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    1090 S Towne Avenue

    Pomona, CA 91766
    • $2,540,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: PW20143396
    UPDATED: 11 min ago
    $2,540,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,543
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    Great opportunity to own thirteen units in a highly desirable rental location. NO VACANCY PROBLEM HERE! Ten units, each having 770 square feet of living area offer a one bedroom with a full bath and an additional attached wood fenced patio. Two units, each having 915 square feet of living area, offer two bedroom with a full bath and an additional attached wood fenced patio. And One unit, Non-Conforming, 450 square feet of living area offering a Studio with a bathroom. All units are ample in size and at single level entry. Each unit comes with its assigned carport parking space. There is a coin laundry room with two washers and two dryers. There is a on-site storage shed for tools and supplies. The property has an on-site manager and the property has a new CCTV monitoring system. The property is next door to a public park, within walking distance to public transportation, near shopping centers, restaurants, and highway access.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-05T17:27:54.807. 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 deemed reliable but is not guaranteed accurate by the MLS or The Veléz Team | Coldwell Banker. Licensed in the State of California, USA.

    www.isabelvelez.com/homes/108045988
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    1090 S Towne Avenue Pomona, CA 91766

    • Price: $2,540,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: PW20143396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    9,543
    SQFT
    $266
    $/SQFT
    1968
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    Great opportunity to own thirteen units in a highly desirable rental location. NO VACANCY PROBLEM HERE! Ten units, each having 770 square feet of living area offer a one bedroom with a full bath and an additional attached wood fenced patio. Two units, each having 915 square feet of living area, offer two bedroom with a full bath and an additional attached wood fenced patio. And One unit, Non-Conforming, 450 square feet of living area offering a Studio with a bathroom. All units are ample in size and at single level entry. Each unit comes with its assigned carport parking space. There is a coin laundry room with two washers and two dryers. There is a on-site storage shed for tools and supplies. The property has an on-site manager and the property has a new CCTV monitoring system. The property is next door to a public park, within walking distance to public transportation, near shopping centers, restaurants, and highway access.
    Exterior Features

    Lot Features Lot 20000-39999 SqftRectangular LotPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Roof AsphaltShingle

    Interior Features

    Condo Area Units Square Feet Laundry Features Dryer IncludedGas Dryer HookupIndividual RoomWasher Included

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.31 Country Us Current Financing Conventional Effective Gross 163320 Electric Expense 2536.00 Expense Year 2020 Gross Scheduled Income 160920.00 Insurance Expense 3551.00 Land Lease YN No Land Use Multi-Family Laundry Income 2400.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Public Records Maintenance Expense 4051.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 109555.00 Occupancy Occupied Operating Expense 53766.00 Other Expense 1800.00 Property Sub Type Multi Family Real Estate Tax Expense 31750.00 Resident Manager Expense 4200.00 Special Listing Conditions Standard Tax Rate 1.25 Total Expenses 53766.00 Total Monthly Rent 13610 Trash Expense 2833.00 Vacancy Allowance 0 Water Sewer Expense 3045.00 Water Source Public Year Built Source Assessor Zoning Por31000

    Listing provided courtesy of Marvin Byrne of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-05T17:27:54.807. 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 deemed reliable but is not guaranteed accurate by the MLS or The Veléz Team | Coldwell Banker. Licensed in the State of California, USA.

     
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