Seller's Agent in 2022
MATTHEW WONG
EXP REALTY OF CALIFORNIA INC
(626) 759-3366
4 in this area
51 Total Sales
894 N Towne Ave Pomona, CA 91767
Pomona East NeighborhoodEstimated Value: $844,000 - $996,000
3
Beds
3
Baths
2,230
Sq Ft
$404/Sq Ft
Est. Value
Highlights
- Mountain View
- Corner Lot
- Laundry Room
- Property is near a park
- No HOA
- Mountainous Community
About This Home
As of April 2022Buyers can live in 1 and rent out the other 2 units for a reduced mortgage! Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen, and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.
Last Agent to Sell the Property
EXP REALTY OF CALIFORNIA INC License #02013717 Listed on: 12/14/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,375
Year Built
- Built in 1938
Lot Details
- 7,014 Sq Ft Lot
- No Common Walls
- Wood Fence
- Chain Link Fence
- Fence is in average condition
- Corner Lot
- Rectangular Lot
- Level Lot
- Garden
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Property Views
- Mountain
- Neighborhood
Home Design
- Triplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Raised Foundation
- Shingle Roof
Interior Spaces
- 3 Bedrooms
- 2,230 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Living Room with Fireplace
Flooring
- Carpet
- Vinyl
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 34
- Tax Tract Number 892
- Assessor Parcel Number 8337002037
- $663 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
- Mountainous Community
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $940
- Insurance Expense $2,000
- Professional Management Expense $4,440
- Water Sewer Expense $2,205
- New Taxes Expense $10,000
- Operating Expense $19,585
- Gross Income $48,240
- Net Operating Income $40,509
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 14, 2021
Closed on
Mar 24, 2022
Sold by
Vincent Scott Paul and Vincent Sharon E
Bought by
Wong Jim Chu Man
Seller's Agent
MATTHEW WONG
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Brenda Yu
PYC Financial
List Price
$799,900
Sold Price
$795,000
Premium/Discount to List
-$4,900
-0.61%
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
$106,101
Avg. Annual Appreciation
3.49%
Original Mortgage
$566,250
Outstanding Balance
$530,992
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$363,078
Purchase Details
Closed on
Aug 6, 1996
Sold by
Scott Paul Vincent
Bought by
Scott Paul Vincent and Scott Sharon E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.33%
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 |
|---|---|---|---|
| Wong Jim Chu Man | $795,000 | First American Title Company O | |
| Scott Paul Vincent | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wong Jim Chu Man | $566,250 | |
| Closed | Wong Jim Chu Man | $566,250 | |
| Previous Owner | Scott Paul Vincent | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2022 04/12/22 | Sold | $795,000 | -0.6% | $357 / Sq Ft |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 02/15/2022 02/15/22 | For Sale | $799,900 | +0.6% | $359 / Sq Ft |
| 02/14/2022 02/14/22 | Off Market | $795,000 | -- | -- |
| 12/14/2021 12/14/21 | For Sale | $799,900 | -- | $359 / 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 | $10,674 | $843,659 | $607,010 | $236,649 |
| 2024 | $10,674 | $827,117 | $595,108 | $232,009 |
| 2023 | $10,447 | $810,900 | $583,440 | $227,460 |
| 2022 | $2,561 | $147,141 | $60,694 | $86,447 |
| 2021 | $2,384 | $144,256 | $59,504 | $84,752 |
| 2020 | $2,375 | $142,777 | $58,894 | $83,883 |
| 2019 | $2,416 | $139,979 | $57,740 | $82,239 |
| 2018 | $2,209 | $137,235 | $56,608 | $80,627 |
| 2016 | $2,066 | $131,909 | $54,411 | $77,498 |
| 2015 | $2,050 | $129,928 | $53,594 | $76,334 |
| 2014 | $2,055 | $127,384 | $52,545 | $74,839 |
Source: Public Records
Agents Affiliated with this Home
-
MATTHEW WONG
-
Brenda Yu
B
Buyer's Agent in 2022
Brenda Yu
PYC Financial
(626) 347-5797
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21264331
APN: 8337-002-037
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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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