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808 N Myrtle Ave, Pomona, CA 91768
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808 N Myrtle Ave Pomona, CA 91768

$1,185,000 Sold Price as of 05/31/2023
  • 6 Beds
  • 5 Baths
  • 3,011 Sq.Ft.
Sold
$1,185,000 Sold Price as of 05/31/2023 Refinance Your Mortgage
Map preview of 808 N Myrtle Ave, Pomona, CA 91768

Property Overview: 808 N Myrtle Ave Pomona, CA has 6 bedrooms, 5 bathrooms, 3,011 living square feet and 18,934 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Private Seller Financing available! We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Pomona. The subject property is comprised of 100% single story construction and offers a unit mix of a 2Bed/1Baths single-story detached cottage, and four additional 1Bed/1Baths units. The rental units are situated on a large 18,934 SqFt lot that is in a predominantly residential neighborhood. Tenants pay for electricity and gas while the owner pays for water and trash. Tenants enjoy onsite garage and car-port parking. A savvy investor can look to reposition the property and take advantage of the 37% upside in rental income! The seller is willing to provide private seller financing with the following terms: 40% down payment, 7 year term, 5% interest only payments, no pre-pay penalty.

Listed by KRISTOPHER GERMAN | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 15 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
18,934
HOA Dues
$0/mo
Year built
1957
Garage
2 Car
Property Type:
Apartment
Status
Sold
MLS#
CV23059992
City
Pomona
County
Los Angeles
Time on Site
453 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,135
  • Total Rent: $1,135
  • Pro Forma/Market Rent: $1,525
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,065
  • Total Rent: $1,065
  • Pro Forma/Market Rent: $1,525
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: $1,525
Unit Breakdown 5
  • # 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: $1,525
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,840
  • Net Operating Income: $41,805
  • Gross Operating Income: $70,655
  • Vacancy Allowance: $2,185
Annual Expense Breakdown
  • Total Operating Expense: $28,850
  • New Taxes: $14,006
  • Trash: $4,164
  • Insurance: $1,500
  • Maintenance: $3,750
  • Professional Management: $0
  • Water/Sewer: $4,680
  • Other Expenses: $750
  • Other Expense Description: Reserves

Property Details for 808 N Myrtle Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 8357007064
  • 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 the Intersection of W Wilson St & N Myrtle Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Pomona Agent

Sale History for 808 N Myrtle Ave

Last sold for $1,185,000 on May 31st, 2023

  • May, 2023

  • May 31, 2023

    Date

    Sold

    CRMLS: CV23059992

    $1,185,000

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: CV23059992

    $1,175,000

    Price

  • May, 2002

  • May 9, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2001

  • Aug 24, 2001

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

Show More

Tax History for 808 N Myrtle Ave

Assessed Value (2020): $304,815
Year Land Value Improved Value Assessed Value
2020 $135,073 $169,742 $304,815

Home Value Compared to the Market

This property vs the competition

808 N Myrtle Ave sold on May 31, 2023 for 63.19% higher than the current median sold price for the city of Pomona which is $720,000. The median sold price per/sqft for Pomona is $506 and this home is sold at $390.24 per/sqft which puts the price per square foot 22.88% lower than the current median sale per square foot for the city of Pomona.

About 808 N Myrtle Ave

Detailed summary of property

808 N Myrtle Ave is a apartment that recently sold in Pomona, CA 91768. This apartment offered 6 bedrooms, 5 bathrooms, roughly 3,011 living square feet, and sits on an approximately 18,934 square foot lot. 808 N Myrtle Ave was first listed on ArdentRealEstateGroup.com on April 11, 2023. The homeowner sold the property for $1,185,000. Home in Pomona are selling for a median price of $720,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 63.19% higher than the current median priced home. Local homes that are currently for sale include 6728 Friends Ave, 6728 Friends Ave and 317 W Guinida Ln. While the average home in Pomona, CA is selling in 47 days, 808 N Myrtle Ave has a days on market of 2 days. There are currently 175 homes for sale in the Pomona real estate market and 126 of them are single family homes while 32 of them are condos and 17 are townhomes. For more information on this home for sale at 808 N Myrtle Ave Pomona, CA 91768 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 808 N Myrtle Ave

Public county record property details
Beds
6
Baths
5
Year built
1957
Sq. Ft.
3,011
Lot Size
18,933
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
8357-007-064

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
44
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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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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