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897 W Monterey Ave Pomona, CA 91768

$1,200,000 Sold Price as of 10/06/2023

9 Beds
6 Baths
4,832 Sq.Ft.

Sold

$1,200,000 Sold Price as of 10/06/2023 Refinance Your Mortgage

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Map preview of 897 W Monterey Ave, Pomona, CA 91768

Property Overview: 897 W Monterey Ave Pomona, CA has 9 bedrooms, 6 bathrooms, 4,832 living square feet and 21,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity. This property is a multi-family Residence with 5 total units. There are three buildings on the lot. One single family residence featuring 3 beds and 1 bath. The second building has 2 units. Downstairs unit is 3 beds 2 baths, up-stairs Is 1 bed, 1 bath with a loft. The rear building is a single story, featuring 2 identical units, both with 2 beds and 1 bath. This building has attached single car garages, 1 per unit. The property has great potential with a high return on investment yield.

Listed by CRAIG ROYBAL | BRE #01946080 | REALTY MASTERS & ASSOCIATES

Last checked: 1 minute ago | Last updated: March 10th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 21,266
HOA Dues: $0/mo
Year built: 1950
Garage: 2 Car
Property Type:: Mixed Use

Status: Sold
MLS#: IV23131287
City: Pomona
County: Los Angeles
Time on Site: 283 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 3
# of Leased Units: 4
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 5

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,750

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $910
Total Rent: $910
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $873
Total Rent: $873
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $894
Total Rent: $894
Pro Forma/Market Rent: $1,500

Unit Breakdown 5

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,560
Total Rent: $1,560
Pro Forma/Market Rent: $2,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $65,520
Net Operating Income: $40,884
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $24,636
Electric: $0
Gas/Fuel: $0
Licenses: $68
Trash: $0
Gardener: $2,050
Insurance: $7,668
Maintenance: $6,000
Professional Management: $0
Water/Sewer: $0
Other Expenses: $8,350
Other Expense Description: Prop Tax

Property Details for 897 W Monterey Ave

Interior Features

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: Corner Lot, Lot 20000-39999 Sqft
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 5
Parcel Number: 8348009024
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: Holt and White closest major cross streets.

Neighborhood Information

Community Features: Sidewalks, Street Lights

View more facts & features

Local Pomona Agent

Sale History for 897 W Monterey Ave

Last sold for $1,200,000 on October 6th, 2023

March, 2024
Mar 10, 2024

Date

Expired

CRMLS: TR24039583

$3,000

Price
Feb 26, 2024

Date

Active

CRMLS: TR24039583

$3,000

Price
Listing provided courtesy of CRMLS

Beautiful 3-bedroom and 2-bathroom Apartment in Pomona California! There is a bonus room that can be used as a guest room, living room, or home office. Will go fast! This home is conveniently located near Cal Poly Pomona, Mt. San Antonio College, Claremont Colleges, Devry University, University of La Verne, and Western University. Very close to the historic Fox Theater, restaurants, pubs, shops, and Art Galleries in Downtown Pomona. Only 30 minutes from Downtown Los Angeles, 17 minutes from Ontario International Airport, and 41 minutes from John Wayne Airport. This home has 5 parks within 6.1 miles, including Frank G. Bonelli Regional Park, Millikan Planetarium, and Alf Museum of Paleontology.

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January, 2024
Jan 1, 2024

Date

Expired

CRMLS: TR23205564

$3,100

Price
Nov 4, 2023

Date

Active

CRMLS: TR23205564

$3,100

Price
Listing provided courtesy of CRMLS

Here we have a beautiful free standing unit available with 2 beds, an office space, 1 full bath and a spacious loft present up the staircase as well. When you make your way inside you will be delighted to find that the unit was just painted, new laminate wood floors throughout, an updated kitchen with new cabinets, a laminate countertop and new stainless steel appliances. This unit does have a living room, dining room and a separate laundry room. There is plenty of space to use the driveway to park your vehicles inside if so desired. Outside of the unit will be a nice spacious fully fenced yard with plenty of trees present throughout. There is even an orange tree you can take advantage of located in the front. THIS UNIT WILL NOT LAST LONG!

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October, 2023
Oct 6, 2023

Date

Sold

CRMLS: IV23131287

$1,200,000

Price
Aug 7, 2023

Date

Active

CRMLS: IV23131287

$1,200,000

Price
January, 2004
Jan 23, 2004

Date

Sold (Public Records)

Public Records

$452,500

Price

Tax History for 897 W Monterey Ave

Assessed Value (2020): $564,206

Year	Land Value	Improved Value	Assessed Value
2020	$304,203	$260,003	$564,206

Home Value Compared to the Market

This property vs the competition

897 W Monterey Ave sold on October 6, 2023 for 83.21% higher than the current median sold price for the city of Pomona which is $655,000. The median sold price per/sqft for Pomona is $451 and this home is sold at $248.34 per/sqft which puts the price per square foot 44.93% lower than the current median sale per square foot for the city of Pomona.

About 897 W Monterey Ave

Detailed summary of property

897 W Monterey Ave is a mixed use that recently sold in Pomona, CA 91768. This mixed use property offered 9 bedrooms, 6 bathrooms, roughly 4,832 living square feet, and sits on an approximately 21,266 square foot lot. 897 W Monterey Ave was first listed on ArdentRealEstateGroup.com on August 7, 2023. The homeowner sold the property for $1,200,000. Home in Pomona are selling for a median price of $655,000 and a median price per square foot of $451. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 83.21% higher than the current median priced home. Local homes that are currently for sale include 216 E 10th St, 1120 Raymond Ave and 1380 Cherry Ave. While the average home in Pomona, CA is selling in 44 days, 897 W Monterey Ave has a days on market of 13 days. There are currently 177 homes for sale in the Pomona real estate market and 133 of them are single family homes while 27 of them are condos and 17 are townhomes. For more information on this home for sale at 897 W Monterey 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 897 W Monterey Ave

Public county record property details

Beds: 9
Baths: 4
Year built: 1950
Sq. Ft.: 4,832
Lot Size: 21,273
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 8348-009-024

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

$745,888

Median List Price/Sq.Ft.

$458

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$483

Total Inventory

Median Sale to List Price %

103.75%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (14.29%), VA (0%), Cash (0%), Other (28.57%)

Thinking of Selling?

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Thinking of Selling?
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(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.