648 Abbey Lane

Pomona, CA 91767

$1,500,000
Price
10
Beds
5
Baths
4,370 Sq. Ft.
$343 / Sq. Ft.
4,370
Sq. Ft.
$343
per Sq. Ft.

Description

Great opportunity for investor . Property has upside potential for the rents . building have 5 unit , one of the unit with 3 bedroom and one bathroom , three unit with 2 bedroom & one bathroom and one unit with with one bedroom & one bathroom . Four of the unit already renovated . Each unit have one car garage .Great opportunity for investor . Property has upside potential for the rents . building have 5 unit , one of the unit with 3 bedroom and one bathroom , three unit with 2 bedroom & one bathroom and one unit with with one bedroom & one bathroom . Four of the unit already renovated . Each unit have one car garage .
  1. Listed by LILY WANG • DRE #01321428 • Brokerage DRE #02082542 • KO TAI REALTY • 562-869-4248
  2. Listed by HSIEN HSU • DRE #01321494 • Brokerage DRE #02082542 • KO TAI REALTY

Property Details for 648 Abbey Lane

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4370
Assessor Parcel Number
8323-029-026
Property Attached YN
false
LISTING UPDATED: 12/16/2024 09:03 AM

Property Details for 648 Abbey Lane

StatusActive
MLS #WS23111968
Days on Market481
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Building Information for 648 Abbey Lane

Building/Complex648 Abbey LnFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 648 Abbey Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $115,800
  • Gross Scheduled Income: $115,800
  • Gross Operating Income: $115,800
  • Net Operating Income: $82,389
  • Laundry Income: $1,500
  • Gross Multiplier: 12.95
  • Cap Rate: 5.49
Expense Details
  • Operating Expense: $33,410
  • New Taxes Expense: $15,512
  • Gardener Expense: $840
  • Fuel Expense: $0
  • Licenses Expense: $223
  • Pest Control Expense: $726
  • Electric Expense: $130
  • Insurance Expense: $5,467
  • Professional Management Expense: $0
  • Trash Expense: $4,028
  • Water Sewer Expense: $4,022
  • Total Expenses: $33,410
Tax / Assessment Info
  • Tax Tract Number: 20535
  • CFD/Mello-Roos Fee: $15,512
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Abbey Ln
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
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: $1,105
  • Unit Type Total Rent: $1,105
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2010
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,660
  • Unit Type Total Rent: $2,660
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,860
  • Unit Type Total Rent: $1,860
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 648 Abbey Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 648 Abbey Lane

Taxable ValueLand$756,641Additions$463,747Total$1,220,388
Tax Record2024$16,063 ($1,339 / month)
Home Facts
Total Finished SqFt4,370 SqFtAbove Grade Finished SqFt4,370 SqFtLot Size7,807 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningPOR301CountyLOS ANGELESAPN8323-029-026

Schools near 648 Abbey Lane

This home is within Pomona Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Emerson Middle School
Public6 to 8

Pomona High School
Public9 to 12

Pomona Alternative School
PublicK 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.

Similar Homes

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648 Abbey Lane is a multi-family home for sale in Pomona, CA 91767. This property was listed for sale on June 23, 2023 by KO TAI REALTY, it's currently listed at $1,500,000. It has been on the market for a total of 481 days and was last sold on May 12, 2021. This listing's school district is Pomona Unified School District. Nearby schools include Kingsley Elementary School, Emerson Middle School and Pomona High School. 648 Abbey Lane is a 10-bed, 5-bath, 4,370 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KO TAI REALTY, LILY WANG, DRE #01321428; KO TAI REALTY, HSIEN HSU, DRE #01321494

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.