NOT LISTED FOR SALE
5 Beds
5 Baths
3,778 Sq Ft
10,871 Sq Ft Lot

Sale Details

Date 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

10,871 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.68
  • 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 Prior Sale
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 View Prior Sale
01/19/2016 01/19/16 For Sale $539,000 -- $143 / 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 $11,433 $798,517 $437,544 $360,973
2024 $10,393 $782,861 $428,965 $353,896
2023 $10,194 $767,511 $420,554 $346,957
2022 $9,734 $752,462 $412,308 $340,154
2021 $9,414 $737,709 $404,224 $333,485
2020 $9,400 $744,600 $408,000 $336,600
2019 $2,886 $488,988 $208,080 $280,908
2018 $6,288 $479,400 $204,000 $275,400
2016 $4,931 $379,685 $208,047 $171,638
2015 $4,889 $373,982 $204,922 $169,060
2014 $4,897 $366,657 $200,908 $165,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18297689

California Regional Multiple Listing Service (CRMLS)
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