Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
6 in this area
119 Total Sales
816 Weber St Pomona, CA 91768
Ganesha NeighborhoodEstimated Value: $1,419,000 - $1,893,613
11
Beds
9
Baths
5,633
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- 0.44 Acre Lot
- 1-Story Property
- 3-minute walk to Kiwanis Park
- Laundry Room
About This Home
As of November 2023PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 09/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,095
Year Built
- Built in 1984
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Open Parking Spaces
- 10 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,633 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 13 / H
- Tax Tract Number 54
- Assessor Parcel Number 8357003054
- $1,132 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Maintenance Expense $3,750
- Other Expense $750
- Trash Expense $9,040
- Water Sewer Expense $3,300
- New Taxes Expense $16,985
- Operating Expense $36,325
- Gross Income $98,752
- Net Operating Income $69,825
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2023
Closed on
Oct 24, 2023
Sold by
Garvey Family Trust
Bought by
Perez Rosa Maria Mora
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Eduardo Morales
Amberwood Real Estate, Inc.
List Price
$1,425,000
Sold Price
$1,425,000
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,403
Avg. Annual Appreciation
6.59%
Original Mortgage
$926,250
Outstanding Balance
$909,938
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Estimated Equity
$691,488
Purchase Details
Closed on
Dec 31, 2021
Sold by
Garvey Family Trust
Bought by
Garvey Family Trust
Purchase Details
Closed on
Aug 4, 2017
Sold by
Garvey Michael J and Garvey Kathleen A
Bought by
Garvey Michael J and Garvey Kathleen A
Purchase Details
Closed on
Nov 9, 2004
Sold by
Kent Gregg M and Kent Diane M
Bought by
Kent Gregg M and Kent Diane M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Perez Rosa Maria Mora | $1,425,000 | Fidelity National Title | |
| Garvey Family Trust | -- | Tredway Lumsdaine & Doyle Llp | |
| Garvey Michael J | -- | Fidelity Title | |
| Kent Gregg M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Perez Rosa Maria Mora | $926,250 | |
| Previous Owner | Garvey Family Trust | $293,000 | |
| Previous Owner | Garvey Michael J | $381,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $1,425,000 | 0.0% | $253 / Sq Ft |
| 10/03/2023 10/03/23 | Pending | -- | -- | -- |
| 09/18/2023 09/18/23 | For Sale | $1,425,000 | -- | $253 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,095 | $1,453,500 | $918,000 | $535,500 |
| 2024 | $18,095 | $1,425,000 | $900,000 | $525,000 |
| 2023 | $12,591 | $962,891 | $458,726 | $504,165 |
| 2022 | $12,384 | $944,012 | $449,732 | $494,280 |
| 2021 | $12,088 | $925,503 | $440,914 | $484,589 |
| 2020 | $12,058 | $916,014 | $436,393 | $479,621 |
| 2019 | $12,366 | $898,054 | $427,837 | $470,217 |
| 2018 | $11,257 | $880,447 | $419,449 | $460,998 |
| 2017 | $78 | $478,095 | $72,460 | $405,635 |
| 2016 | $6,116 | $468,722 | $71,040 | $397,682 |
| 2015 | $6,073 | $461,682 | $69,973 | $391,709 |
| 2014 | $6,045 | $452,639 | $68,603 | $384,036 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Eduardo Morales
Buyer's Agent in 2023
Eduardo Morales
Amberwood Real Estate, Inc.
(562) 843-4803
1 in this area
82 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23174392
APN: 8357-003-054
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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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