$2,680,000 Price Analysis   ♡   Pomona, CA 91766 15 bed 15 bath 8,988 SqFt ($298/SqFt) 0.54 acre lot. Built 1948 Listed 2024-02-06, Taxes $25,580 | Ⓧ USDA Ineligible due to price & location near Pomona |
The property comprises of 15 units situated on two parcels that consist of 23
489 square feet lot of land. The property is positioned one block from Downtown Pomona between E 6th Street and E 7th Street and is within a short drive to the Fairplex, home of the annual LA County Fair and a multitude of international race car competitions and popular events. The property has been well maintained and many units have been upgraded. The property offers convenient access to nearby shops, grocery stores, eateries and municipal services. 631-639 S Locust Street features cottage-style single stor y duplexes and two story garden-style apartment units. The grounds are well-kept with mature and lush landscaping, individual yards, porches or patios, individual garages and an abundant amount of surface vehicle parking.
The units feature fully-equipped kitchens with appliances, security screen doors, wall-to-wall carpet, wall air conditioning and heating. The property offers convenient access to the 71, 10, 57 and 60 Freeways connecting to all of Los Angeles County, as well as Riverside, San Bernardino and Orange countis. Neighboring cities include: Chino, Chino Hills, Claremont, San Dimas, La Verne and Ontario. Pomona provides a scenic atmosphere and is within a short distance to local landmarks, such as Downtown Pomona, Fox Theatre, Raging Waters, the Pomona Superior Court, Frank G. Bonelli Regional Park, California State Polytechnic University, the Downtown Pomona Metrolink Station and more. 631-639 S Locust Street in Pomona is an income-producing property and a fantastic long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor or those seeking a 1031 exchange opportunity.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV24026610 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Additional Parcels: Yes
Lot Description: 11-15 Units/Acre
Lot Size Acres: 0.5392
Lot Size Source: Assessor
Lot Size Square Feet: 23489
Parking Features: Parking YN: Yes, Parking Features: Garage
Parking Total: 12
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Gardener Expense: 2400.00
Maintenance Expense: 9275.00
Vacancy Allowance: 7172
Rent Control: Yes
County: Los Angeles
Cap Rate: 5.73
Other Expense: 3000.00
Source Property Type: Residential Income
Insurance Expense: 4896.00
Area: 687 - Pomona
Source Neighborhood: 687 - Pomona
New Taxes Expense: 35281.00
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 15
Number of Separate Water Meters: 1
Parcel Number: 8335025005
Postal Code Plus 4: 3314
Professional Management Expense: 6956.00
Trash Expense: 4932.00
Zoning: POT3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,367,057 + $546,823 $1,913,880 | $25,580 |
| 2021 | $1,340,252 + $536,101 $1,876,353 | $24,997 |
| 2020 | $1,326,510 + $530,604 $1,857,114 | $24,920 |
| 2019 | $1,300,500 + $520,200 $1,820,700 | $25,527 |
| 2018 | $1,275,000 + $510,000 $1,785,000 | $23,714 |
| 2017 | $422,081 + $324,677 $746,758 | $11,228 |
| 2016 | $413,805 + $318,311 $732,116 | $10,717 |
| 2015 | $407,590 + $313,530 $721,120 | $10,627 |
| 2014 | $399,606 + $307,389 $706,995 | $10,616 |
| 2013 | $397,800 + $306,000 $703,800 | $10,507 |
| 2012 | $336,324 + $143,236 $479,560 | $7,959 |
| 2010 | $329,730 + $140,428 $470,158 | $7,681 |
| 2009 | $328,044 + $139,711 $467,755 | $7,403 |
| 2009 | $327,266 + $139,379 $466,645 | $7,403 |
| 2008 | $321,612 + $136,972 $458,584 | $7,038 |
| 2007 | $315,306 + $134,287 $449,593 | $6,776 |
$2,680,000
CRMLS
Price Changed 2024-05-09
$2,980,000
CRMLS
Price Changed 2024-02-28
$3,180,000
CRMLS
Listed 2024-02-06
$3,280,000
CRMLS
Sold 2017-02-10
$2,200,000
CRMLS
Listed 2016-10-26
$2,150,000
CRMLS
Sold 2012-03-16
$865,000
Public Record
Sold 1988-02-08
$258,500
Public Record
Sold 1984-01-13
$80,000
Public Record
Year Built: 1948
Building Features: 5
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 76
Property Attached: Yes
Levels or Stories: One, Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6669.00
Water Source: Public
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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.