$600,000
SOLD NOV 22, 2024
4 Beds
4 Baths
1,950 Sq Ft
6,786 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

27% Below List Price

66 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available
  • Fireplace
  • Laundry Room
  • 4-minute walk to Memorial Park

About This Home

As of November 2024

Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

Last Agent to Sell the Property

John Paul Garcia Jr.

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 323-646-9707 License #01911994 Listed on: 08/26/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

John Paul Garcia Jr.

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 323-646-9707 License #01911994 Listed on: 08/26/2024

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1929

Lot Details

  • 6,786 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 184
  • Assessor Parcel Number 8342008002
  • $836 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $344
  • Water Sewer Expense $3,800
  • Operating Expense $6,644
  • Gross Income $52,032
  • Net Operating Income $42,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,644

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Price Per Unit: 206250
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 3800.00
  • Zoning: POC3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 8342008002
  • Year Built: 1929
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Accessibility Features: See Remarks
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 307.69

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 344.02
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6786.00
  • Lot Size Acres: 0.1558
  • Latitude Manual: 34.05644700

Multi Family

  • Average1 Bed Area: 487 Square Feet
  • Gross Income: 52032.00
  • Gross Scheduled Income: 52032.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6786.0000 Square Feet
  • Net Operating Income: 42032.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10000.00
  • Rent Control: Yes
  • Total Expenses: 6644.02

Tax Info

  • Tax Block: 184
  • Tax Census Tract: 4025.01
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 836.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Oct 15, 2024
Sold by
Estes Heatherlee
Bought by
Estes Christopher
Seller's Agent
John Paul Garcia Jr.
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
John Paul Garcia Jr.
Berkshire Hathaway HomeServices California Properties
List Price
$824,999
Sold Price
$600,000
Premium/Discount to List
-$224,999
-27.27%
Views
21
Current Estimated Value
$831,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,974
Avg. Annual Appreciation
44.38%

Purchase Details

Closed on
Feb 27, 2024
Sold by
Eugene Raymond Estes Family Trust
Bought by
Estes Christopher

Purchase Details

Closed on
Jun 23, 2021
Sold by
Dela Fuente Rosie C and Dela Eric Chris
Bought by
Dela Fuente Rosa C and De La Fuente

Purchase Details

Closed on
Apr 9, 2016
Sold by
Estes Eugene R
Bought by
Estes Eugene Raymond and Eugene Raymond Estes Family Tr
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 Type Sale Price Title Company
Grant Deed -- Orange Coast Title Company
Grant Deed $1,200,000 Orange Coast Title Company
Grant Deed -- Orange Coast Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed -- Simplifile
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $600,000 -27.3% $308 / Sq Ft
11/04/2024 11/04/24 For Sale $824,999 +37.5% $423 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/29/2024 10/29/24 Off Market $600,000 -- --
09/16/2024 09/16/24 Price Changed $824,999 -5.7% $423 / Sq Ft
08/26/2024 08/26/24 For Sale $875,000 -- $449 / 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 $1,644 $600,000 $500,000 $100,000
2024 $1,644 $66,933 $23,069 $43,864
2023 $1,614 $65,621 $22,617 $43,004
2022 $1,579 $64,335 $22,174 $42,161
2021 $1,529 $63,075 $21,740 $41,335
2019 $1,532 $61,207 $21,097 $40,110
2018 $1,395 $60,008 $20,684 $39,324
2016 $1,307 $57,680 $19,882 $37,798
2015 $1,298 $56,815 $19,584 $37,231
2014 $1,316 $55,703 $19,201 $36,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24157773

California Regional Multiple Listing Service (CRMLS)

APN: 8342-008-002