1148 W Grand Ave Pomona, CA 91766

$2,200,000 Sold Price as of 02/10/2020

8 Beds
4 Baths
3,072 Sq.Ft.

Off Market

$2,200,000 Sold Price as of 02/10/2020 Refinance Your Mortgage

Map preview of 1148 W Grand Ave, Pomona, CA 91766

Property Overview: 1148 W Grand Ave Pomona, CA has 8 bedrooms, 4 bathrooms, 3,072 living square feet and 16,946 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1148 W Grand Ave is currently an off market home in the city of Pomona. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pomona has a median list price of $675,000. The median price per/sqft for Pomona is $458. With those numbers in mind, if you are looking to purchase a median priced home in Pomona, CA and put 20% down you will need to save up $135,000 for the down payment and will need roughly $13,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pomona the commission could be as much as $34,250. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1148 W Grand Ave

Last sold for $2,200,000 on February 11th, 2020

February, 2020
Feb 11, 2020

Date

Sold

CRMLS: CV19217168

$2,200,000

Price
Dec 5, 2019

Date

Pending

CRMLS: CV19217168

$2,300,000

Price
Oct 29, 2019

Date

Active

CRMLS: CV19217168

$2,300,000

Price
Oct 23, 2019

Date

Hold

CRMLS: CV19217168

$2,300,000

Price
Oct 11, 2019

Date

Active

CRMLS: CV19217168

$2,300,000

Price
Oct 8, 2019

Date

Hold

CRMLS: CV19217168

$2,300,000

Price
Oct 8, 2019

Date

Active

CRMLS: CV19217168

$2,300,000

Price
Oct 2, 2019

Date

Hold

CRMLS: CV19217168

$2,300,000

Price
Sep 11, 2019

Date

Active

CRMLS: CV19217168

$2,300,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale for the first time since initial construction this rare 11 unit multi-family opportunity in the city of Pomona. The subject property is comprised of 9 single-story detached cottage style units of which there are (1) 3-Bed/2-Bath, (2) 3-Bed/1-Bath, (3) 2-Bed/1-Bath and (3) 1-Bed/1-Bath cottages. The 9 cottages are situated on two adjoining lots which can be sold individually in the future. The lot addressed 1148 W. Grand Avenue has 4 cottages on it while the lot addressed 1140 W. Grand Avenue contains the remaining 5 units (plus 2 "non-conforming units".) Each cottage has an attached one-car garage, individual laundry hookups, as well as individual private backyards. Eight of the cottage style units pay for ALL utilities including gas, electricity, & water. The two non-conforming units are included in the legal square footage and have been utilized as living quarters for the last 30 years. They are comprised of one Studio unit which is part of the legal square footage of the main 3 bedroom house, and the remaining non-conforming unit is a 1 Bedroom/1 Bathroom and also legal square footage of the structure behind it. With the current rental rates in place a new investor can look to earn a cash-on-cash return of 5.52% upon close of escrow, and with some modest improvement a value-add opportunity of over 8.8%+ cash-on-cash return!

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February, 2020
Feb 10, 2020

Date

Sold (Public Records)

Public Records

$2,200,000

Price

Tax History for 1148 W Grand Ave

Assessed Value (2020): $184,296

Year	Land Value	Improved Value	Assessed Value
2020	$64,388	$119,908	$184,296

About 1148 W Grand Ave

Detailed summary of property

1148 W Grand Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Pomona, CA 91766 and last sold on February 10, 2020 for $2,200,000. This property has 8 bedrooms, 4 bathrooms, roughly 3,072 living square feet, and sits on an approximately 16,946 square foot lot. Homes in Pomona are selling for a median price of $685,000 and a median price per square foot of $468. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 221.17% higher than the current median priced home. 1148 W Grand Ave was last sold on February 10, 2020 for $2,200,000. Local nearby listings include 981 Rodeo Rd, 1706 Denison St and 3 Honeysuckle Court. The average home in Pomona, CA is selling in 51 days. There are currently 221 homes for sale in the Pomona real estate market and 152 of them are single family homes while 32 of them are condos and 37 are townhomes. If you are the homeowner and looking to sell the home at 1148 W Grand 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 1148 W Grand Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1955
Sq. Ft.: 3,072
Lot Size: 16,946
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 8343-013-041

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

$688,000

Median List Price/Sq.Ft.

$475

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$488

Total Inventory

105

Median Sale to List Price %

98.51%

Avg Days on Market

Loan Type

Conventional (46.43%), FHA (17.86%), VA (0%), Cash (21.43%), Other (14.29%)

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(714) 706-1823

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