Address
816 Weber Street, Pomona, CA
Price
$ 1,425,000
Property Attributes
- MLS#CV23174392
- TypeIncome
- CountyLOS ANGELES
- CityPomona
- AreaPomona
- Zip91768
- StyleApartment
- Price$ 1,425,000
- Bedrooms11
- Full Bathrooms9
- Half Bathrooms0
- Sqr Footage5633
- Lot Size0.439784 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
| Price History | |
|---|---|
| 9/19/2023 | Listed $1,425,000 |
General Features
| Building Area Units | Square Feet |
|---|---|
| City | Pomona |
| Community Features | Curbs, Gutter(s), Sidewalks |
| County | Los Angeles |
| Directions | Use GPS | South of I-10, East of CA-71; Near the Intersection of W Orange Grove Ave & Weber St |
| Entry Location | 1 |
| Garage Spaces | 10 |
| Garage Y/N | Yes |
| Gross Income | 98752 |
| Insurance Expense | 2500 |
| Levels | One |
| Listing Agent | Kristopher German - BRE#01800021 |
| Listing Agent State License | 01800021 |
| Listing Terms | Cash, Cash to New Loan, Owner May Carry |
| Lot Size Square Feet | 19157 |
| MLS Area | 687 - Pomona |
| Maintenanceexpense | 3750 |
| Net Operating Income | 69825 |
| Open Parking Spaces | 2 |
| Operating Expense | 36325 |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Apartment |
| Property SubType | Apartment |
| Property Type | Residential Income |
| Rent Control Y/N | Yes |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Stories | 1 |
| Street Name | Weber |
| Tax Lot | 13 |
| Taxes | 16985 |
| Total Units | 5 |
| Trash Expense | 9040 |
| Water Sewer Expense | 3300 |
| Year Built | 1984 |
| Year Built Source | Assessor |
| Zoning | POR2* |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Entry Level | 1 |
| Laundry Features | Washer Hookup, Electric Dryer Hookup, Inside |
| Street Suffix | Street |
| Total Stories | 1 |
Exterior Features
| Buyer Agent Compensation | 2.500 |
|---|---|
| Buyer Agent Compensation Type | % |
| Building Area Total | 5633 |
| Lot Features | 2-5 Units/Acre |
| Lot Size Acres | 0.4398 |
| Lot Size Area | 19157 |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 5 |
| Number of Separate Gas Meters | 5 |
| Number of Separate Water Meters | 1 |
| Total Parking | 12 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 91768
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 24, 2023 7:53 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
