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1760 Cordova St, Pomona, CA 91767
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1760 Cordova St Pomona, CA 91767

$1,085,000 Sold Price as of 08/16/2021
  • 8 Beds
  • 6 Baths
  • 4,350 Sq.Ft.
Sold
$1,085,000 Sold Price as of 08/16/2021 Refinance Your Mortgage
Map preview of 1760 Cordova St, Pomona, CA 91767

Property Overview: 1760 Cordova St Pomona, CA has 8 bedrooms, 6 bathrooms, 4,350 living square feet and 8,186 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ****PRICE REDUCTION****Highlights: Offering An Actual CAP Rate of 4.90% with a ProForma CAP Rate of 5.51%. ProForma CAP Rate is Based on Leveling Off Current Rents. Offering An Actual GRM of 13.24 with a ProForma GRM of 11.90. Pride Of Ownership, Absolute Turn Key, Recent Capital Improvements Exceeding $15,000+. Improvements include but are not limited to, Flooring, Paint, Window Frames, Bathroom Vanities, Wall A/C Units, and Heaters. Rental Comparables Illustrate a 98% Occupancy Area. The Apartment is 100% Occupied With 100% Rent Collections. The Casa Cordova Apartments are located on the major cross streets of Indian Hill Blvd. and San Bernardino Ave. The property is situated on a 0.19 acre lot and is composed of (4) one bedroom one bath units and (2) two bedroom one bathroom units. The Tenants are awarded with an onsite laundry facility, gated entry, and covered parking. The property is located minutes away from Montvue Elementary, Pomona High School, and has easy access to the 10 Freeway. Located 8 minutes (3.0 Miles) from Pomona Valley Hospital. Best Regional Hospital, Top 13% in Nation according to U.S. News & World Report. This property is a true turnkey asset for prospective buyers who are looking for peace of mind, knowing they invest in a quality property that will require minimal maintenance for decades to come.

Listed by ALBERT LE | BRE #01468313 | LE INVESTMENT GROUP
Last checked: 9 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
8,186
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IV21103468
City
Pomona
County
Los Angeles
Time on Site
1085 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,540
  • Total Rent: $4,540
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,382
  • Total Rent: $2,382
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.51%
  • Gross Rent Multiplier: 11.9
  • Gross Scheduled Income: $92,400
  • Net Operating Income: $60,622
  • Gross Operating Income: $90,210
  • Vacancy Allowance: $2,790
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: $29,588
  • Electric: $300
  • Gas/Fuel: $2,173
  • Licenses: $500
  • New Taxes: $13,188
  • Trash: $2,405
  • Gardener: $840
  • Insurance: $2,244
  • Maintenance: $2,706
  • Professional Management: $0
  • Water/Sewer: $3,522
  • Other Expenses: $1,050
  • Other Expense Description: Marketin

Property Details for 1760 Cordova St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 8318022007
  • 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: 10 Fwy exit Indian Hill Blvd and go South, West on San Bernardino Ave., North on Cordova St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 1760 Cordova St

Last sold for $1,085,000 on August 16th, 2021

  • October, 2022

  • Oct 17, 2022

    Date

    Canceled

    CRMLS: OC22210961

    $1,565,000

    Price

  • Sep 29, 2022

    Date

    Active

    CRMLS: OC22210961

    $1,565,000

    Price

  • Listing provided courtesy of CRMLS

    Please call for details. Please do not disturb tenants. All property tours and visits to be scheduled in advance. Offering memorandum coming soon.

  • August, 2021

  • Aug 17, 2021

    Date

    Sold

    CRMLS: IV21103468

    $1,085,000

    Price

  • Aug 3, 2021

    Date

    Pending

    CRMLS: IV21103468

    $1,100,000

    Price

  • Jul 28, 2021

    Date

    Price Change

    CRMLS: IV21103468

    $1,100,000

    Price

  • Jun 5, 2021

    Date

    Price Change

    CRMLS: IV21103468

    $1,175,000

    Price

  • May 27, 2021

    Date

    Price Change

    CRMLS: IV21103468

    $1,199,000

    Price

  • May 14, 2021

    Date

    Active

    CRMLS: IV21103468

    $1,230,000

    Price

  • March, 2018

  • Mar 27, 2018

    Date

    Sold

    CRMLS: IV17247651

    $842,500

    Price

  • Jan 6, 2018

    Date

    Pending

    CRMLS: IV17247651

    $895,000

    Price

  • Nov 9, 2017

    Date

    Active Under Contract

    CRMLS: IV17247651

    $895,000

    Price

  • Oct 31, 2017

    Date

    Active

    CRMLS: IV17247651

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity in a highly sought after location. The property is located minutes from the 10 Freeway, Montclair Place Indoor Shopping Mall and is walking distance to San Antonio High School. The Property is situated on a 0.19 acre lot with 6 units made up of 4 one bedroom one bath units and 2 two bedroom one bath units. Current CAP rate is 4.75% with a Proforma CAP rate of 5.59%.

  • March, 2018

  • Mar 22, 2018

    Date

    Sold (Public Records)

    Public Records

    $842,500

    Price

  • October, 2017

  • Oct 26, 2017

    Date

    Expired

    CRMLS: 317005813

    $895,000

    Price

  • Jul 28, 2017

    Date

    Active

    CRMLS: 317005813

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    Here's the chance you've been waiting for! You can now be the owner of these beautiful apartments situated in Prime Location. Only minutes away from the 10 Freeway & main streets such as San Bernardino Ave/Indian Hill Blvd, these apartments will never encounter a shortage of tenants looking to live in them. NOTE: Future owner, these apartments are NOT rent controlled. Buyer/Buyer Agent to verify all information and rely on their own investigations. Seller/Seller Agent does not insure the accuracy of the Square footage. Property to be sold in AS IS condition. Do NOT Disturb Tenants.

  • January, 2016

  • Jan 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 1760 Cordova St

Assessed Value (2020): $878,207
Year Land Value Improved Value Assessed Value
2020 $416,160 $462,047 $878,207

Home Value Compared to the Market

This property vs the competition

1760 Cordova St sold on August 16, 2021 for 67.94% higher than the current median sold price for the city of Pomona which is $655,000. The median sold price per/sqft for Pomona is $451 and this home is sold at $252.87 per/sqft which puts the price per square foot 43.93% lower than the current median sale per square foot for the city of Pomona.

About 1760 Cordova St

Detailed summary of property

1760 Cordova St is a multi family that recently sold in Pomona, CA 91767. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,350 living square feet, and sits on an approximately 8,186 square foot lot. 1760 Cordova St was first listed on ArdentRealEstateGroup.com on May 14, 2021. The homeowner sold the property for $1,085,000. Home in Pomona are selling for a median price of $655,000 and a median price per square foot of $451. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 67.94% higher than the current median priced home. Local homes that are currently for sale include 1185 W Grand Blvd, 5337 La Sierra Ave and 8529 Oleander Ave. While the average home in Pomona, CA is selling in 44 days, 1760 Cordova St has a days on market of 80 days. There are currently 161 homes for sale in the Pomona real estate market and 124 of them are single family homes while 21 of them are condos and 16 are townhomes. For more information on this home for sale at 1760 Cordova St Pomona, CA 91767 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 1760 Cordova St

Public county record property details
Beds
8
Baths
6
Year built
1959
Sq. Ft.
4,350
Lot Size
8,186
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
8318-022-007

The source for these homes facts are from public records.

91767 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$463
Median Sold Price
$634,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
64
Median Sale to List Price %
101.6%
Avg Days on Market
16
Loan Type
Conventional (55%), FHA (20%), VA (0%), Cash (15%), Other (5%)

Thinking of Selling?

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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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