1541 West Orange Grove Avenue

Pomona, CA 91768

$1,500,000
Price
4
Beds
3
Baths
1,880 Sq. Ft.
$798 / Sq. Ft.
1,880
Sq. Ft.
$798
per Sq. Ft.

Description

This triplex in Pomona is a great investment property and perfect for a developer! This property sits on a 0.5-acre lot with plenty of room for additional units on the unused lot. The city of Pomona said that 7-10 additional units could be built. This multi-family property is conveniently located near Cal Poly Pomona, Mt. San Antonio College, Claremont Colleges, Devry University, University of La Verne, and Western University. Very close to the historic Fox Theater, restaurants, pubs, shops, and...This triplex in Pomona is a great investment property and perfect for a developer! This property sits on a 0.5-acre lot with plenty of room for additional units on the unused lot. The city of Pomona said that 7-10 additional units could be built. This multi-family property is conveniently located near Cal Poly Pomona, Mt. San Antonio College, Claremont Colleges, Devry University, University of La Verne, and Western University. Very close to the historic Fox Theater, restaurants, pubs, shops, and Art Galleries in Downtown Pomona. Only 30 minutes from Downtown Los Angeles, 17 minutes from Ontario International Airport, and 41 minutes from John Wayne Airport. This home has 5 parks within 6.1 miles, including Frank G. Bonelli Regional Park, Millikan Planetarium, and Alf Museum of Paleontology.
  1. Listed by Vince Kwon • DRE #01778421 • Brokerage DRE #01983717 • IRN Realty • 626-374-5121

Property Details for 1541 West Orange Grove Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1880
Assessor Parcel Number
8355-021-057
Property Attached YN
true

Location

Listing Courtesy of IRN Realty, Vince Kwon, DRE #01778421
Add your commute
LISTING UPDATED: 05/31/2024 03:13 AM

Property Details for 1541 West Orange Grove Avenue

StatusActive
MLS #TR24039662
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.50 AC / 21,931 SF
CountyLos Angeles County

Location

Listing Courtesy of IRN Realty, Vince Kwon, DRE #01778421
Add your commute

Building Information for 1541 West Orange Grove Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.50 AC / 21,931 SF

Payment Calculator

$8,920 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$734

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1541 West Orange Grove Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $72,600
  • Gross Scheduled Income: $72,600
  • Net Operating Income: $60,000
Expense Details
  • Operating Expense: $12,600
  • New Taxes Expense: $8,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,200
  • Trash Expense: $1,300
  • Water Sewer Expense: $1,300
  • Total Expenses: $12,600
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4024.06
  • CFD/Mello-Roos Fee: $807
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1541 West Orange Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1541 West Orange Grove Avenue

Taxable ValueLand$487,000Additions$188,000Total$675,000
Tax Record2023$8,813 ($734 / month)
Home Facts
Total Finished SqFt1,880 SqFtAbove Grade Finished SqFt1,880 SqFtLot Size21,872 SqFtStyleTriplexYear Built1922ZoningPOR16000*CountyLOS ANGELESAPN8355-021-057

Schools near 1541 West Orange Grove Avenue

This home is within Pomona Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Arroyo Elementary School
PublicK to 6

Marshall Middle School
Public6 to 8

Ganesha High School
Public9 to 12

Cortez Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1541 West Orange Grove Avenue is a multi-family home for sale in Pomona, CA 91768. This property was listed for sale on February 26, 2024 by IRN Realty, it's currently listed at $1,500,000. It has been on the market for a total of 118 days and was last sold on May 3, 2022. This listing's school district is Pomona Unified School District. Nearby schools include Arroyo Elementary School, Marshall Middle School and Ganesha High School. 1541 West Orange Grove Avenue is a 4-bed, 3-bath, 1,880 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IRN Realty, Vince Kwon, DRE #01778421

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.