1018 Friar Lane
Pomona, CA 91766
MLS #OC17225815

Income
  • 4units
  • 4,088sq ft
Active Under Contract $830,000
Est. P&I payment: $3170.04/mo
1018 Friar Lane, Pomona, CA 91766
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Description for 1018 Friar Lane, Pomona, CA 91766
**FOUR-PLEX WITH LARGE UNITS AND IN A WELL-LOCATED CUL-DE-SAC**!! Unit A: 3 bed/2 ba, Unit B and C: 2 bed/1 ba, Unit D: 2 bed/1.5 ba. Each unit has its own meter for gas and electric. The building has a 4 car attached garage plus additional on-site parking. 2 of the units have porcelain floor tile throughout and 2 units have tile in the majority of the units. For additional income, the building has an attached coin laundry room which is used by the 4-Plex as well as the tenants of the adjacent 4-plex. The cul-de-sac ends at the Vejar Elementary School's back wall. Large manicured back yard and easy access to 10/60/71 freeways. HIGH DEMAND IN A GOOD RENTAL MARKET AND ALWAYS RENTED!!
MLS #OC17225815
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My Notes for MLS #OC17225815

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Year Built: 1964
  • Year Built Source: Assessor
  • Zoning: POR31500*
  • Elevation Units: Feet

Exterior Features

  • Stories Total: 2
  • Lot Features: Back Yard
  • Lot Size SqFt: 9,512
  • Lot Size Units: Square Feet
  • Garage Spaces: 4
  • Parking Total: 4
  • Pool Features: None
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet,​Tile
  • Levels: Two
  • Spa Features: None
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry YN: 1
  • Laundry Features: See Remarks
  • Water Source: Public
  • Sewer: Sewer Paid
  • Appliances YN: 1
  • Appliances: Gas Stove,​Gas Water Heater
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 7
  • Electric Expense: 712
  • Gross Scheduled Income: 56,400
  • Insurance Expense: 1,478
  • Laundry Income: 500
  • Net Operating Income: 43,881
  • Operating Expense: 12,519
  • Price Per SqFt: 203.03
  • Total Expenses: 12,519
  • Trash Expense: 949
  • Vacancy Allowance Rate: 5
  • Water Sewer Expense: 1,877
  • Tax Lot: 6
  • Gross Income: 500
  • Licenses Expense: 149

Community Features

  • Community Features: Sidewalks,​Storm Drains,​Street Lighting

Miscellaneous Features

  • Building Area Total: 4,088
  • Building Area Units: Square Feet
  • Days On Market: 42
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 42
  • Tax Census Tract: 4,025.02
  • Tax Tract Number: 28,546

Location

 
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Directions to 1018 Friar Lane, Pomona, CA 91766
Cross streets: Fernleaf and Hamilton
Listing information for 1018 Friar Lane, Pomona, CA 91766 was graciously provided by our friends at the listing brokerage, PK Real Estate & Investments and by listing agent Perna Diana DRE# 01387569

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Last Updated 01/23/2018 at 2:02pm
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