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252 San Francisco Ave, Pomona, CA 91767
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252 San Francisco Ave Pomona, CA 91767

$1,200,000 Sold Price as of 12/07/2023
  • 8 Beds
  • 6 Baths
  • 3,377 Sq.Ft.
Sold
$1,200,000 Sold Price as of 12/07/2023 Refinance Your Mortgage
Map preview of 252 San Francisco Ave, Pomona, CA 91767

Property Overview: 252 San Francisco Ave Pomona, CA has 8 bedrooms, 6 bathrooms, 3,377 living square feet and 7,864 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRIVATE SELLER FINANCING WITH 25% DOWN!!! We are pleased to exclusively for sale this 6 Unit multi-family residential property in the city of Pomona. Comprising six units with a mix of: two 2Bedroom/1Bathroom cottages, and four 1bedroom/1Bathroom units, this property is ideal for investors seeking a value-add project. Each unit is separately metered for gas and electricity, enhancing ease of management. The 5 on-site garage parking spaces offer additional potential for income through ADU conversions (buyer to confirm with the proper city authorities.) The financials are compelling with a current GRM of 13.19 and a cap rate of 5.19% with an additional 50% upside in Rental Income, indicating a solid investment with room for increased cash-flow and appreciation. The seller's financing terms are attractive: 25% down payment, interest-only payments at 7% rate, with the loan due and PAYABLE in 5 years. This is an excellent opportunity for investors looking to expand their portfolio with a property that offers significant upside potential in a desirable location.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 5 minutes ago | Last updated: December 7th, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
7,864
HOA Dues
$0/mo
Year built
1937
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
CV23214289
City
Pomona
County
Los Angeles
Time on Site
303 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $1,405
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,355
  • Total Rent: $1,355
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $85,320
  • Net Operating Income: $55,625
  • Gross Operating Income: $82,760
  • Vacancy Allowance: $2,560
Annual Expense Breakdown
  • Total Operating Expense: $27,136
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,180
  • Trash: $3,156
  • Insurance: $3,000
  • Maintenance: $4,500
  • Professional Management: $0
  • Water/Sewer: $2,400
  • Other Expenses: $900
  • Other Expense Description: Reserves

Property Details for 252 San Francisco Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 8336003019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of I-10, East of CA-71; Near the Intersection of Bradford St & San Francisco Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 252 San Francisco Ave

Last sold for $1,200,000 on December 7th, 2023

  • December, 2023

  • Dec 7, 2023

    Date

    Sold

    CRMLS: CV23214289

    $1,200,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: CV23214289

    $1,125,000

    Price

Tax History for 252 San Francisco Ave

Assessed Value (2020): $175,991
Year Land Value Improved Value Assessed Value
2020 $31,656 $144,335 $175,991

Home Value Compared to the Market

This property vs the competition

252 San Francisco Ave sold on December 7, 2023 for 64.23% higher than the current median sold price for the city of Pomona which is $685,000. The median sold price per/sqft for Pomona is $468 and this home is sold at $333.14 per/sqft which puts the price per square foot 28.82% lower than the current median sale per square foot for the city of Pomona.

About 252 San Francisco Ave

Detailed summary of property

252 San Francisco Ave is a apartment that recently sold in Pomona, CA 91767. This apartment offered 8 bedrooms, 6 bathrooms, roughly 3,377 living square feet, and sits on an approximately 7,864 square foot lot. 252 San Francisco Ave was first listed on ArdentRealEstateGroup.com on November 20, 2023. The homeowner sold the property for $1,200,000. Home 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 64.23% higher than the current median priced home. Local homes that are currently for sale include 884 N Cota St, 896 N Cota St and 2519 N Canal St. While the average home in Pomona, CA is selling in 51 days, 252 San Francisco Ave has a days on market of 7 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. For more information on this home for sale at 252 San Francisco Ave Pomona, CA 91767 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 252 San Francisco Ave

Public county record property details
Beds
7
Baths
6
Year built
1937
Sq. Ft.
3,377
Lot Size
7,864
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
8336-003-019

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
$660,000
Median List Price/Sq.Ft.
$449
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$457
Total Inventory
71
Median Sale to List Price %
100.29%
Avg Days on Market
26
Loan Type
Conventional (33.33%), FHA (33.33%), VA (4.17%), Cash (25%), Other (4.17%)

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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