931 South Towne Avenue

Pomona, CA 91766

$1,295,000
Price
6
Beds
5
Baths
2,838 Sq. Ft.
$456 / Sq. Ft.
2,838
Sq. Ft.
$456
per Sq. Ft.

Description

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,...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.
  1. Listed by Liam Skelly • DRE #02039422 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 931 South Towne Avenue

Zoning
POR31000*
Parcel Number
8333009014
Total Units
5.0
Living Area
2838
Source Living Area
Other
Area
Pomona (687)
Vacancy Rate
3182
Lot Size Area
12329
LISTING UPDATED: 11/04/2024 04:15 PM

Property Details for 931 South Towne Avenue

StatusActive
MLS #24-434911
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.28 AC / 12,329 SF
CountyLos Angeles County

Building Information for 931 South Towne Avenue

Stories1Residences-Year Built1947Building Size-Lot Size0.28 AC / 12,329 SF

Property Information for 931 South Towne Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $106,080
  • Net Operating Income: $51,094.00
  • Gross Income: $106,080
  • Gross Rent Multiplier: $12.49
  • Actual Annual Gross Rent: $106,080.00
  • Financial Info as Of: 10/01/2024
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 41622
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.283
  • Lot Size Square Feet: 12329
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 5
  • Garage Spaces Total: 3
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Cooling Type: Wall Unit(s)
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,303.00
  • Unit Actual Rent: $5,215.00
  • Unit Projected Rent: $5,215.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $139,198.00
  • Assessed Improvement Percent: 41.93
  • Assessed Land Value: $192,795.00
  • Assessed Land Percent: 58.07
  • Assessed Total Value: $331,993.00

Property History for 931 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 931 South Towne Avenue

Taxable ValueLand$196,650Additions$142,521Total$339,171
Tax Record2024$5,552 ($463 / month)
Home Facts
Total Finished SqFt2,838 SqFtAbove Grade Finished SqFt2,838 SqFtLot Size12,315 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningPOR31000*CountyLOS ANGELESAPN8333-009-014

Schools near 931 South Towne Avenue

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
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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931 South Towne Avenue is a multi-family home for sale in Pomona, CA 91766. This property was listed for sale on September 9, 2024 by Matthews Real Estate Investment Services, it's currently listed at $1,295,000. It has been on the market for a total of 72 days and was last sold on April 30, 2003. This listing's school district is Pomona Unified School District. Nearby schools include Washington Elementary School, Simons Middle School and Garey High School. 931 South Towne Avenue is a 6-bed, 5-bath, 2,838 sqft multi-family home built in 1947.

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 Matthews Real Estate Investment Services, Liam Skelly, DRE #02039422

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.