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648 Abbey Ln, Pomona, CA 91767
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648 Abbey Ln Pomona, CA 91767

$1,500,000
  • 10 Beds
  • 5 Baths
  • 4,370 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 648 Abbey Ln, Pomona, CA 91767

Property Overview: 648 Abbey Ln Pomona, CA has 10 bedrooms, 5 bathrooms, 4,370 living square feet and 7,807 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 .Property has upside potential for the rents . building have 5 unit , one of the unit with 3 bedroom and one bathroom , three unit with 2 bedroom & one bathroom and one unit with with one bedroom & one bathroom . Four of the unit already renovated . Each unit have one car garage .

Listed by LILY WANG | BRE #01321428 | KO TAI REALTY
Co-listed by HSIEN HSU | BRE #01321494 | KO TAI REALTY
Last checked: 7 minutes ago | Last updated: January 6th, 2024 | Source CRMLS | DOM: 295
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Home details

Lot Sq. Ft
7,807
HOA Dues
$0/mo
Year built
1962
Garage
5 Car
Property Type:
Apartment
Status
Active
MLS#
WS23111968
City
Pomona
County
Los Angeles
Time on Site
316 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,065
  • Total Rent: $1,065
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,715
  • Total Rent: $1,715
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.59%
  • Gross Rent Multiplier: 13.54
  • Gross Scheduled Income: $110,760
  • Net Operating Income: $83,867
  • Gross Operating Income: $112,260
  • Laundry Income: $1,500
Annual Expense Breakdown
  • Total Operating Expense: $28,392
  • Electric: $240
  • Gas/Fuel: $0
  • Licenses: $223
  • New Taxes: $15,512
  • Trash: $2,565
  • Insurance: $1,866
  • Professional Management: $0
  • Water/Sewer: $4,451

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Property Details for 648 Abbey Ln

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 8323029026
  • Year Built Source: Appraiser
  • Entry Level: 2
  • Property is not 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: Abbey lane and E. Pasadena St .
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 648 Abbey Ln

Last sold for $1,150,000 on May 12th, 2021

  • June, 2023

  • Jun 23, 2023

    Date

    Canceled

    CRMLS: WS22114227

    $1,500,000

    Price

  • May 28, 2022

    Date

    Active

    CRMLS: WS22114227

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for investor . Property have upside rents potential . Building have 5 unit , one of the unit with 3 bedroom and one bathroom , three unit with 2 bedroom & one bathroom and one unit with one bedroom & one bathroom . Four of the unit already renovated with new kitchen , bathroom , AC , lighting , flooring and plumbing . Each unit have one car garage total 5 car garage . According to The County Assessor report showied 5 unit 9 bedroom and 5 bathroom , there is one addtional bedroom is non-confirming in the property . Buyer and selling agents should do their due diligence to substantiate all property facts .

  • June, 2023

  • Jun 23, 2023

    Date

    Active

    CRMLS: WS23111968

    $1,500,000

    Price

  • May, 2021

  • May 17, 2021

    Date

    Sold

    CRMLS: PW21004137

    $1,150,000

    Price

  • Apr 30, 2021

    Date

    Pending

    CRMLS: PW21004137

    $1,174,000

    Price

  • Mar 23, 2021

    Date

    Price Change

    CRMLS: PW21004137

    $1,174,000

    Price

  • Jan 29, 2021

    Date

    Price Change

    CRMLS: PW21004137

    $1,249,000

    Price

  • Jan 8, 2021

    Date

    Active

    CRMLS: PW21004137

    $1,599,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent 5 unit apartment building. Four of the units have been renovated with new Kitchens, Bathrooms, AC, Lighting, Flooring, and Copper Plumbing. We only increase the rent when we a new tenant moves in, so the rents are low. All tenants have always paid their rent to date with no exclusion, all tenants are current. There is a Laundry Room and we own the equipment which provides additional income. We prefer to sell this as a package deal along with 602 Karesh, Pomona just around the corner.

  • April, 2016

  • Apr 6, 2016

    Date

    Sold (Public Records)

    Public Records

    $148,000

    Price

  • March, 2014

  • Mar 21, 2014

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

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Tax History for 648 Abbey Ln

Assessed Value (2020): $688,656
Year Land Value Improved Value Assessed Value
2020 $274,452 $414,204 $688,656

Home Value Compared to the Market

This property vs the competition

648 Abbey Ln is listed 120.59% 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 $343.25 per/sqft which puts the price per square foot 25.05% lower than the median price per square foot for the city of Pomona.

About 648 Abbey Ln

Detailed summary of property

648 Abbey Ln is a apartment located in Pomona, CA 91767 and is currently for sale. This apartment offers 10 bedrooms, 5 bathrooms, roughly 4,370 living square feet, and sits on an approximately 7,807 square foot lot. 648 Abbey Ln was first listed on ArdentRealEstateGroup.com on June 23, 2023. The homeowner is currently asking $1,420,000-$1,500,000 and was originally asking $1,500,000. 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 120.59% higher than the median priced home. Local competing homes currently for sale include 820 E Richland St, 421 W 3rd St and 421 W 3rd St. While the average home in Pomona, CA is selling in 44 days, 648 Abbey Ln has a days on market of 295 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 648 Abbey Ln Pomona, CA 91767 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 648 Abbey Ln

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
4,370
Lot Size
7,807
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
8323-029-026

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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Homes for Sale Near 648 Abbey Ln

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Recently Sold Homes Near 648 Abbey Ln

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
698 Karesh Ave, Pomona, CA 91767
$917,000 Last Sold Price
6 Beds
6 Baths
3838 Sq.Ft.
698 Karesh Ave
Pomona, CA 91767
602 Karesh Ave, Pomona, CA 91767
$1,000,000 Last Sold Price
6 Beds
6 Baths
3693 Sq.Ft.
602 Karesh Ave
Pomona, CA 91767
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

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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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