1062 S Gordon St, Pomona, CA 91766
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1062 S Gordon St Pomona, CA 91766

$1,636,000 Sold Price as of 01/24/2024
  • 12 Beds
  • 4 Baths
  • 3,462 Sq.Ft.
Sold
$1,636,000 Sold Price as of 01/24/2024 Refinance Your Mortgage

Map preview of 1062 S Gordon St, Pomona, CA 91766

Property Overview: 1062 S Gordon St Pomona, CA has 12 bedrooms, 4 bathrooms, 3,462 living square feet and 9,319 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this fully renovated 4-unit property in Pomona, offering a turn-key investment opportunity or the perfect setting for a savvy homeowner looking to house-hack. Each of the four units boasts 3 bedrooms and 1 bathroom, providing spacious and comfortable living spaces. The downstairs units come with the added bonus of expansive private front yards, creating a serene outdoor space for residents. Additionally, there are four one-car garages currently undergoing conversion into a 2-bedroom Accessory Dwelling Unit (ADU). The approved plans for this conversion can be seamlessly transferred to the new buyer, adding both value and flexibility to the property. Parking is made convenient with 5 single parking spaces and 2 tandem spaces, ensuring ample room for residents and their guests. The property has undergone a comprehensive renovation, featuring new electrical, plumbing, windows, flooring, and landscaping. Each unit is equipped with a mini-split A/C system, providing individual climate control for optimal comfort. In addition to these modern amenities, the property offers the convenience of in-unit laundry hookups, adding an extra layer of appeal for potential residents. The modern kitchens are equipped with new cabinets, stylish countertops, and stainless-steel appliances, while the bathrooms showcase new tubs with subway tile surrounds, toilets, and vanities. Whether you're an investor seeking a hassle-free income stream or a homeowner looking to offset your mortgage by renting out three units, this property is a prime opportunity not to be missed. Don't pass up the chance to own a fully upgraded and strategically positioned asset in the thriving Pomona area.

Listed by Billy Larsen | BRE #01802413 | Real Broker
Last checked: 14 minutes ago | Last updated: January 24th, 2024 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
9,319
HOA Dues
$0/mo
Year built
1981
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23218780
City
Pomona
County
Los Angeles
Time on Site
219 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.57%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $139,200
  • Net Operating Income: $104,340
  • Gross Operating Income: $136,512
  • Vacancy Allowance: $2,688
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
Annual Expense Breakdown
  • Total Operating Expense: $32,172
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $19,056
  • Trash: $3,936
  • Insurance: $2,460
  • Water/Sewer: $3,600

Property Details for 1062 S Gordon St

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: See Remarks
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 8341020030
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S Garey Ave, west on W 11th st, north on S Gordon St
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Pomona Agent

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Sale History for 1062 S Gordon St

Last sold for $1,636,000 on January 24th, 2024
  • January, 2024

  • Jan 24, 2024

    Date

    Sold

    CRMLS: OC23218780

    $1,636,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: OC23218780

    $1,588,000

    Price

  • May, 2023

  • May 12, 2023

    Date

    Sold

    CRMLS: SW22190228

    $100,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: SW22190228

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment opportunity on a 4 plex in Pomona. Located in a quiet neighborhood. Situated at the corner of S. Gordon and 11th St. This 2 story property consists of 4 units, all 2 bedroom, 1 bath. All are currently rented. Each unit has its own 1 car garage. Mature trees in the front provide good shade. Front of property has a fenced yard. There is a community laundry room. Property is to be sold as is. Seller will not do any work to property. Please do not disturb tenants. Tenants are long term. Seller will not vacate tenants. Drive by only. Please submit offers subject to inspection.

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Tax History for 1062 S Gordon St

Assessed Value (2020): $204,368
Year Land Value Improved Value Assessed Value
2020 $40,897 $163,471 $204,368

Home Value Compared to the Market

This property vs the competition

1062 S Gordon St sold on January 24, 2024 for 120.56% higher than the current median sold price for the city of Pomona which is $720,000. The median sold price per/sqft for Pomona is $506 and this home is sold at $458.69 per/sqft which puts the price per square foot 9.35% lower than the current median sale per square foot for the city of Pomona.

About 1062 S Gordon St

Detailed summary of property

1062 S Gordon St is a fourplex that recently sold in Pomona, CA 91766. This fourplex offered 12 bedrooms, 4 bathrooms, roughly 3,462 living square feet, and sits on an approximately 9,319 square foot lot. 1062 S Gordon St was first listed on ArdentRealEstateGroup.com on December 1, 2023. The homeowner sold the property for $1,636,000. Home in Pomona are selling for a median price of $720,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 120.56% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 1150 S State College Blvd and 825 S Claudina St. While the average home in Pomona, CA is selling in 47 days, 1062 S Gordon St has a days on market of 21 days. There are currently 175 homes for sale in the Pomona real estate market and 126 of them are single family homes while 32 of them are condos and 17 are townhomes. For more information on this home for sale at 1062 S Gordon St Pomona, CA 91766 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 1062 S Gordon St

Public county record property details
Beds
8
Baths
4
Year built
1981
Sq. Ft.
3,462
Lot Size
4,725
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
8341-020-030

The source for these homes facts are from public records.

91766 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$475
Total Inventory
81
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (19.05%), Other (19.05%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.