1090 South Towne Avenue

Pomona, CA 91766

$2,380,000
Last Sold Price
10
Beds
13
Baths
9,543 Sq. Ft.
$249 / Sq. Ft.
9,543
Sq. Ft.
$249
per Sq. Ft.

Closed 6/16/21

Closed 6/16/21

Description

Great opportunity to own thirteen units in a highly desirable rental location. No vacancy problem here! Ten units, each having 770 square feet of living area offer a one bedroom with a full bath and an additional attached wood fenced patio. Two units, each having 915 square feet of living area, offer two bedroom with a full bath and an additional attached wood fenced patio. And One unit, Non-Conforming, 450 square feet of living area offering a Studio with a bathroom. All units are ample in size...Great opportunity to own thirteen units in a highly desirable rental location. No vacancy problem here! Ten units, each having 770 square feet of living area offer a one bedroom with a full bath and an additional attached wood fenced patio. Two units, each having 915 square feet of living area, offer two bedroom with a full bath and an additional attached wood fenced patio. And One unit, Non-Conforming, 450 square feet of living area offering a Studio with a bathroom. All units are ample in size and at single level entry. Each unit comes with its assigned carport parking space. There is a coin laundry room with two washers and two dryers. There is a on-site storage shed for tools and supplies. The property has an on-site manager and the property has a new CCTV monitoring system. The property is next door to a public park, within walking distance to public transportation, near shopping centers, restaurants, and highway access.
  1. Listed by Marvin Byrne • DRE #01430606 • Brokerage DRE #01527225 • Keller Williams Realty

Property Details for 1090 South Towne Avenue

Parking Spaces Total
15
Private Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9543
Assessor Parcel Number
8333-004-037
Property Attached YN
true
LISTING UPDATED: 06/16/2021 06:46 AM

Property Details for 1090 South Towne Avenue

StatusClosed
MLS #PW21130920
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.60 AC / 26,302 SF
CountyLos Angeles County

Building Information for 1090 South Towne Avenue

Stories1Residences-Year Built1968Building Size-Lot Size0.60 AC / 26,302 SF

Property Information for 1090 South Towne Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $16,320
  • Gross Scheduled Income: $160,920
  • Vacancy Allowance: 0
  • Gross Operating Income: $163,320
  • Net Operating Income: $109,555
  • Laundry Income: $2,400
  • Cap Rate: 4.53
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $53,766
  • New Taxes Expense: $31,750
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $2,535
  • Insurance Expense: $3,550
  • Maintenance Expense: $4,052
  • Professional Management Expense: $4,200
  • Trash Expense: $2,833
  • Water Sewer Expense: $3,045
  • Total Expenses: $53,766
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Tract Number: 4028
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Included
Exterior Features
  • Roof: Asphalt, Shingle
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Park Nearby
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 15
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $970
  • Unit Type Total Rent: $970
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,015
  • Unit Type Total Rent: $1,015
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,020
  • Unit Type Total Rent: $1,020
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,065
  • Unit Type Total Rent: $1,065
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,080
  • Unit Type Total Rent: $1,080
  • Unit Type Pro Forma: 1300
  • Unit Type Area: 770
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1600
  • Unit Type Area: 915
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1600
  • Unit Type Area: 915
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $450
  • Unit Type Total Rent: $450
  • Unit Type Pro Forma: 750
  • Unit Type Area: 500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 13
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 1090 South Towne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1090 South Towne Avenue

Taxable ValueLand$1,512,963Additions$1,012,710Total$2,525,673
Tax Record2024$2,367 ($197 / month)
Home Facts
Total Finished SqFt9,543 SqFtAbove Grade Finished SqFt9,543 SqFtLot Size26,289 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningPOR31000*CountyLOS ANGELESAPN8333-004-037

Schools near 1090 South Towne Avenue

This home is within Pomona Unified School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 5
Simons Middle School
Public - 6 to 8
Garey High School
Public - 9 to 12
School Of Arts And Enterprise
Charter - 6 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Simons Middle School
Public6 to 8

Garey High School
Public9 to 12

School Of Arts And Enterprise
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Realty, Marvin Byrne, DRE #01430606

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.