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1090 S Towne Ave, Pomona, CA 91766
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1090 S Towne Ave Pomona, CA 91766

$2,380,000 Sold Price as of 06/14/2021
  • 14 Beds
  • 13 Baths
  • 9,543 Sq.Ft.
Sold
$2,380,000 Sold Price as of 06/14/2021 Refinance Your Mortgage
Map preview of 1090 S Towne Ave, Pomona, CA 91766

Property Overview: 1090 S Towne Ave Pomona, CA has 14 bedrooms, 13 bathrooms, 9,543 living square feet and 26,302 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Marvin Byrne | BRE #01430606 | Keller Williams Realty
Last checked: 9 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
26,302
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21130920
City
Pomona
County
Los Angeles
Time on Site
1111 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 3
  • # of Leased Units: 13
  • # of Electric Meters: 13
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $970
  • Total Rent: $970
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $1,020
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,065
  • Total Rent: $1,065
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,080
  • Total Rent: $1,080
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $450
  • Total Rent: $450
  • Pro Forma/Market Rent: $750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.53%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $160,920
  • Net Operating Income: $109,555
  • Gross Operating Income: $163,320
  • Vacancy Allowance: $0
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $53,766
  • Electric: $2,535
  • Gas/Fuel: $0
  • New Taxes: $31,750
  • Trash: $2,833
  • Gardener: $1,800
  • Insurance: $3,550
  • Maintenance: $4,052
  • Professional Management: $4,200
  • Water/Sewer: $3,045

Property Details for 1090 S Towne Ave

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Individual Room, Washer Included
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
Lot Information
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Total # of Units: 13
  • Parcel Number: 8333004037
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Grand, West of San Antonio, East of Garey, South of Mission
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Pomona Agent

Sale History for 1090 S Towne Ave

Last sold for $2,380,000 on June 14th, 2021

  • June, 2021

  • Jun 16, 2021

    Date

    Sold

    CRMLS: PW21130920

    $2,380,000

    Price

  • Jun 16, 2021

    Date

    Active

    CRMLS: PW21130920

    $2,425,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: PW20143460

    $2,425,000

    Price

  • Feb 18, 2021

    Date

    Price Change

    CRMLS: PW20143460

    $2,425,000

    Price

  • Jul 20, 2020

    Date

    Active

    CRMLS: PW20143460

    $2,540,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: PW20143396

    $2,425,000

    Price

  • Feb 18, 2021

    Date

    Price Change

    CRMLS: PW20143396

    $2,425,000

    Price

  • Jul 20, 2020

    Date

    Active

    CRMLS: PW20143396

    $2,540,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2005

  • Oct 28, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1090 S Towne Ave

Assessed Value (2020): $1,896,711
Year Land Value Improved Value Assessed Value
2020 $1,249,564 $647,147 $1,896,711

Home Value Compared to the Market

This property vs the competition

1090 S Towne Ave sold on June 14, 2021 for 261.94% higher than the current median sold price for the city of Pomona which is $670,000. The median sold price per/sqft for Pomona is $470 and this home is sold at $254.11 per/sqft which puts the price per square foot 45.93% lower than the current median sale per square foot for the city of Pomona.

About 1090 S Towne Ave

Detailed summary of property

1090 S Towne Ave is a multi family that recently sold in Pomona, CA 91766. This multi family property offered 14 bedrooms, 13 bathrooms, roughly 9,543 living square feet, and sits on an approximately 26,302 square foot lot. 1090 S Towne Ave was first listed on ArdentRealEstateGroup.com on June 16, 2021. The homeowner sold the property for $2,380,000. Home in Pomona are selling for a median price of $670,000 and a median price per square foot of $470. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 261.94% higher than the current median priced home. Local homes that are currently for sale include 12611 Morningside Ave, 12642 Kalnor Ave and 3643 Brockton Ave. There are currently 168 homes for sale in the Pomona real estate market and 123 of them are single family homes while 29 of them are condos and 16 are townhomes. For more information on this home for sale at 1090 S Towne Ave Pomona, CA 91766 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 1090 S Towne Ave

Public county record property details
Beds
14
Baths
13
Year built
1968
Sq. Ft.
9,543
Lot Size
26,288
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
8333-004-037

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
$665,000
Median List Price/Sq.Ft.
$461
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$475
Total Inventory
74
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%)

Thinking of Selling?

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Recently Sold Homes Near 1090 S Towne Ave

1021 S Towne Ave, Pomona, CA 91766
$835,000 Last Sold Price
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2 Baths
1907 Sq.Ft.
1021 S Towne Ave
Pomona, CA 91766
780 9th, Pomona, CA 91766
$750,000 Last Sold Price
24 Beds
16 Baths
3056 Sq.Ft.
780 9th
Pomona, CA 91766
998 S Eleanor St, Pomona, CA 91766
$950,000 Last Sold Price
6 Beds
4 Baths
2600 Sq.Ft.
998 S Eleanor St
Pomona, CA 91766
873 S Towne, Pomona, CA 91766
$680,000 Last Sold Price
3 Beds
2 Baths
1700 Sq.Ft.
873 S Towne
Pomona, CA 91766

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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.

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