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757 Karesh AVE Pomona, CA 91767
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Key Details
Sold Price $2,250,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,676 sqft
Price per Sqft $293
MLS Listing ID TR19210585
Sold Date 02/26/20
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1960
Lot Size 0.327 Acres
Acres 0.3267
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 687 - Pomona
Zoning POR301
Rooms
Other Rooms Walk-In Closet
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Appliance Gas Oven, Gas Range
Laundry Community
Exterior
Parking Features Carport, Detached Carport
Fence Security
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description Front Yard, Lawn, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Security Features Gated Community
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Cash To Existing Loan,Cash To New Loan,Conventional,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Allan Lee
SHOW CONTACT PH 6266005125
SHOW INSTRUCTIONS Drive-by only; please do not disturb tenants. Tour to be arranged upon acceptance.
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Bought with Per Square Foot Real Estate