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687 Karesh Avenue

Pomona, CA 91767
  • $1,300,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: AR21246841
UPDATED: 69 min ago
$1,300,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Listing provided courtesy of Hoeng Yik of Real Estates Unlimited

Description

Fully occupied 6 Unit investment opportunity in Pomona ~ 687 KARESH is a two-story apartment building built in 1960, and comprised of 3,838 SF of rentable space situated on a 7,215 SF parcel. Attractive unit mix of (3) two-bedroom 1-bath units and (3) 1-bedroom 1-bath units, which are individually metered for both gas and electricity. Tenants enjoy the convenience of gated entry, on-site laundry and parking. Conveniently located next to the I-10 fwy, transportations, restaurant & shops, schools & parks and within minutes to Cal State Pomona & Pomona Fairplex. Plenty of upside in rents. This property is ideal for an investor to add onto their portfolio or to complete their 1031 Exchange.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123205178
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687 Karesh Avenue Pomona, CA 91767

  • Price: $1,300,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 69 min ago
  • ID#: AR21246841
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1960
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
Fully occupied 6 Unit investment opportunity in Pomona ~ 687 KARESH is a two-story apartment building built in 1960, and comprised of 3,838 SF of rentable space situated on a 7,215 SF parcel. Attractive unit mix of (3) two-bedroom 1-bath units and (3) 1-bedroom 1-bath units, which are individually metered for both gas and electricity. Tenants enjoy the convenience of gated entry, on-site laundry and parking. Conveniently located next to the I-10 fwy, transportations, restaurant & shops, schools & parks and within minutes to Cal State Pomona & Pomona Fairplex. Plenty of upside in rents. This property is ideal for an investor to add onto their portfolio or to complete their 1031 Exchange.
Exterior Features

Lot Features LevelStreet Level Number Of Separate Electric Meters 7 Open Parking Spaces 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances Gas RangeRefrigeratorRange Hood Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency None. Buyer To Cooperate With Seller's 1031 Exchange At No Costs To Buyer. Electric Expense 660 Fuel Expense 0 Garage YN No Gross Income 88500 Gross Scheduled Income 88500 Insurance Expense 2200 Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 80444 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 8056 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 7375 Trash Expense 2556 Water Sewer Expense 1440 Water Source Public Zoning Por301



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Hoeng Yik of Real Estates Unlimited