735 Karesh Avenue

    Pomona, CA 91767
    • $1,280,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: TR18061913
    UPDATED: 52 min ago
    $1,280,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,838
      SQFT
    • $334
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    For 735 - 757 Karesh Pomona (APN# 8323028004 & # 8323028003) - Listing Sale Price is $ 2,560,000 , Great Opportunity Well Maintained 12 Units situated in the highly desirable rental market of Pomona for Investors. No Rent Control. 100% Occupancy. The apartment was renovation in year 2018 for the interior and exterior of the building with New Windows . All One Bedroom with One Bath. Gated Community with Carport Parking in the Back. On-Site Laundry Room .For 735 Karesh Ave Pomona CA 91767 (APN# :8323028004) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,463. Annual Gross Schedule Income is $ 77,556. Annual Expense is $ 14,746. Net Operating Income is $ 62,810. Current Cap Rate: 4.9%. New Investor take advantage of the approximately 20% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . 6 electric Meters and 6 Gas Meter. For 757 Karesh Ave Pomona CA 91767 (APN #: 8323028003) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,204. Annual Gross Schedule Income is $ 74,448. Annual Expense is $ 14,510. Net Operating Income is $ 59,938. Current Cap Rate: 4.68%. New Investor take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . Easy to Access Super Market and Freeway 10 & 60.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T21:29:32.367. 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.
    www.playavistaliving.com/homes/82408131

    735 Karesh Avenue Pomona, CA 91767

    • Price: $1,280,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: TR18061913
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,838
    SQFT
    $334
    $/SQFT
    1960
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    For 735 - 757 Karesh Pomona (APN# 8323028004 & # 8323028003) - Listing Sale Price is $ 2,560,000 , Great Opportunity Well Maintained 12 Units situated in the highly desirable rental market of Pomona for Investors. No Rent Control. 100% Occupancy. The apartment was renovation in year 2018 for the interior and exterior of the building with New Windows . All One Bedroom with One Bath. Gated Community with Carport Parking in the Back. On-Site Laundry Room .For 735 Karesh Ave Pomona CA 91767 (APN# :8323028004) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,463. Annual Gross Schedule Income is $ 77,556. Annual Expense is $ 14,746. Net Operating Income is $ 62,810. Current Cap Rate: 4.9%. New Investor take advantage of the approximately 20% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . 6 electric Meters and 6 Gas Meter. For 757 Karesh Ave Pomona CA 91767 (APN #: 8323028003) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,204. Annual Gross Schedule Income is $ 74,448. Annual Expense is $ 14,510. Net Operating Income is $ 59,938. Current Cap Rate: 4.68%. New Investor take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . Easy to Access Super Market and Freeway 10 & 60.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features Front YardLot 6500-9999 Lot Size Source Appraiser Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 640 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.90 Community Features Sidewalks Country Us Electric Expense 960.00 Elevation Units Feet Fuel Expense 960.00 Gardener Expense 600.00 Gross Income 77556.00 Gross Scheduled Income 77556.00 Insurance Expense 1914.00 Land Lease YN No Laundry YN Yes Maintenance Expense 600.00 Net Operating Income 62810.00 New Taxes Expense 8032.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 14746.00 Professional Management Expense 600.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Expenses 14746.00 Trash Expense 0.00 Water Sewer Expense 1080.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Sheng Wang of Century 21 Care.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T21:29:32.367. 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.
     
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