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602 Karesh Ave, Pomona, CA 91767
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602 Karesh Ave Pomona, CA 91767

$1,320,000
  • 6 Beds
  • 6 Baths
  • 3,838 Sq.Ft.
For Sale
$1,320,000 Get Pre-Qualified
Map preview of 602 Karesh Ave, Pomona, CA 91767

Property Overview: 602 Karesh Ave Pomona, CA has 6 bedrooms, 6 bathrooms, 3,838 living square feet and 7,098 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: Great opportunity for investor . All 6 unit 100% fully occupied . Building square feet : 3838 . Lot size : 7098 . Property has upside rent potential .Tenant pay electricity owner pay gas and water . Property 7 minute drive distance to the Western University of Health Sciences and American Museum of Ceramic Art and 16 minute drive distance to the Pomona Fairplex and Cal-Poly Pomona . Good location . There is a laundry room but no washer and dryer . But could be used , if you want to make extra money just buy washer and dryer for tenant .

Listed by LILY WANG | BRE #01321428 | KO TAI REALTY
Co-listed by HSIEN HSU | BRE #01321494 | KO TAI REALTY
Last checked: 11 minutes ago | Last updated: January 19th, 2024 | Source CRMLS | DOM: 296
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Home details

Lot Sq. Ft
7,098
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Apartment
Status
Active
MLS#
WS23111970
City
Pomona
County
Los Angeles
Time on Site
315 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 1
  • # 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: $1,155
  • Total Rent: $1,155
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,380
  • Total Rent: $1,380
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,035
  • Total Rent: $1,035
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,530
  • Total Rent: $1,410
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.81%
  • Gross Rent Multiplier: 14.16
  • Gross Scheduled Income: $93,240
  • Net Operating Income: $63,598
  • Gross Operating Income: $93,240
Annual Expense Breakdown
  • Total Operating Expense: $29,641
  • Electric: $451
  • Gas/Fuel: $0
  • Licenses: $220
  • New Taxes: $13,483
  • Trash: $2,532
  • Gardener: $1,200
  • Insurance: $3,764
  • Maintenance: $550
  • Professional Management: $0
  • Water/Sewer: $2,220

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Property Details for 602 Karesh Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Public Records
  • Common Interest: Condominium
Property Information
  • Common Walls: 1 Common Wall, End Unit
  • Total # of Units: 6
  • Parcel Number: 8323029001
  • Year Built Source: Public Records
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Karesh Ave and Pasadena St .
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 602 Karesh Ave

Last sold for $1,000,000 on July 12th, 2021

  • June, 2023

  • Jun 23, 2023

    Date

    Canceled

    CRMLS: WS22123420

    $1,320,000

    Price

  • Jun 8, 2022

    Date

    Active

    CRMLS: WS22123420

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2023

  • Jun 23, 2023

    Date

    Active

    CRMLS: WS23111970

    $1,300,000

    Price

  • July, 2021

  • Jul 12, 2021

    Date

    Sold

    CRMLS: PW21079631

    $1,000,000

    Price

  • Jun 18, 2021

    Date

    Pending

    CRMLS: PW21079631

    $1,075,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: PW21079631

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent 6 unit apartment building. All 6 units are identical but we only increase the rent with we have a new tenant, so the rents are very low and all tenants are month to month. Market rent for this same unit in the area is $1350. All tenants have always paid their rent to date with no exception, all tenants are current. Since we have not raised any of the rents they are $20000 low on an annual basis. There is a Laundry Room that w do not use, but could be used if you want to add to your cash, but you will have to purchase or lease the machines.

  • April, 2021

  • Apr 2, 2021

    Date

    Expired

    CRMLS: PW21003499

    $1,074,000

    Price

  • Mar 23, 2021

    Date

    Price Change

    CRMLS: PW21003499

    $1,074,000

    Price

  • Jan 29, 2021

    Date

    Price Change

    CRMLS: PW21003499

    $1,149,000

    Price

  • Jan 8, 2021

    Date

    Active

    CRMLS: PW21003499

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent 6 unit apartment building. All 6 units are identical but we only increase the rent when we a new tenant moves in, so the rents are low, market rent for this same unit in the area is $1350. All tenants have always paid their rent to date with no exclusion, all tenants are current. Since we have not raised rents they are $20000 low on an annual basis. There is a Laundry Room that we do not use, but could be used if you want to make extra money off laundry. We prefer to sell this property as a package deal along with 648 Abbey Lane, Pomona just around the corner.

  • July, 2014

  • Jul 29, 2014

    Date

    Sold (Public Records)

    Public Records

    $520,000

    Price

  • February, 2012

  • Feb 29, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 602 Karesh Ave

Assessed Value (2020): $596,918
Year Land Value Improved Value Assessed Value
2020 $273,081 $323,837 $596,918

Home Value Compared to the Market

This property vs the competition

602 Karesh Ave is listed 94.12% higher than the median list price for the city of Pomona which has a median list price of $680,000. The median price per/sqft for Pomona is $458 and this home is listed at $343.93 per/sqft which puts the price per square foot 24.91% lower than the median price per square foot for the city of Pomona.

About 602 Karesh Ave

Detailed summary of property

602 Karesh Ave is a apartment located in Pomona, CA 91767 and is currently for sale. This apartment offers 6 bedrooms, 6 bathrooms, roughly 3,838 living square feet, and sits on an approximately 7,098 square foot lot. 602 Karesh Ave was first listed on ArdentRealEstateGroup.com on June 23, 2023. The homeowner is currently asking $1,320,000 and was originally asking $1,300,000. The median priced home in Pomona is $680,000 with a median price per square foot of $458. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 94.12% higher than the median priced home. Local competing homes currently for sale include 820 E Richland St, 7411 Napa Court and 501 Parker Dr. While the average home in Pomona, CA is selling in 44 days, 602 Karesh Ave has a days on market of 296 days. There are currently 161 homes for sale in the Pomona real estate market and 124 of them are single family homes while 21 of them are condos and 16 are townhomes. For more information on this home for sale at 602 Karesh 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 602 Karesh Ave

Public county record property details
Beds
6
Baths
6
Year built
1960
Sq. Ft.
3,838
Lot Size
7,098
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
8323-029-001

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
$659,000
Median List Price/Sq.Ft.
$463
Median Sold Price
$634,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
64
Median Sale to List Price %
101.6%
Avg Days on Market
16
Loan Type
Conventional (55%), FHA (20%), VA (0%), Cash (15%), Other (5%)

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Recently Sold Homes Near 602 Karesh Ave

556 N East End Ave, Pomona, CA 91767
$675,000 Last Sold Price
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2 Baths
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687 Karesh Ave, Pomona, CA 91767
$1,237,500 Last Sold Price
9 Beds
6 Baths
3838 Sq.Ft.
687 Karesh Ave
Pomona, CA 91767
698 Karesh Ave, Pomona, CA 91767
$917,000 Last Sold Price
6 Beds
6 Baths
3838 Sq.Ft.
698 Karesh Ave
Pomona, CA 91767
685 Abbey Ln, Pomona, CA 91767
$1,080,000 Last Sold Price
8 Beds
4 Baths
3592 Sq.Ft.
685 Abbey Ln
Pomona, CA 91767

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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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