NOT LISTED FOR SALE

963 Price Ave Pomona, CA 91767

Pomona East Neighborhood
5 Beds
5 Baths
3,778 Sq Ft
10,871 Sq Ft Lot

Last Sold April 24, 2019

Last sale price $730,000 $193 Per Sq Ft

74 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling Available

About This Home

As of April 2019

Great Income Property to add to your portfolio in a highly desirable area. Private two story residence with 5 separate multi-units. Beautiful units in the city of North Pomona centrally located near shopping centers and freeways. Excellent opportunity for investor or first time home buyers looking to live in one unit and rent the others. This 5 Plex is located in a highly sought area with a good neighborhood, good schools, Plaza, hospitals, walking distance from Pomona Station & four colleges within 5 miles of the property. This property has a huge lot size of 10,871 sqft with ample parking space. Renters always available in the area with No Rent Control. This building is very well maintained and kept up-to-date. Property is currently 100 % rented out with 14 % upside rental. Do not miss this investment opportunity located in the City of Pomona. Minutes to Downtown Pomona, Western University of Health Sciences, restaurants and shops. Do Not Disturb Occupants!

Last Agent to Sell the Property

Avinash Narang

BRC Advisors BH License #01448548 Listed on: 12/28/2018

BRC Advisors BH

Last Buyer's Agent

Foo Yau Lee

KW Vision License #01983074

KW Vision

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,184

Year Built

  • Built in 1946

Lot Details

  • 10,871 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 3,778 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 73
  • Tax Tract Number 8767
  • Assessor Parcel Number 8326018022

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 1 Separate Electric Meter
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,672
  • Fuel Expense $665
  • Insurance Expense $1,824
  • Trash Expense $1,129
  • Water Sewer Expense $1,478
  • New Taxes Expense $9,113
  • Operating Expense $22,072
  • Gross Income $63,504
  • Net Operating Income $41,432

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,184

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.68
  • Price Per Unit: 145800
  • Property Attached: No
  • Water Sewer Expenses: 1478.00
  • Zoning: POM1*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8326018022
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 193.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1129.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10871.00
  • Lot Size Acres: 0.2496

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Average1 Bed Area: 755 Square Feet
  • Electric Expense: 7672.00
  • Fuel Expense: 665.00
  • Gross Income: 63504.00
  • Gross Multiplier: 11.25
  • Gross Operating Income: 63504.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1824.00
  • Lot Size Area: 10871.0000 Square Feet
  • Net Operating Income: 41432.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 22072.00
  • Rent Control: No
  • Total Actual Rent: 5400.00
  • Total Expenses: 22072.00
  • Vacancy Allowance: 1296

Tax Info

  • New Taxes Expense: 9113.00
  • Tax Area: 7-737
  • Tax Census Tract: 4027.02
  • Tax Lot: 73
  • Tax Tract Number: 8767
  • Tax Annual Amount: 6184.00
  • Tax Year: 2017

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Sold $730,000 +0.1% $193 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $729,000 +55.1% $193 / Sq Ft
07/19/2016 07/19/16 Sold $470,000 -12.8% $124 / Sq Ft
01/19/2016 01/19/16 For Sale $539,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Avinash Narang

    Seller's Agent in 2019

    Avinash Narang

    BRC Advisors BH

    (818) 288-0697

    59 Total Sales

    Section Image

  • F

    Buyer's Agent in 2019

    Foo Yau Lee

    KW Vision

    (909) 628-9100

    6 Total Sales

    Section Image
  • Ken Shapiro

    Seller's Agent in 2016

    Ken Shapiro

    Silverwood Properties

    (805) 415-8602

    52 Total Sales

    Section Image

  • A

    Buyer's Agent in 2016

    Avinash Naurang

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18297689

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pomona 91767 Pomona East

963 Price Ave, Pomona, CA

This home is located at 963 Price Ave, Pomona, CA 91767 since 28 December 2018. This property was built in 1946. 963 Price 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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