285 W Center St Pomona, CA 91768

$1,420,000 Sold Price as of 03/04/2020

9 Beds
9 Baths
7,488 Sq.Ft.

Off Market

$1,420,000 Sold Price as of 03/04/2020 Refinance Your Mortgage

Map preview of 285 W Center St, Pomona, CA 91768

Property Overview: 285 W Center St Pomona, CA has 9 bedrooms, 9 bathrooms, 7,488 living square feet and 7,480 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

285 W Center St 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 285 W Center St

Last sold for $1,420,000 on March 9th, 2020

March, 2020
Mar 9, 2020

Date

Sold

CRMLS: CV19284002

$1,420,000

Price
Feb 19, 2020

Date

Active Under Contract

CRMLS: CV19284002

$1,488,888

Price
Dec 20, 2019

Date

Active

CRMLS: CV19284002

$1,488,888

Price
Listing provided courtesy of CRMLS

Proforma Cap Rate 6.11%! Located in an Opportunity Zone! We are pleased to present the opportunity to acquire 285 West Center Street, a 9-unit apartment building located in Pomona, California. The property is situated on a .17 acre corner lot and has a building size of 7,488 square feet. The building consists of (eight) one bedroom/one bathroom floorplans and (one) one bedroom/one and a half bathroom floorplans with an average size of approximately 625 square feet. Five of the units have been extensively renovated and feature new plank flooring, newly remodeled kitchens with new cabinets, quartz countertops, plumbing, electrical, tiled bathroom walls and flooring, new bathroom vanities and fixtures. The property features a fenced concrete paved parking area and a pitched roof. Select units feature front porches and all the units are individually metered for gas and electricity. Center Street Apartments are an excellent opportunity for an investor looking to acquire value-add assets in an outstanding location poised for continued growth.

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March, 2020
Mar 4, 2020

Date

Sold (Public Records)

Public Records

$1,420,000

Price
January, 2020
Jan 20, 2020

Date

Leased

CRMLS: CV20009283

$1,100

Price
Jan 14, 2020

Date

Active

CRMLS: CV20009283

$1,100

Price
Listing provided courtesy of CRMLS

Newly remodeled 3rd floor apartment for rent. Completely move in ready with all new laminate floors, completely kitchen with appliances, fully remodeled bathroom. Conveniently located with in walking distance to the revitalized downtown of Pomona. Also with in walking distance to Western University of Health and Sciences.

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January, 2020
Jan 9, 2020

Date

Leased

CRMLS: CV19283020

$1,150

Price
Dec 18, 2019

Date

Active

CRMLS: CV19283020

$1,150

Price
Listing provided courtesy of CRMLS

Newly remodeled apartment for rent. Completely move in ready with all new laminate floors, completely kitchen with appliances, fully remodeled bathroom. Conveniently located with in walking distance to the revitalized downtown of Pomona. Also with in walking distance to Western University of Health and Sciences. This is an amazing opportunity with 1 other units available in the same building.

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November, 2019
Nov 27, 2019

Date

Leased

CRMLS: CV19242556

$1,200

Price
Nov 4, 2019

Date

Price Change

CRMLS: CV19242556

$1,100

Price
Oct 14, 2019

Date

Active

CRMLS: CV19242556

$1,200

Price
Listing provided courtesy of CRMLS

Newly remodeled apartment for rent. Completely move in ready with all new laminate floors, completely kitchen with appliances, fully remodeled bathroom. Conveniently located with in walking distance to the revitalized downtown of Pomona. Also with in walking distance to Western University of Health and Sciences. This is an amazing opportunity with 2 other units available in the same building.

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July, 2018
Jul 23, 2018

Date

Sold

CRMLS: AR18090761

$1,035,000

Price
Jun 7, 2018

Date

Pending

CRMLS: AR18090761

$965,000

Price
May 17, 2018

Date

Active Under Contract

CRMLS: AR18090761

$965,000

Price
May 14, 2018

Date

Pending

CRMLS: AR18090761

$965,000

Price
Apr 19, 2018

Date

Active

CRMLS: AR18090761

$965,000

Price
Listing provided courtesy of CRMLS

The Center Street Apartments. This is the first time this property is on the market in over 40 years. Do not miss this opportunity to own a piece of Pomona history. Built 1896 this property is conveniently located in the heart Pomona just blocks away from the sprawling hip and renovated Downtown Pomona which features historic mixed used retail properties, art galleries, antiques shops, entertainment venues, bars, restaurants, shopping, and public transportation. This apartment building is an investors delight with lots of upside and great potential!! with ease of management, low expenses and future rental upside and stable tenant profile. This building has a total of 9 units all 1 bedroom, 1 bath with new exterior painting, sprinkler system and roof installed in 2013. This is a truly rare offering located in growing up and coming city of Pomona.

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July, 2018
Jul 23, 2018

Date

Sold (Public Records)

Public Records

$1,035,000

Price

Tax History for 285 W Center St

Assessed Value (2020): $1,055,700

Year	Land Value	Improved Value	Assessed Value
2020	$545,700	$510,000	$1,055,700

About 285 W Center St

Detailed summary of property

285 W Center St is categorized with a use code of Apartment House (5+ Units) in Pomona, CA 91768 and last sold on March 4, 2020 for $1,420,000. This property has 9 bedrooms, 9 bathrooms, roughly 7,488 living square feet, and sits on an approximately 7,480 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 107.3% higher than the current median priced home. 285 W Center St was last sold on March 4, 2020 for $1,420,000. Local nearby listings include 626 E Columbia Ave, 639 E Columbia Ave and 902 E 6th St. 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 285 W Center St Pomona, CA 91768 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 285 W Center St

Public county record property details

Beds: 9
Baths: 9
Year built: 1896
Sq. Ft.: 7,488
Lot Size: 7,480
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14,15
APN: 8336-023-011

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

$704,952

Median List Price/Sq.Ft.

$452

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$453

Total Inventory

Median Sale to List Price %

102.33%

Avg Days on Market

Loan Type

Conventional (41.67%), FHA (16.67%), VA (16.67%), Cash (8.33%), Other (16.67%)

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

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