NOT LISTED FOR SALE

Estimated Value: $945,000 - $1,030,000

4 Beds
5 Baths
4,368 Sq Ft
$228/Sq Ft Est. Value

Sale Details

Date Sold: November 10, 2024

Last sale price $975,000 $223 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,618 / mo

50 Days on Market

Highlights

  • 0.31 Acre Lot
  • Cooling Available
  • Fenced
  • No HOA
  • Laundry Facilities
  • 4-minute walk to Memorial Park

About This Home

As of November 2024

Prime Investment Opportunity in Pomona, California
Discover the perfect blend of residential and commercial real estate in this exceptional property located in the heart of Pomona. This investor's dream features four well-appointed residential units, each offering 1 bedroom and 1 bathroom. Convenience is at the forefront with four one car garages, ensuring hassle-free access for residents.
In addition to the residential units, the property includes a versatile commercial building with three spacious storage units at the rear. The building and storage units, accessible via the alley behind the property, offer endless possibilities for additional income or business expansion.
Whether you're looking to expand your real estate portfolio or seeking a lucrative investment with multiple revenue streams, this property is a rare find. With its prime location in a thriving community and potential for growth, this is an opportunity you don't want to miss!

Last Agent to Sell the Property

John Paul Garcia Jr.

Coldwell Banker Envision Brokerage Phone: 323-646-9707 License #01911994 Listed on: 08/27/2024

Coldwell Banker Envision

Last Buyer's Agent

WINDI LAU

RE/MAX TOP PRODUCERS License #01711339

RE/MAX TOP PRODUCERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 13,650 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,368 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 17 / 184
  • Assessor Parcel Number 8342005016
  • $1,159 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,900
  • Insurance Expense $3,360
  • Professional Management Expense $4,600
  • Trash Expense $344
  • Water Sewer Expense $6,060
  • Operating Expense $21,264
  • Gross Income $75,312
  • Net Operating Income $54,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0.31 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4600.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 6060.00
  • Zoning: POR310000*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8342005016
  • Year Built: 1951
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Accessibility Features: See Remarks
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 223.21

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • 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, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13650.00
  • Lot Size Acres: 0.3134

Multi Family

  • Electric Expense: 6900.00
  • Gross Income: 75312.00
  • Gross Scheduled Income: 75312.00
  • Insurance Expense: 3360.00
  • Lot Size Area: 13650.0000 Square Feet
  • Net Operating Income: 54048.00
  • 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
  • Operating Expense: 21264.00
  • Rent Control: Yes
  • Total Actual Rent: 6276.00
  • Total Expenses: 21264.02

Tax Info

  • Tax Block: 184
  • Tax Census Tract: 4025.01
  • Tax Lot: 17
  • Tax Tract Number: ?
  • TaxOtherAnnualAssessmentAmount: 1159.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Nov 5, 2024
Sold by
Bought by
Seller's Agent
John Paul Garcia Jr.
Coldwell Banker Envision
Buyer's Agent
WINDI LAU
RE/MAX TOP PRODUCERS
List Price
$1,129,999
Sold Price
$975,000
Premium/Discount to List
-$154,999
-13.72%
Views
19
Current Estimated Value
$996,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,704
Avg. Annual Appreciation
1.28%

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 25, 2024
Sold by
Bought by
Seller's Agent
John Paul Garcia Jr.
Coldwell Banker Envision
Buyer's Agent
WINDI LAU
RE/MAX TOP PRODUCERS
List Price
$1,129,999
Sold Price
$975,000
Premium/Discount to List
-$154,999
-13.72%
Views
19

Purchase Details

Closed on
Feb 27, 2024
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2016
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$975,000 Orange Coast Title Company
-- Orange Coast Title Company
-- None Listed On Document
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2024 11/10/24 Sold $975,000 -2.5% $223 / Sq Ft
09/16/2024 09/16/24 Price Changed $999,988 -11.5% $229 / Sq Ft
08/27/2024 08/27/24 For Sale $1,129,999 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,738 $975,000 $600,000 $375,000
2024 $4,444 $275,592 $78,457 $197,135
2023 $4,364 $270,189 $76,919 $193,270
2022 $4,290 $264,892 $75,411 $189,481
2021 $4,171 $259,699 $73,933 $185,766
2019 $4,233 $251,998 $71,741 $180,257
2018 $3,780 $247,058 $70,335 $176,723
2016 $3,522 $237,465 $67,604 $169,861
2015 $3,495 $233,899 $66,589 $167,310
2014 $3,494 $229,318 $65,285 $164,033
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24177039

California Regional Multiple Listing Service (CRMLS)

APN: 8342-005-016

Your Personal Tour Guide

Ask me questions while you tour the home.