577 Weber St Pomona, CA 91768

$1,655,000 Sold Price as of 05/08/2018

3 Beds
7 Baths
3,184 Sq.Ft.

Off Market

$1,655,000 Sold Price as of 05/08/2018 Refinance Your Mortgage

Map preview of 577 Weber St, Pomona, CA 91768

Property Overview: 577 Weber St Pomona, CA has 3 bedrooms, 7 bathrooms, 3,184 living square feet and 7,429 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

577 Weber 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 $679,000. The median price per/sqft for Pomona is $456. 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 $135,800 for the down payment and will need roughly $13,580 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 577 Weber St

Last sold for $1,655,000 on May 8th, 2018

May, 2018
May 8, 2018

Date

Sold (Public Records)

Public Records

$1,655,000

Price
February, 2018
Feb 20, 2018

Date

Expired

CRMLS: CV18024314

$1,645,000

Price
Feb 1, 2018

Date

Active

CRMLS: CV18024314

$1,645,000

Price
Listing provided courtesy of CRMLS

The investment offering is a 12-unit multi-family asset located at 547-577 Weber Street in Pomona, California. The property is situated on two separate legal parcels and the combined lot size is 16,014 square feet. The single story property was built in 1946 and the two story property was built in 1958. The seven unit property located at 577-589 Weber Street has a unit mix of three one bedroom / one bath units and four studios. There is one building which is two-stories with a pitched composition roof. There are seven carport parking spaces. The five unit property located at 545-553 Weber Street has a unit mix of two one bedroom /one bath units and three studios. There are two buildings on said site and both are single story with pitched composition roofs. There are a total of six open parking spaces. Each Unit has a gas oven and stove, garbage disposals, gas wall heater and wall A/C units. All 12 units are master-metered and the owner is responsible for all utilities including electric, gas, water/sewer and trash. The seller has owned the Weber Apartments for 35+ years and the property is situated on a quiet residential street. With the current rents estimated at 15 percent below market rates, coupled with the upside in re-positioning the property with exterior/interior renovations, this is a true value add opportunity!

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Tax History for 577 Weber St

Assessed Value (2020): $968,807

Year	Land Value	Improved Value	Assessed Value
2020	$312,120	$656,687	$968,807

About 577 Weber St

Detailed summary of property

577 Weber St is categorized with a use code of Apartment House (5+ Units) in Pomona, CA 91768 and last sold on May 8, 2018 for $1,655,000. This property has 3 bedrooms, 7 bathrooms, roughly 3,184 living square feet, and sits on an approximately 7,429 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 141.61% higher than the current median priced home. 577 Weber St was last sold on May 8, 2018 for $1,655,000. Local nearby listings include 115 S Myrtle Ave, 135 S Myrtle Ave and 1509 Stratus St. The average home in Pomona, CA is selling in 52 days. There are currently 222 homes for sale in the Pomona real estate market and 152 of them are single family homes while 31 of them are condos and 39 are townhomes. If you are the homeowner and looking to sell the home at 577 Weber 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 577 Weber St

Public county record property details

Beds: 3
Baths: 7
Year built: 1958
Sq. Ft.: 3,184
Lot Size: 7,429
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 8357-017-026

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

$706,952

Median List Price/Sq.Ft.

$446

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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(714) 706-1823

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