648 Abbey Ln
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648 Abbey Ln
5 Unit Apartment Building $1,500,000 ($300,000/Unit) 5.49% Cap Rate Pomona, CA 91767
Executive Summary
Great opportunity for investor .Property has upside potential for the rent .Each unit has one car garage total 5 car garage .
15 Minute driving distance to the California State Polytechnic University. Bank required 50% down payment to get the loan approval. Seller is highly motivated, negotiable price, bring all offers!
15 Minute driving distance to the California State Polytechnic University. Bank required 50% down payment to get the loan approval. Seller is highly motivated, negotiable price, bring all offers!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$114,300
|
$26.16
|
| Other Income |
$1,500
|
$0.34
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,800
|
$26.50
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $114,300 |
| Annual Per SF | $26.16 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.34 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $115,800 |
| Annual Per SF | $26.50 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,370 SF |
| Cap Rate | 5.49% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.95 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,370 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.14/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,105 | 1 |
| 2+1 | 3 | $1,950 | 1 |
| 3+1 | 1 | $2,660 | 1 |
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PROPERTY TAXES
| Parcel Number | 8323-029-026 | Improvements Assessment | $463,747 (2024) |
| Land Assessment | $756,641 (2024) | Total Assessment | $1,220,388 (2024) |
PROPERTY TAXES
Parcel Number
8323-029-026
Land Assessment
$756,641 (2024)
Improvements Assessment
$463,747 (2024)
Total Assessment
$1,220,388 (2024)
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
-
Lily Wang -
Ken Hsu -
Kotai Realty & Investments
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648 Abbey Ln
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