398.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8333004038
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 362.65

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, On Site
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Pest Control Expense: 572.00
  • Sewer: Public Sewer
  • Trash Expense: 5941.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Yard
  • Lot Size Sq Ft: 14163.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 68635.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 7
  • Number With Carpet: 4
  • Number With Disposal: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Number With Refrigerator: 1
  • Operating Expense: 14165.00
  • Other Expense: 843.00
  • Rent Control: No
  • Total Actual Rent: 6900.00
  • Total Expenses: 13105.00
  • Vacancy Allowance: 3

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Block: 173
  • Tax Lot: 2
  • Tax Tract Number: 4028.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2018
Closed on
Mar 12, 2018
Sold by
Brian Barr Inc
Bought by
High Plams Invesrment Llc
Seller's Agent
Brian Barr
Coldwell Banker Realty
Buyer's Agent
Brian Barr
Brian Barr
List Price
$1,197,900
Sold Price
$1,175,000
Premium/Discount to List
-$22,900
-1.91%
Current Estimated Value
$1,906,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,383
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Dec 1, 2003
Sold by
Barr Kim
Bought by
Barr Brian

Purchase Details

Closed on
Jun 11, 2002
Sold by
Ziroli Clement and Ziroli Dawn M
Bought by
Barr Brian and Barr Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 2001
Sold by
Ziroli Corp
Bought by
Ziroli Clement and Ziroli Dawn M

Purchase Details

Closed on
Aug 7, 2000
Sold by
Family Trust Siqueiros Eleanor R Tr Siqueiros
Bought by
Ziroli Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
8.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
High Plams Invesrment Llc $1,175,000 Usa National Title Co
Barr Brian -- --
Barr Brian $200,000 United Title Company
Ziroli Clement -- --
Ziroli Corp $220,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open High Plains Investment Llc $600,000
Previous Owner Barr Brian $250,000
Previous Owner Ziroli Corp $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2018 04/06/18 Sold $1,175,000 -1.9% $363 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $1,197,900 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $17,156 $1,336,945 $739,587 $597,358
2024 $17,156 $1,310,732 $725,086 $585,646
2023 $16,823 $1,285,032 $710,869 $574,163
2022 $16,569 $1,259,836 $696,931 $562,905
2021 $16,205 $1,235,134 $683,266 $551,868
2020 $16,167 $1,222,470 $676,260 $546,210
2019 $16,574 $1,198,500 $663,000 $535,500
2018 $11,573 $858,840 $450,840 $408,000
2016 $4,100 $249,578 $124,789 $124,789
2015 $4,069 $245,830 $122,915 $122,915
2014 $4,075 $241,016 $120,508 $120,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18008333

California Regional Multiple Listing Service (CRMLS)

APN: 8333-004-038