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1676 East Kingsley Avenue

Pomona, CA 91767
  • $2,500,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: CV21189183
UPDATED: 50 min ago
$2,500,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Ratings & Info

Description

We are proud to exclusively present the opportunity to acquire 1676 E. Kingsley Avenue, a 10-unit multifamily investment property located in Pomona, California. Built in 1957, the property sits on 0.27 acre and has a building size of approximately 11,030 square feet. The building consists of (4) one-bedroom/one-bathroom and (6) two-bedroom/one-bathroom units. The property features carport parking, on-site laundry room, updated electrical panels, and re-pipped copper and/or plex plumbing. The roof has been replaced approximately 15 years ago. Majority of the units have been updated. All units are individually metered for gas and electricity, and they have individual hot water heaters. The apartment has an attractive rental location in the busy city of Pomona and is ideally situated in between the Interstate 10 and the State Route 60 freeway. The property is within walkable distance to Downtown Pomona where its resident can enjoy entertainment, dining, and shopping. Along with its central location, the city is well served by the Foothill Transit and the Omnitrans Bus Lines, which can take commuters to Ontario International Airport. The City of Pomona is well known for its history and was given the name of "Queen of the Citrus Belt. The city features several historical buildings and recreations, including the Art Deco Pomona Fox Theater, the Rancho Santa Ana Botanic Garden, and the Millikan Planetarium. Pomona is also home to Cal Poly Pomona, Western University of Health Sciences, and Claremont Colleges.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T16:26:31.837. 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 Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/120853994
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1676 East Kingsley Avenue Pomona, CA 91767

  • Price: $2,500,000
  • Status: Active
  • Updated: 50 min ago
  • ID#: CV21189183
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1957
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
We are proud to exclusively present the opportunity to acquire 1676 E. Kingsley Avenue, a 10-unit multifamily investment property located in Pomona, California. Built in 1957, the property sits on 0.27 acre and has a building size of approximately 11,030 square feet. The building consists of (4) one-bedroom/one-bathroom and (6) two-bedroom/one-bathroom units. The property features carport parking, on-site laundry room, updated electrical panels, and re-pipped copper and/or plex plumbing. The roof has been replaced approximately 15 years ago. Majority of the units have been updated. All units are individually metered for gas and electricity, and they have individual hot water heaters. The apartment has an attractive rental location in the busy city of Pomona and is ideally situated in between the Interstate 10 and the State Route 60 freeway. The property is within walkable distance to Downtown Pomona where its resident can enjoy entertainment, dining, and shopping. Along with its central location, the city is well served by the Foothill Transit and the Omnitrans Bus Lines, which can take commuters to Ontario International Airport. The City of Pomona is well known for its history and was given the name of "Queen of the Citrus Belt. The city features several historical buildings and recreations, including the Art Deco Pomona Fox Theater, the Rancho Santa Ana Botanic Garden, and the Millikan Planetarium. Pomona is also home to Cal Poly Pomona, Western University of Health Sciences, and Claremont Colleges.
Exterior Features

Lot Features PavedRectangular LotYard Number Of Separate Electric Meters 10 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.16 Common Interest None Community Features ParkSidewalks Electric Expense 1917 Fuel Expense 1917 Garage YN No Gross Income 144412 Gross Scheduled Income 148260 Insurance Expense 5297 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 6500 Net Operating Income 90305 New Construction YN No New Taxes Expense 33745 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 54107 Pest Control Expense 495 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1917 Vacancy Allowance 4448 Vacancy Allowance Rate 3 Water Sewer Expense 1917 Water Source Public

Listing provided courtesy of David Covarrubias of Marcus & Millichap and Douglas Mccauley of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T16:26:31.837. 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 Keller Williams Realty. Licensed in the State of California, USA.
 
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