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$1,685,000   Price Analysis
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12304 LA Pomelo Rd
La Mirada, CA 90638
9 bed 5 bath 4,216 SqFt ($399/SqFt)
5,786SqFt lot. Built 1969
Listed 2024-03-24, Taxes $5,274
Ⓧ USDA Ineligible
due to price & location

near La Mirada

First time on the market since 1983.

* Has Contingent Offer *

This 4 plex is listed with the building 12310 La Pomelo next door. (Total of 8 units-both 4 plex's are on separate deeded lots) Very desirable and centrally located to La Mirada Creek Park neighborhood offering everything your Tenants could ever possibly need! Including Top Rated Schools, having direct access to La Mirada Creek Park, being a short walk to three regional shopping centers and multiple food services and also being close to Biola Collage, Schools, Golf, Senior center and Splash Aquatic Center. Dont miss out on this once in lifetime investment opportunity to be the new owner of these two charming conforming multi-family apartment buildings with both having good financial upside. (Longtime Tenants who pay on-time every month, even throughout Covid).

All numbers, measures and dollar figures are approximate. 4 Unit Multi-Family apartment building. Including (1) 3 Bed / 1bath - Owners unit plus (3) 2 bed / 1 bath units. Property includes Two (2) alley facing Two (2) car shared garages, plus Two (2) additional outdoor parking spaces and plenty of street parking. Freshly painted ground floor Laundry-room (app-pay) with shared washer/dryer. Lower units have private fenced in Patios. Upper units boast oversized balconies with some units having views of the often-snowcapped mountains. Take a look at the photos-it will make sense. This Unit (12304 L Pomelo) listed can b e sold separate or together with the sale of neighboring Multi-Family Unit (12310 La Pomelo, La Mirada). Buildings and apartment configurations are almost identical. Buildings face each other and share a pleasing walk though common area. Both apartment buildings combined, make a total of (8) eight units (4 and 4). Both 4 Unit Apartment Buildings have separate APN numbers, making them eligible for individual conventional loans. The lot sizes vary 6, 093/sq ft vs 5, 786/sq ft per assessor.


Presented by MARK TROUGHTON at
Sell-N-Save Real Estate.


Property MLS #PW24058554 from CRMLS

Bedrooms: 9

Ceiling Fan(s)
Living Room Balcony
Living Room Deck Attached
Window Features: Double Pane Windows, Screens

Appliances: Water Heater
Appliances YN: Yes
Laundry Features: Common Area, Individual Room, Outside

Kitchen, Living Room

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 5

Fencing: Fence YN: Yes, Fencing: Wood
Road Frontage Type: City Street
Road Surface Type: Alley Paved, Paved

Lot Description: Corner Lot, Landscaped, Park Nearby, Walkstreet
Lot Size Acres: 0.1328283
Lot Size Source: Assessor
Lot Size Square Feet: 5786

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Paved, Garage, Garage Faces Rear, Garage - Two Door, On Site, Parking Space
Parking Total: 6

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1307.00
Maintenance Expense: 3675.00

Number of Units Leased: 4
Tenant Pays: Cable TV, Electricity, Gas, Insurance, Telephone
Rent Control: Yes

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Annual Tax Amount: 5275.00
Source Listing Status: Active Under Contract
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1000.00
Area: M3 - La Mirada
Source Neighborhood: M3 - La Mirada
New Taxes Expense: 21250.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 8034028030
Postal Code Plus 4: 1630
Trash Expense: 2926.00
Zoning: LMPP
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$277,220 + $78,070
$355,290
$5,274
2021$271,785 + $76,540
$348,325
$5,158
2020$268,999 + $75,756
$344,755
$5,107
2019$263,725 + $74,271
$337,996
$5,060
2018$258,554 + $72,815
$331,369
$4,866
2017$253,485 + $71,388
$324,873
$4,789
2016$248,515 + $69,989
$318,504
$4,587
2015$244,783 + $68,938
$313,721
$4,555
2014$239,989 + $67,588
$307,577
$4,515
2013$238,905 + $67,283
$306,188
$4,450
2012$234,221 + $65,964
$300,185
$4,372
2010$229,629 + $64,671
$294,300
$4,239
2009$228,455 + $64,341
$292,796
$4,179
2009$227,913 + $64,188
$292,101
$4,179
2008$223,976 + $63,080
$287,056
$4,044
2007$219,585 + $61,844
$281,429
$3,882

Price Changed 2024-04-17
$1,685,000
CRMLS
Price Changed 2024-04-10
$1,695,000
CRMLS
Listed 2024-03-24
$1,700,000
CRMLS
Sold 1983-07-06
$364,500
Public Record

Net Operating Income: 79010.00

Total Square Feet Living: 4216
Year Built: 1969
Building Features: 1
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: RLSE
Foundation Details: Slab
Property Age: 55
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Electric: Electricity - On Property
Electric Expense: 3675.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Sewer Connected
Water Source: Public

No Interior Steps
Parking

Granada Middle School is a public middle school located approximately 0.5 miles away.
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Scott Avenue Elementary School is a public elementary school located approximately 0.6 miles away.
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La Serna High School is a public high school located approximately 2.5 miles away.
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Heights Christian School/ La Mirada Campus is a private elementary school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.