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1541 W Orange Grove Ave, Pomona, CA 91768
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1541 W Orange Grove Ave Pomona, CA 91768

$1,500,000
  • 4 Beds
  • 3 Baths
  • 1,880 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 1541 W Orange Grove Ave, Pomona, CA 91768

Property Overview: 1541 W Orange Grove Ave Pomona, CA has 4 bedrooms, 3 bathrooms, 1,880 living square feet and 21,931 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This triplex in Pomona is a great investment property and perfect for a developer! This property sits on a 0.5-acre lot with plenty of room for additional units on the unused lot. The city of Pomona said that 7-10 additional units could be built. This multi-family property is conveniently located near Cal Poly Pomona, Mt. San Antonio College, Claremont Colleges, Devry University, University of La Verne, and Western University. Very close to the historic Fox Theater, restaurants, pubs, shops, and Art Galleries in Downtown Pomona. Only 30 minutes from Downtown Los Angeles, 17 minutes from Ontario International Airport, and 41 minutes from John Wayne Airport. This home has 5 parks within 6.1 miles, including Frank G. Bonelli Regional Park, Millikan Planetarium, and Alf Museum of Paleontology.

Listed by Vince Kwon | BRE #01778421 | IRN Realty
Last checked: 12 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 70
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Home details

Lot Sq. Ft
21,931
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Triplex
Status
Active
MLS#
TR24039662
City
Pomona
County
Los Angeles
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,600
  • Net Operating Income: $60,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,600
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,800
  • Trash: $1,300
  • Insurance: $1,200
  • Water/Sewer: $1,300

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Property Details for 1541 W Orange Grove Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 8355021057
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Follow I-10 E to N Dudley St in Pomona. Take exit 44 from I-10 E
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 1541 W Orange Grove Ave

View property's historical transactions

  • February, 2024

  • Feb 26, 2024

    Date

    Active

    CRMLS: TR24039662

    $1,500,000

    Price

  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: TR23155430

    $2,600

    Price

  • Aug 19, 2023

    Date

    Active

    CRMLS: TR23155430

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity in the beautiful city of Pomona. Brand new laminate wood flooring! Remodeled bathroom. Fresh white paint! The property is close to Mt. Sac and Cal Poly Pomona, places of worship, shopping, restaurants, and parks. This property will go quickly! Act fast!

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Tax History for 1541 W Orange Grove Ave

Assessed Value (2020): $34,786
Year Land Value Improved Value Assessed Value
2020 $14,419 $20,367 $34,786

Home Value Compared to the Market

This property vs the competition

1541 W Orange Grove Ave is listed 118.02% higher than the median list price for the city of Pomona which has a median list price of $688,000. The median price per/sqft for Pomona is $463 and this home is listed at $797.87 per/sqft which puts the price per square foot 72.33% higher than the median price per square foot for the city of Pomona.

About 1541 W Orange Grove Ave

Detailed summary of property

1541 W Orange Grove Ave is a triplex located in Pomona, CA 91768 and is currently for sale. This triplex offers 4 bedrooms, 3 bathrooms, roughly 1,880 living square feet, and sits on an approximately 21,931 square foot lot. 1541 W Orange Grove Ave was first listed on ArdentRealEstateGroup.com on February 27, 2024. The homeowner is currently asking $1,500,000. The median priced home in Pomona is $688,000 with a median price per square foot of $463. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 118.02% higher than the median priced home. Local competing homes currently for sale include 501 Parker Dr, 1097 Richland St and 820 E Richland St. While the average home in Pomona, CA is selling in 43 days, 1541 W Orange Grove Ave has a days on market of 70 days. There are currently 175 homes for sale in the Pomona real estate market and 134 of them are single family homes while 24 of them are condos and 17 are townhomes. For more information on this home for sale at 1541 W Orange Grove Ave Pomona, CA 91768 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 1541 W Orange Grove Ave

Public county record property details
Beds
4
Baths
3
Year built
1922
Sq. Ft.
1,880
Lot Size
21,872
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
8355-021-057

The source for these homes facts are from public records.

91768 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$745,888
Median List Price/Sq.Ft.
$458
Median Sold Price
$695,000
Median Sold Price/Sq.Ft.
$483
Total Inventory
31
Median Sale to List Price %
103.75%
Avg Days on Market
29
Loan Type
Conventional (57.14%), FHA (14.29%), VA (0%), Cash (0%), Other (28.57%)

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(714) 706-1823
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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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