NOT LISTED FOR SALE

883 E Kingsley Ave Pomona, CA 91767

Pomona East Neighborhood

Estimated Value: $923,000 - $1,282,000

3 Beds
2 Baths
4,619 Sq Ft
$226/Sq Ft Est. Value

Last Sold February 26, 2013

Last sale price $3,215,000 $696 Per Sq Ft

Current estimated payment $6,319/month

30 Days on Market

About This Home

As of February 2013

Available as Back up offer only. Call Broker for details.

For sale are 7 separate buildings with a 4 unit mix. A total of 28 units for sale. All single story buildings and 100 percent occupied. Positive potential to upside in rents. 5 separate buildings are known as Santos Antonio Apartments while two separate buildings are on Alvarado St. The same unit mix for the Alvarado buildings are 4 units with one 3/2 and three 2/2. All units have 2 bathrooms, which is more desirable. Each building has two car garages as well as street parking. Very quite streets and quick access to 10 freeway. Long term tenants, low turnover. Long term Sellers. Have owned the property for over 30 years. Sellers are motivated. Drive by only. Please do not, do not, disturb or ask tenants any questions. True BREAD and BUTTER.

The GSI for 2011 was $367,631 and GSI for 2010 was $361,858. On average based on estimates of current rents, each 4 unit building is receiving income at $4372 a month. Annually, all 7 buildings combined accumulate $367, 248. Factor about 45% expense. Rents have room to increase. No rent control in Pomona.

Property sold in its present condition. Seller will make no repairs.

Last Agent to Sell the Property

Christine Lee

LEE & COMPANY License #01317826 Listed on: 12/02/2012

Last Buyer's Agent

Diana YangLuo

AMDJ Realty, Inc. License #01165640

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,532

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 4,619 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 4
  • Tax Tract Number 28233
  • Assessor Parcel Number 8319020019

Community Details

Overview

  • 7 Buildings
  • 28 Units

Building Details

  • 28 Leased Units
  • Gross Income $30,580
  • Net Operating Income $187,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,532

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 119643
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 8319020019
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 696.04

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12366.00
  • Lot Size Acres: 0.2840

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 30580.00
  • Gross Scheduled Income: 367361.00
  • Lot Size Area: 12366.0000 Square Feet
  • Net Operating Income: 187563.00
  • Number Of Units Leased: 28
  • Number Of Units Total: 28
  • Operating Expense: 180068.00
  • Rent Control: No
  • Total Actual Rent: 30580.00

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 28233
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2014
Sold by
Yong Anthony Chen and Zhang Yong Lynn Lin
Bought by
Excel Properties Llc
Current Estimated Value
$1,039,333

Purchase Details

Closed on
Nov 27, 2012
Sold by
Li Family Trust
Bought by
Yong Anthony Chen and Zhang Yon Lynn Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2001
Sold by
Rexroth Linda M
Bought by
Rexroth Linda M and Linda M Rexroth Trust

Purchase Details

Closed on
Oct 10, 2000
Sold by
Lin Yi Do and Lin Caroline C
Bought by
Lin Yi Do and Lin Caroline Chou
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Excel Properties Llc -- None Available
Yong Anthony Chen $3,215,000 First American Title Company
Rexroth Linda M -- --
Lin Yi Do -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yong Anthony Chen $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2013 02/26/13 Sold $3,215,000 -4.0% $696 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
10/14/2012 10/14/12 For Sale $3,350,000 -- $725 / 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 $7,532 $545,513 $176,090 $369,423
2024 $7,532 $534,818 $172,638 $362,180
2023 $7,389 $524,332 $169,253 $355,079
2022 $7,271 $514,052 $165,935 $348,117
2021 $7,087 $503,974 $162,682 $341,292
2019 $7,223 $489,027 $157,857 $331,170
2018 $6,619 $479,439 $154,762 $324,677
2016 $6,192 $460,823 $148,753 $312,070
2015 $6,142 $453,902 $146,519 $307,383
2014 $6,118 $445,011 $143,649 $301,362
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Christine Lee

    LEE & COMPANY

    Section Image
  • Diana YangLuo

    Buyer's Agent in 2013

    Diana YangLuo

    AMDJ Realty, Inc.

    (949) 590-8888

    31 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12127895

California Regional Multiple Listing Service (CRMLS)

APN: 8319-020-019

California Los Angeles County Pomona 91767 Pomona East

883 E Kingsley Ave, Pomona, CA

This home is located at 883 E Kingsley Ave, Pomona, CA 91767 since 02 December 2012 and is currently estimated at $1,045,667, approximately $226 per square foot. This property was built in 1964. 883 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.

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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