757 Karesh Ave Pomona, CA 91767

$2,250,000 Sold Price as of 02/26/2020

6 Beds
6 Baths
3,838 Sq.Ft.

Off Market

$2,250,000 Sold Price as of 02/26/2020 Refinance Your Mortgage

Map preview of 757 Karesh Ave, Pomona, CA 91767

Property Overview: 757 Karesh Ave Pomona, CA has 6 bedrooms, 6 bathrooms, 3,838 living square feet and 7,232 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

757 Karesh Ave 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 $675,000. The median price per/sqft for Pomona is $458. 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 $135,000 for the down payment and will need roughly $13,500 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 757 Karesh Ave

Last sold for $2,250,000 on February 26th, 2020

February, 2020
Feb 27, 2020

Date

Sold

CRMLS: TR19210585

$2,250,000

Price
Jan 31, 2020

Date

Pending

CRMLS: TR19210585

$2,380,000

Price
Oct 20, 2019

Date

Active Under Contract

CRMLS: TR19210585

$2,380,000

Price
Oct 12, 2019

Date

Price Change

CRMLS: TR19210585

$2,380,000

Price
Oct 10, 2019

Date

Price Change

CRMLS: TR19210585

$2,250,000

Price
Sep 4, 2019

Date

Active

CRMLS: TR19210585

$2,380,000

Price
Listing provided courtesy of CRMLS

This listing includes 735 & 757 Karesh Avenue (APN 8323-028-003 & 8323-028-004). Tenants pay for electricity. Landlord pays for gas and water. Some units have below market rent; opportunity for higher income. Easy access to 10, 60, and 71 freeways. Close to Pomona Arts Colony (2 miles), Claremont Colleges (3 miles), Western University (2 miles), Park West High School (1 mile), Montclair Place (3 miles), Pomona Valley Hospital Medical Center (2.5 miles), LA County Fair (3 miles), Cal Poly Pomona (6 miles). 735 Karesh: 6 (1 bed / 1 bath) units 757 Karesh: 2 (2 bed / 1 bath) units + 4 (1 bed / 1 bath) units (2-bedroom units converted by tenants. 6 more units may be converted to 2-bedroom units; buyer to verify if permissible.) Potential Rental Income (current rent @100% occupancy; no missing rent): $170,363 Operating Expenses: $44,736 Net Operating Income: $125,627 All units renovated in the last three years, including new windows (roughly $400,000 upgrade). Gated apartments with 12 carport parking spaces in the rear. Has appraisal. Buyer to verify all info.

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February, 2020
Feb 26, 2020

Date

Sold (Public Records)

Public Records

$2,250,000

Price
September, 2019
Sep 4, 2019

Date

Canceled

CRMLS: TR19092938

$1,190,000

Price
Sep 3, 2019

Date

Withdrawn

CRMLS: TR19092938

$1,190,000

Price
Jul 4, 2019

Date

Active

CRMLS: TR19092938

$1,190,000

Price
May 29, 2019

Date

Active Under Contract

CRMLS: TR19092938

$1,190,000

Price
May 25, 2019

Date

Active

CRMLS: TR19092938

$1,190,000

Price
May 10, 2019

Date

Active Under Contract

CRMLS: TR19092938

$1,190,000

Price
Apr 26, 2019

Date

Active

CRMLS: TR19092938

$1,190,000

Price
Listing provided courtesy of CRMLS

Offered for sale together with 735 Karesh Avenue (APN 8323-028-003 & 8323-028-004). Not sold separately. Tenants pay for electricity. Landlord pays for gas and water. Easy access to 10, 60, and 71 freeways. Close to Pomona Arts Colony (2 miles), Claremont Colleges (3 miles), Western University (2 miles), Park West High School (1 mile), Montclair Place (3 miles), Pomona Valley Hospital Medical Center (2.5 miles), LA County Fair (3 miles), Cal Poly Pomona (6 miles). 735 Karesh: 6 (1 bed / 1 bath) units 757 Karesh: 2 (2 bed / 1 bath) units + 4 (1 bed / 1 bath) units (6 more units may be converted to 2-bedroom units.) Potential Rental Income (@100% occupancy; no missing rent): $168,562 (derived using current rent) Operating Expenses: $44,736 Net Operating Income: $123,827 No rent control. All units renovated in the last three years, including new windows (roughly $400,000 upgrade). Gated apartments with 12 carport parking spaces in the rear. Has appraisal. Buyer to verify all info.

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May, 2019
May 6, 2019

Date

Expired

CRMLS: TR18287280

$1,180,000

Price
Dec 13, 2018

Date

Withdrawn

CRMLS: TR18287280

$1,180,000

Price
Dec 7, 2018

Date

Active

CRMLS: TR18287280

$1,180,000

Price
Listing provided courtesy of CRMLS

For 735 & 757 Karesh Pomona (APN# 8323028004 & # 8323028003) - Listing Sale Price Total for 2 Parcels is $ 2,360,000 , Great Opportunity Well Maintained 12 Units situated in the highly desirable rental market of Pomona for Investors. No Rent Control. 100% Occupancy. The apartment was renovation in year 2018 for the interior and exterior of the building with New Windows . All One Bedroom with One Bath. Gated Community with Carport Parking in the Back. On-Site Laundry Room . For 757 Karesh Ave Pomona CA 91767 (APN #: 8323028003) (6 Units) - Listing Price to Sale $ 1,180,000. Monthly Gross Income is $ 6,204. Annual Gross Schedule Income $ 74,448. Annual Expense $ 14,510. Net Operating Income $ 59,938. Current Cap Rate: 5.08%. New Investor take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . Easy to Access Super Market and Freeway 10 & 60. For 735 Karesh Ave Pomona CA 91767 (APN# :8323028004) (6 Units) - Listing Price to Sale $ 1,180,000. Monthly Gross Income $ 6,463. Annual Gross Schedule Income $ 77,556. Annual Expense $ 14,746. Net Operating Income $ 62,810. Current Cap Rate: 5.3%. New Investor take advantage of the approximately 20% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . 6 electric Meters and 6 Gas Meter.

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November, 2018
Nov 1, 2018

Date

Expired

CRMLS: TR18061917

$1,280,000

Price
Apr 9, 2018

Date

Active

CRMLS: TR18061917

$1,280,000

Price
Listing provided courtesy of CRMLS

For 735 - 757 Karesh Pomona (APN# 8323028004 & # 8323028003) - Listing Sale Price is $ 2,560,000 , Great Opportunity Well Maintained 12 Units situated in the highly desirable rental market of Pomona for Investors. No Rent Control. 100% Occupancy. The apartment was renovation in year 2018 for the interior and exterior of the building with New Windows . All One Bedroom with One Bath. Gated Community with Carport Parking in the Back. On-Site Laundry Room . For 735 Karesh Ave Pomona CA 91767 (APN# :8323028004) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,463. Annual Gross Schedule Income is $ 77,556. Annual Expense is $ 14,746. Net Operating Income is $ 62,810. Current Cap Rate: 4.9%. New Investor take advantage of the approximately 20% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . 6 electric Meters and 6 Gas Meter. For 757 Karesh Ave Pomona CA 91767 (APN #: 8323028003) (6 Units) - Listing Price to Sale $ 1,280,000. Monthly Gross Income is $ 6,204. Annual Gross Schedule Income is $ 74,448. Annual Expense is $ 14,510. Net Operating Income is $ 59,938. Current Cap Rate: 4.68%. New Investor take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash-flow. Tenants Pay for Electricity and Gas . Easy to Access Super Market and Freeway 10 & 60.

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February, 2018
Feb 28, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 757 Karesh Ave

Assessed Value (2020): $588,178

Year	Land Value	Improved Value	Assessed Value
2020	$258,248	$329,930	$588,178

About 757 Karesh Ave

Detailed summary of property

757 Karesh Ave is categorized with a use code of Apartment House (5+ Units) in Pomona, CA 91767 and last sold on February 26, 2020 for $2,250,000. This property has 6 bedrooms, 6 bathrooms, roughly 3,838 living square feet, and sits on an approximately 7,232 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 228.47% higher than the current median priced home. 757 Karesh Ave was last sold on February 26, 2020 for $2,250,000. Local nearby listings include 4155 E Grand Ave, 902 E 6th St and 755 E La Verne Ave. The average home in Pomona, CA is selling in 51 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. If you are the homeowner and looking to sell the home at 757 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 757 Karesh Ave

Public county record property details

Beds: 6
Baths: 6
Year built: 1960
Sq. Ft.: 3,838
Lot Size: 7,232
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 8323-028-003

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

Median Sale to List Price %

100.29%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (33.33%), VA (4.17%), Cash (25%), Other (4.17%)

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