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931 S Towne Ave, Pomona, CA 91766
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931 S Towne Ave Pomona, CA 91766

$1,325,000
  • 8 Beds
  • 6 Baths
  • 2,838 Sq.Ft.
For Sale
$1,325,000 Get Pre-Qualified
Map preview of 931 S Towne Ave, Pomona, CA 91766

Property Overview: 931 S Towne Ave Pomona, CA has 8 bedrooms, 6 bathrooms, 2,838 living square feet and 12,329 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: Coming soon! This five (5) units (with two (2) additional non-conforming units) opportunity is strategically located in one of Los Angeles County's Inland Markets of Pomona, CA. With a unit mix consisting of 2BD, 1BD and Studio units, the property also lies on a relatively large lot of 0.28 Acres. There is significant upside potential in rents and ADU potential as well (call listing agent for details). The property lies in close proximity to some of the major employment destinations within Pomona, including the Pomona Valley Hospital, Cal Poly Pomona (15 Minute Drive) and Downtown Pomona (1.1 Miles). Please, Drive By Only, and do not disturb the tenants.

Listed by Liam Skelly | BRE #02039422 | Matthews Real Estate Investment Services
Last checked: 3 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
12,329
HOA Dues
$0/mo
Year built
1947
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
24434911
City
Pomona
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,303
  • Total Rent: $5,215
  • Pro Forma/Market Rent: $5,215
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.49
  • Gross Scheduled Income: --
  • Net Operating Income: $51,094
  • Gross Operating Income: $106,080
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 931 S Towne Ave

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Property Details for 931 S Towne Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 5
  • Parcel Number: 8333009014
  • Year Built Source: Other
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Grand Ave and South of 9th
View more facts & features

Local Pomona Agent

Sale History for 931 S Towne Ave

Last sold for $95,000 on April 15th, 2003

  • September, 2024

  • Sep 9, 2024

    Date

    Active

    CRMLS: 24434911

    $1,325,000

    Price

  • April, 2003

  • Apr 15, 2003

    Date

    Sold (Public Records)

    Public Records

    $95,000

    Price

Show More

Tax History for 931 S Towne Ave

Assessed Value (2020): $316,372
Year Land Value Improved Value Assessed Value
2020 $183,409 $132,963 $316,372

Home Value Compared to the Market

This property vs the competition

931 S Towne Ave is listed 96.3% higher than the median list price for the city of Pomona which has a median list price of $675,000. The median price per/sqft for Pomona is $458 and this home is listed at $466.88 per/sqft which puts the price per square foot 1.94% higher than the median price per square foot for the city of Pomona.

About 931 S Towne Ave

Detailed summary of property

931 S Towne Ave is a multi family located in Pomona, CA 91766 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 2,838 living square feet, and sits on an approximately 12,329 square foot lot. 931 S Towne Ave was first listed on ArdentRealEstateGroup.com on September 3, 2024. The homeowner is currently asking $1,325,000. The median priced home in Pomona is $675,000 with a median price per square foot of $458. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 96.3% higher than the median priced home. Local competing homes currently for sale include 1014 E Nocta St, 820 E Richland St and 1337 brea canyon cutoff rd. While the average home in Pomona, CA is selling in 51 days, 931 S Towne Ave has a days on market of 13 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. For more information on this home for sale at 931 S Towne Ave Pomona, CA 91766 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 931 S Towne Ave

Public county record property details
Beds
5
Baths
5
Year built
1947
Sq. Ft.
2,838
Lot Size
12,315
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
8333-009-014

The source for these homes facts are from public records.

91766 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$475
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
105
Median Sale to List Price %
98.51%
Avg Days on Market
18
Loan Type
Conventional (46.43%), FHA (17.86%), VA (0%), Cash (21.43%), Other (14.29%)

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Pomona Agent
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(714) 706-1823

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Recently Sold Homes Near 931 S Towne 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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