Zone: R3
| Units: | 4 |
Lot SqFt: 10,350
Description: 4 large units all 2 bedrooms. Just remodeled a few months ago. Right across the street from shopping centers and markets. Easy access to major freeways. Great developing area. Large lot with potential. Lot size = 10,350 sq. ft. 4 units, all in 1 building. Building size = 3,612 sq. ft. All 2 bedrooms 1 bath. 903 sq. ft. each! Current rents are under market – average $950 to $975 per unit. Market rent at $1,150! Long term tenants. No vacancy. Separate meters for gas and electricity. Annual income: $46,200. Market potential income: $55,200. Monthly expense (current taxes, insurance, water, trash, maintenance, gardening): $875.45. Can be purchased with 1554 S. Garey Ave., Pomona for a combined lot size of 21,750 sq. ft. Development opportunity on this R3 lot! Buyer to check with the city for potential commercial development opportunity!
Gross Sched Income: $55,200
Net Oper Income: $42,591
Operating Expense$/%: $12,609
No Bed Bath Act Rent
A 2 1 $950
B 2 1 $975
C 2 1 $975
D 2 1 $950
New Tax: 7887. Ins: 1229 Water/Sw: 1635
Mnt: / 529 Gardener: 360 Trash: 969
Total: 12609
Sprte Elctrc Mtrs: 4 Gas Meters: 4 Water Meters: 1
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