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1170 Murchison AVE Pomona, CA 91768
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Key Details
Sold Price $7,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR14082504
Sold Date 07/08/14
HOA Y/N No
Year Built 1964
Tax Year 2012
Lot Size 4.000 Acres
Property Description
52 Large Townhome Style Units. High growth area. Easy access to 10, 60, and 57 freeways. Close to Cal Poly Pomona. Rent below market. Actual Income: $703,500. Market Rent: $800,000. No rent control. Rent can be easily adjusted by the new owner. Long term tenants. Unit Mix: 30 – 3 Bedrooms 2 Baths, 22 – 2 Bedrooms 2 Baths. Average unit size is more than 1,114 sq. ft. Large Lot! Lot Size: 174,240 sq. ft. Building: 57,936 sq. ft. There is an extra lot in the back. Buyer to verify with city to build extra units. Many new homes surround this property. Buyer to verify subdivision possibilities w/city. Well maintained by the owner and tenants. Recently renovated – spent over $500K. Central Air Condition, Seperate meters, Also, Seperate water heater. Low expenses
Location
State CA
County Los Angeles
Area 687 - Pomona
Interior
Heating Forced Air
Fireplace No
Exterior
Carport Spaces 52
Pool Private, Association
Community Features Suburban
Utilities Available Sewer Connected
Amenities Available Pool
Total Parking Spaces 104
Private Pool Yes
Building
Lot Description 21-25 Units/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 8358015029
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Tien Fan • A + Realty & Mortgage
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