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    648 Abbey Lane

    Pomona, CA 91767
    • $1,174,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: PW21004137
    UPDATED: 56 min ago
    $1,174,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,370
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Excellent 5 unit apartment building. Four of the units have been renovated with new Kitchens, Bathrooms, AC, Lighting, Flooring, and Copper Plumbing. We only increase the rent when we a new tenant moves in, so the rents are low. All tenants have always paid their rent to date with no exclusion, all tenants are current. There is a Laundry Room and we own the equipment which provides additional income. We prefer to sell this as a package deal along with 602 Karesh, Pomona just around the corner.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113091804
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    648 Abbey Lane Pomona, CA 91767

    • Price: $1,174,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: PW21004137
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,370
    SQFT
    $269
    $/SQFT
    1964
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    Excellent 5 unit apartment building. Four of the units have been renovated with new Kitchens, Bathrooms, AC, Lighting, Flooring, and Copper Plumbing. We only increase the rent when we a new tenant moves in, so the rents are low. All tenants have always paid their rent to date with no exclusion, all tenants are current. There is a Laundry Room and we own the equipment which provides additional income. We prefer to sell this as a package deal along with 602 Karesh, Pomona just around the corner.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 5.00 Lot Features Front YardLawnLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 0.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallEnd Unit Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Sidewalks Country Us Electric Electricity - On Property Electric Expense 300.00 Elevation Units Feet Fuel Expense 650.00 Gardener Expense 600.00 Gross Income 86400.00 Gross Operating Income 82320.00 Gross Scheduled Income 84000.00 Insurance Expense 1200.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 2400.00 Laundry YN Yes Licenses Expense 250.00 Net Operating Income 62445.00 New Construction YN No New Taxes Expense 14375.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 5 Number With Range 5 Operating Expense 22275.00 Pest Control Expense 600.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7000.00 Total Expenses 22275.00 Trash Expense 2500.00 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 1680 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Por301

    Listing provided courtesy of Steven Martinson of Certified Home Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
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