206 E Alvarado Street

    Pomona, CA 91767
    • $3,999,000
    • STATUS: Active
    • ON SITE: 140 days
    • ID#: CV19127626
    UPDATED: 58 min ago
    $3,999,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,112
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:
    Area:

    School Ratings & Info

    Description

    Current Cap Rate of 4.94% and 12.77 GRM. The Casa Bonita Apartments, a 20 unit investment opportunity located in Pomona, California The asset rests on a 0 40 acre lot and is located South of Interstate 10 and East of Garey Avenue Casa Bonita was built in 1928 updated in 2018 and consists of 8 studio/one bathroom and 12 one bedroom/one bathroom floorplans Along with its Spanish style architecture, the property features gated access that opens to a well manicured courtyard. Approximately 18 units have been updated and feature new vinyl/plank flooring, new kitchen cabinets, countertops and paint. All units are individually metered for electricity and mastered metered for gas and central water heater. The buildings exterior has recently been painted and features newlandscape and light fixtures. Parking consists of 10 covered/gated spaces that are accessible by way of a rear alley There is also ample on street parking in the front and on the side of the property Laundry is on site and includes two sets of leased washer and dryers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/95402457

    206 E Alvarado Street Pomona, CA 91767

    • Price: $3,999,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: CV19127626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    14,112
    SQFT
    $283
    $/SQFT
    1928
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    Current Cap Rate of 4.94% and 12.77 GRM. The Casa Bonita Apartments, a 20 unit investment opportunity located in Pomona, California The asset rests on a 0 40 acre lot and is located South of Interstate 10 and East of Garey Avenue Casa Bonita was built in 1928 updated in 2018 and consists of 8 studio/one bathroom and 12 one bedroom/one bathroom floorplans Along with its Spanish style architecture, the property features gated access that opens to a well manicured courtyard. Approximately 18 units have been updated and feature new vinyl/plank flooring, new kitchen cabinets, countertops and paint. All units are individually metered for electricity and mastered metered for gas and central water heater. The buildings exterior has recently been painted and features newlandscape and light fixtures. Parking consists of 10 covered/gated spaces that are accessible by way of a rear alley There is also ample on street parking in the front and on the side of the property Laundry is on site and includes two sets of leased washer and dryers.
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.94 Community Features Suburban Country Us Elevation Units Feet Fuel Expense 2500.00 Gardener Expense 2400.00 Gross Income 307246.00 Gross Multiplier 12.77 Gross Operating Income 307246.00 Gross Scheduled Income 313140.00 Insurance Expense 4000.00 Land Lease YN No Laundry YN Yes Licenses Expense 746.00 Maintenance Expense 15000.00 Net Operating Income 197471.00 New Construction YN No New Taxes Expense 47880.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 20 Operating Expense 109775.00 Other Expense 12000.00 Other Expense Description On-Site Other Income1 3500.00 Pest Control Expense 1700.00 Professional Management Expense 11949.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 26095.00 Total Expenses 109775.00 Trash Expense 1600.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 10000.00 Water Source Public Year Built Source Assessor Zoning Por4yy

    Listing provided courtesy of David Covarrubias of Marcus & Millichap and Douglas Mccauley of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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