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894 N Towne Ave, Pomona, CA 91767
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894 N Towne Ave Pomona, CA 91767

$795,000 Sold Price as of 04/12/2022
  • 3 Beds
  • 0 Baths
  • 2,230 Sq.Ft.
Sold
$795,000 Sold Price as of 04/12/2022 Refinance Your Mortgage
Map preview of 894 N Towne Ave, Pomona, CA 91767

Property Overview: 894 N Towne Ave Pomona, CA has 3 bedrooms, -- bathrooms, 2,230 living square feet and 7,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Buyers can live in 1 and rent out the other 2 units for a reduced mortgage! Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen, and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.

Listed by MATTHEW WONG | BRE #02013717 | EXP REALTY OF CALIFORNIA INC
Last checked: 7 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
7,014
HOA Dues
$0/mo
Year built
1938
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
CV21264331
City
Pomona
County
Los Angeles
Time on Site
1019 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $1,070
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,175
  • Total Rent: $1,175
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,240
  • Net Operating Income: $40,509
  • Gross Operating Income: $48,240
  • # of Rented Garages: 0
  • Laundry Income: $0
  • Other Income Description: Garages are not being used.
  • Improvements Total: $84,752
Annual Expense Breakdown
  • Total Operating Expense: $7,731
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,000
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $940
  • Insurance: $2,000
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $4,440
  • Water/Sewer: $2,205

Virtual Tour

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Property Details for 894 N Towne Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Vinyl
  • Kitchen, Laundry, Living Room
Interior Features
  • Ceiling Fan(s)
  • Levels: One, Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Average Condition, Chain Link, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Garden, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 8337002037
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Property is on the South East corner of Towne and Alvarado.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Mountainous, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Pomona Agent

Sale History for 894 N Towne Ave

Last sold for $795,000 on April 12th, 2022

  • April, 2022

  • Apr 12, 2022

    Date

    Sold

    CRMLS: CV21264331

    $795,000

    Price

  • Apr 8, 2022

    Date

    Pending

    CRMLS: CV21264331

    $799,900

    Price

  • Mar 3, 2022

    Date

    Active

    CRMLS: CV21264331

    $799,900

    Price

  • Feb 15, 2022

    Date

    Active

    CRMLS: CV21264331

    $799,900

    Price

  • Dec 28, 2021

    Date

    Active Under Contract

    CRMLS: CV21264331

    $799,900

    Price

  • Dec 28, 2021

    Date

    Active

    CRMLS: CV21264331

    $799,900

    Price

  • October, 2021

  • Oct 20, 2021

    Date

    Hold

    CRMLS: CV21106628

    $798,000

    Price

  • Aug 9, 2021

    Date

    Active

    CRMLS: CV21106628

    $798,000

    Price

  • Aug 6, 2021

    Date

    Hold

    CRMLS: CV21106628

    $798,000

    Price

  • Jul 12, 2021

    Date

    Price Change

    CRMLS: CV21106628

    $798,000

    Price

  • Jun 26, 2021

    Date

    Active

    CRMLS: CV21106628

    $800,000

    Price

  • Jun 17, 2021

    Date

    Active Under Contract

    CRMLS: CV21106628

    $800,000

    Price

  • May 18, 2021

    Date

    Active

    CRMLS: CV21106628

    $800,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2021

  • Jun 6, 2021

    Date

    Withdrawn

    CRMLS: CV21111411

    $800,000

    Price

  • May 24, 2021

    Date

    Active

    CRMLS: CV21111411

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance. Property is also listed as a residential income listing MLS ID # CV21106628

  • November, 2020

  • Nov 18, 2020

    Date

    Expired

    CRMLS: CV20004667

    $723,900

    Price

  • Jul 24, 2020

    Date

    Price Change

    CRMLS: CV20004667

    $723,900

    Price

  • Jun 2, 2020

    Date

    Price Change

    CRMLS: CV20004667

    $724,900

    Price

  • May 1, 2020

    Date

    Price Change

    CRMLS: CV20004667

    $739,900

    Price

  • Apr 17, 2020

    Date

    Price Change

    CRMLS: CV20004667

    $749,900

    Price

  • Feb 12, 2020

    Date

    Price Change

    CRMLS: CV20004667

    $759,900

    Price

  • Jan 15, 2020

    Date

    Active

    CRMLS: CV20004667

    $778,999

    Price

  • Listing provided courtesy of CRMLS

    3 SEPARATE, FREESTANDING HOMES ON 1 CORNER PARCEL, ONLY BLOCKS TO THE HIGHLY DESIRABLE, LINCOLN PARK. EACH UNIT HAS A 1 CAR GARAGE. EACH HOME EXTERIOR HAS RECENTLY BEEN PAINTED WITH ITS OWN SEPARATE COLOR PALETTE. THESE “PRIDE OF OWNERSHIP” HOMES HAVE AN ASSORTMENT OF FIT AND FINISH FROM KITCHEN GRANITE TO NEW CARPETING, WATERPROOF LAMINATE, A COZY FIREPLACE AND MORE. ALL 3 HOMES ARE METERED SEPARATELY FOR GAS AND ELECTRIC. LIVE IN ONE & RENT THE OTHER TWO OR JUST ENJOY OWNING THIS CASH COW. OUR TENANTS LOVE HAVING THEIR OWN FENCED YARDS AS WELL AS NO SHARED WALLS. TENANTS ALSO HAVE EASY ACCESS TO SHOPPING, THE 10, 60 AND 57 FREEWAYS. THEY ARE CLOSE TO THE CLAREMONT COLLEGES, CAL POLY AND MT. SAC.COLLEGES. THIS IS A “LOCATION, LOCATION, LOCATION” TYPE PROPERTY! PLUS, THESE HOMES WILL BE IDEAL HOUSING FOR STAFF AND STUDENTS WHEN THE RENOWNED FULLER SEMINARY RELOCATES FROM PASADENA TO POMONA BY 2021. USE THE RESIDENTS FOR LIVE IN ONE AND USE OTHER FOR MOTHER IN LAW QUARTERS, OR AIR BNB IT.. HIGH VISIBILITY CORNER GETS GREAT EXPOSURE AND THE HOMES ALWAYS RENT QUICKLY. DID WE MENTION THEY ARE 100% OCCUPIED SO YOU START MAKING MONEY ON DAY 1! NOTE: FIRST TIME ON THE MARKET IN ALMOST 35 YEARS. DON’T MISS OUT! CALL ALBERT FOR ALL RECENT CAPITOL IMPROVEMENTS AND OTHER DETAILS! BUYER TO VERIFY ALL INFORMATION FOR ACCURACY...

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Tax History for 894 N Towne Ave

Assessed Value (2020): $142,777
Year Land Value Improved Value Assessed Value
2020 $58,894 $83,883 $142,777

Home Value Compared to the Market

This property vs the competition

894 N Towne Ave sold on April 12, 2022 for 16.77% higher than the current median sold price for the city of Pomona which is $685,000. The median sold price per/sqft for Pomona is $468 and this home is sold at $358.7 per/sqft which puts the price per square foot 23.35% lower than the current median sale per square foot for the city of Pomona.

About 894 N Towne Ave

Detailed summary of property

894 N Towne Ave is a triplex that recently sold in Pomona, CA 91767. This triplex offered 3 bedrooms, -- bathrooms, roughly 2,230 living square feet, and sits on an approximately 7,014 square foot lot. 894 N Towne Ave was first listed on ArdentRealEstateGroup.com on December 14, 2021. The homeowner sold the property for $795,000. Home 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 16.77% higher than the current median priced home. Local homes that are currently for sale include 129 S Marcile Ave, 1002 W 8th St and 511 E 4th Street. While the average home in Pomona, CA is selling in 53 days, 894 N Towne Ave has a days on market of 83 days. There are currently 223 homes for sale in the Pomona real estate market and 149 of them are single family homes while 33 of them are condos and 41 are townhomes. For more information on this home for sale at 894 N Towne 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 894 N Towne Ave

Public county record property details
Beds
5
Baths
3
Year built
1938
Sq. Ft.
2,230
Lot Size
7,013
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
8337-002-037

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
$655,000
Median List Price/Sq.Ft.
$449
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$457
Total Inventory
76
Median Sale to List Price %
100.29%
Avg Days on Market
26
Loan Type
Conventional (33.33%), FHA (33.33%), VA (4.17%), Cash (25%), Other (4.17%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 894 N Towne Ave

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Recently Sold Homes Near 894 N Towne Ave

700 N Towne Ave, Pomona, CA 91767
$890,000 Last Sold Price
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3 Baths
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700 N Towne Ave
Pomona, CA 91767
973 N Eleanor St, Pomona, CA 91767
$702,000 Last Sold Price
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973 N Eleanor St
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759 N Caswell Ave, Pomona, CA 91767
$750,000 Last Sold Price
5 Beds
4 Baths
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759 N Caswell Ave
Pomona, CA 91767
747 N Caswell Ave, Pomona, CA 91767
$555,000 Last Sold Price
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747 N Caswell Ave
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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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