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324 N Palomares St, Pomona, CA 91767
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324 N Palomares St Pomona, CA 91767

$725,000
  • 5 Beds
  • 3 Baths
  • 1,734 Sq.Ft.
For Sale
$725,000 Get Pre-Qualified
Map preview of 324 N Palomares St, Pomona, CA 91767

Property Overview: 324 N Palomares St Pomona, CA has 5 bedrooms, 3 bathrooms, 1,734 living square feet and 6,020 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: We are pleased to exclusively offer for sale this 2 unit multi-family investment property in the city of Pomona. This single-story multifamily investment property offers an ideal blend of comfort and convenience in a prime rental location. The property features two well-maintained units: a spacious 3-bed/2-bath unit and a 2-bed/1-bath unit, together totaling 1,732 square feet of rentable living space on a 6,020 square foot lot. Situated in a predominantly single-family residential neighborhood, this property benefits from a stable rental market. Tenants will appreciate the onsite parking and a shared private backyard, perfect for outdoor relaxation. Each unit is separately metered for electricity and gas, providing efficiency and ease of management. Additionally, laundry hookups are available for both units, further enhancing the appeal of this investment opportunity. The city's historical vacancy rate for apartments remains low, reflecting strong demand and a stable rental market. Tenants are drawn to Pomona's rich cultural heritage, vibrant downtown area, and easy access to major freeways and public transportation, offering both convenience and a sense of community.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 11 minutes ago | Last updated: August 27th, 2024 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
6,020
HOA Dues
$0/mo
Year built
1895
Garage
--
Property Type:
Duplex
Status
Active
MLS#
CV24176920
City
Pomona
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $46,200
  • Net Operating Income: $30,931
  • Gross Operating Income: $44,814
  • Vacancy Allowance: $1,386
Annual Expense Breakdown
  • Total Operating Expense: $13,883
  • New Taxes: $8,599
  • Trash: $1,140
  • Insurance: $694
  • Maintenance: $2,250
  • Professional Management: $0
  • Water/Sewer: $1,200

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Property Details for 324 N Palomares St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 8337027016
  • 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 E Monterey Ave & N Palomares St
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 324 N Palomares St

Last sold for $65,000 on July 22nd, 1997

  • August, 2024

  • Aug 26, 2024

    Date

    Active

    CRMLS: CV24176920

    $725,000

    Price

  • July, 1997

  • Jul 22, 1997

    Date

    Sold (Public Records)

    Public Records

    $65,000

    Price

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Tax History for 324 N Palomares St

Assessed Value (2020): $266,495
Year Land Value Improved Value Assessed Value
2020 $213,200 $53,295 $266,495

Home Value Compared to the Market

This property vs the competition

324 N Palomares St is listed 7.41% higher than the median list price for the city of Pomona which has a median list price of $675,000. The median price per/sqft for Pomona is $458 and this home is listed at $418.11 per/sqft which puts the price per square foot 8.71% lower than the median price per square foot for the city of Pomona.

About 324 N Palomares St

Detailed summary of property

324 N Palomares St is a duplex located in Pomona, CA 91767 and is currently for sale. This duplex offers 5 bedrooms, 3 bathrooms, roughly 1,734 living square feet, and sits on an approximately 6,020 square foot lot. 324 N Palomares St was first listed on ArdentRealEstateGroup.com on August 26, 2024. The homeowner is currently asking $725,000. The median priced home in Pomona is $675,000 with a median price per square foot of $458. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 7.41% higher than the median priced home. Local competing homes currently for sale include 336 E Front St, 1002 W 8th St and 4829 Hedrick Ave. While the average home in Pomona, CA is selling in 51 days, 324 N Palomares St has a days on market of 22 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 324 N Palomares 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 324 N Palomares St

Public county record property details
Beds
--
Baths
--
Year built
1895
Sq. Ft.
1,734
Lot Size
6,020
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
8337-027-016

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%)

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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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