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601 Wisconsin St, Pomona, CA 91768
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601 Wisconsin St Pomona, CA 91768

$4,100,000 Sold Price as of 04/05/2024
  • 23 Beds
  • 19 Baths
  • 12,915 Sq.Ft.
Sold
$4,100,000 Sold Price as of 04/05/2024 Refinance Your Mortgage
Map preview of 601 Wisconsin St, Pomona, CA 91768

Property Overview: 601 Wisconsin St Pomona, CA has 23 bedrooms, 19 bathrooms, 12,915 living square feet and 19,981 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6.15% CAP Rate!...11.73 GRM!...Turn-Key Asset!...Need we say more? We are pleased to exclusively offer for sale this 15 unit multi-family asset in the city of Pomona. Recent property improvements include: 12 of the 15 rental units have been totally remodeled consisting of recessed lighting throughout, lavish kitchens with natural stone counters & shaker style cabinetry, new range ovens, new wood laminate flooring throughout, fully remodeled restrooms with modern vanity and fiberglass shower surround, new mirrored wardrobe closets, and new wall A/C & heater installed. ALL rental units received new entry doors, new dual pane windows, and copper plumbing throughout. The unit mix consists of 1(2Bed+Den/1.5Bths), 7(2Bed/1.5Bths), and 7(1Bed/1Baths). Tenants enjoy onsite car-port parking, private gated entry with remote, and an onsite laundry facility which is technologically equipped and App-Enabled. Priced at a current 6.15% CAP Rate and 11.73 GRM (based on current rental income) this property offers a new investor not only a significant cash return on Day 1, but an investment property that has been meticulously maintained with little future maintenance required.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 3 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
19,981
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
CV23221841
City
Pomona
County
Los Angeles
Time on Site
209 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
  • # of Leased Units: 15
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # 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: $1,785
  • Total Rent: $1,785
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,358
  • Total Rent: $2,358
  • Pro Forma/Market Rent: $2,375
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,745
  • Total Rent: $1,745
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $6,285
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,946
  • Total Rent: $1,946
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 8
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,810
  • Total Rent: $3,620
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,914
  • Total Rent: $1,914
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,913
  • Total Rent: $1,913
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,810
  • Total Rent: $1,810
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,785
  • Total Rent: $1,785
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $349,519
  • Net Operating Income: $253,140
  • Gross Operating Income: $339,034
  • Vacancy Allowance: $10,486
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $85,894
  • Electric: $552
  • Gas/Fuel: $4,200
  • New Taxes: $48,796
  • Trash: $5,621
  • Insurance: $7,500
  • Maintenance: $10,875
  • Professional Management: $0
  • Water/Sewer: $6,100
  • Other Expenses: $2,250
  • Other Expense Description: Reserves

Property Details for 601 Wisconsin St

Interior Features
Laundry Information
  • Has Laundry
  • Community, Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
Lot Information
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 8340018019
  • 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-57; Near Intersection of W Holt Ave & Wisconsin St
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 601 Wisconsin St

Last sold for $4,100,000 on April 5th, 2024

  • April, 2024

  • Apr 5, 2024

    Date

    Sold

    CRMLS: CV23221841

    $4,100,000

    Price

  • Dec 6, 2023

    Date

    Active

    CRMLS: CV23221841

    $4,100,000

    Price

  • December, 2023

  • Dec 1, 2023

    Date

    Expired

    CRMLS: CV23162537

    $4,295,000

    Price

  • Aug 30, 2023

    Date

    Active

    CRMLS: CV23162537

    $4,400,000

    Price

  • Listing provided courtesy of CRMLS

    TURN-KEY ASSET, 5.77% CAP Rate, 12.48 GRM!!! We are pleased to exclusively offer for sale this 15 unit multi-family asset in the city of Pomona. Recent property improvements include: 12 of the 15 rental units have been totally remodeled consisting of recessed lighting throughout, lavish kitchens with natural stone counters & shaker style cabinetry, new range ovens, new wood laminate flooring throughout, fully remodeled restrooms with modern vanity and fiberglass shower surround, new mirrored wardrobe closets, and new wall A/C & heater installed. ALL rental units received new entry doors, new dual pane windows, and copper plumbing throughout. The unit mix consists of 1(2Bed+Den/1.5Bths), 7(2Bed/1.5Bths), and 7(1Bed/1Baths). Tenants enjoy onsite car-port parking, private gated entry with remote, and an onsite laundry facility which is technologically equipped and App-Enabled. Priced at a current 5.77% CAP Rate and 12.48 GRM (based on current rental income) this property offers a new investor not only a significant cash return on Day 1, but an investment property that has been meticulously maintained with little future maintenance required.

  • March, 2023

  • Mar 14, 2023

    Date

    Expired

    CRMLS: CV22228397

    $4,275,000

    Price

  • Oct 24, 2022

    Date

    Active

    CRMLS: CV22228397

    $4,425,000

    Price

  • Listing provided courtesy of CRMLS

    NEW PRICE! Current 5.6% CAP RATE, 12.78 GRM for a "Turn-Key" multi-family investment! We are pleased to exclusively offer for sale this 15 unit multi-family asset in the city of Pomona. Recent property improvements include: 12 of the 15 rental units have been totally remodeled consisting of recessed lighting throughout, lavish kitchens with natural stone counters & shaker style cabinetry, new range ovens, new wood laminate flooring throughout, fully remodeled restrooms with modern vanity and fiberglass shower surround, new mirrored wardrobe closets, and new wall A/C & heater installed. ALL rental units received new entry doors, new dual pane windows, and copper plumbing throughout. The unit mix is comprised of 1(2Bed+Den/1.5Bths), 7(2Bed/1.5Bths), and 7(1Bed/1Baths). Tenants enjoy onsite car-port parking, private gated entry with remote, and an onsite laundry facility which is technologically equipped and App-Enabled. Priced at a current 5.6% CAP Rate and 12.78 GRM (based on current rental income) this property offers a new investor not only a significant cash return on Day 1, but an investment property that has been meticulously maintained with little future maintenance required.

  • August, 2019

  • Aug 12, 2019

    Date

    Sold

    CRMLS: 19474808

    $3,300,000

    Price

  • Aug 2, 2019

    Date

    Pending

    CRMLS: 19474808

    $3,300,000

    Price

  • Jun 19, 2019

    Date

    Active Under Contract

    CRMLS: 19474808

    $3,300,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: 19474808

    $3,300,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an Excellent Unit Mix of ONE (2 Bed + Den + 1.5 Bath Large Owner's Unit), SEVEN (2 Bed + 1.5 Bath) and SEVEN (1 Bed + 1 Bath) Spacious Units. With Attractive Financing Available and 12.08 GIM & 5.98% Cap Rate on Current Rents, you can immediately see a profit. Additional Income Procured from the On-Site Laundry Room is a win-win situation for the Landlord AND Tenant. Nestled in a Predominantly Single-Family Residential Neighborhood, this investment opportunity is a Short Drive to Cal Poly Pomona and Claremont Colleges, which makes this desirable for families with an older child. The Large 19,981 Sq.Ft. Lot provides 14 Gated/Covered Parking Spaces & 1 Garage with Secured Entry to Building. Property is Situated Within Close Proximity to the Pomona Station Metro Link and Interstate 10 which helps out with tenants' work commute. Walking Distance to Many Shops and Restaurants.

  • August, 2019

  • Aug 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,300,000

    Price

  • September, 2017

  • Sep 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

Show More

Tax History for 601 Wisconsin St

Assessed Value (2020): $3,300,600
Year Land Value Improved Value Assessed Value
2020 $1,400,000 $1,900,600 $3,300,600

Home Value Compared to the Market

This property vs the competition

601 Wisconsin St sold on April 5, 2024 for 511.94% higher than the current median sold price for the city of Pomona which is $670,000. The median sold price per/sqft for Pomona is $470 and this home is sold at $317.46 per/sqft which puts the price per square foot 32.46% lower than the current median sale per square foot for the city of Pomona.

About 601 Wisconsin St

Detailed summary of property

601 Wisconsin St is a apartment that recently sold in Pomona, CA 91768. This apartment offered 23 bedrooms, 19 bathrooms, roughly 12,915 living square feet, and sits on an approximately 19,981 square foot lot. 601 Wisconsin St was first listed on ArdentRealEstateGroup.com on December 7, 2023. The homeowner sold the property for $4,100,000. Home in Pomona are selling for a median price of $670,000 and a median price per square foot of $470. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 511.94% higher than the current median priced home. Local homes that are currently for sale include 603 E Balboa Blvd, 1532 Miramar Drive and 1532 Miramar Drive. While the average home in Pomona, CA is selling in 48 days, 601 Wisconsin St has a days on market of 20 days. There are currently 168 homes for sale in the Pomona real estate market and 123 of them are single family homes while 29 of them are condos and 16 are townhomes. For more information on this home for sale at 601 Wisconsin 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 601 Wisconsin St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
12,915
Lot Size
19,980
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,6-7
APN
8340-018-019

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
$670,000
Median List Price/Sq.Ft.
$458
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$478
Total Inventory
43
Median Sale to List Price %
103.42%
Avg Days on Market
27
Loan Type
Conventional (66.67%), FHA (0%), VA (22.22%), Cash (11.11%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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