521 South Pomelo Avenue

Monterey Park, CA 91755

$2,380,000
Price
9
Beds
9
Baths
4,473 Sq. Ft.
$532 / Sq. Ft.
4,473
Sq. Ft.
$532
per Sq. Ft.

Description

5 unit property comprised of 3 one story buildings with unit mix of one 3 bedroom/1 bath and four 3 bedrooms/two baths, totaling 4,473 SF. Exterior recently painted. Separate meters for gas and electricity, and individual water heaters for each unit. On site laundry facility and uncovered parking. Property sits on a spacious 17,752 lot with MPR3 zoning. Easy access to 10 fwy and 60 fwy.5 unit property comprised of 3 one story buildings with unit mix of one 3 bedroom/1 bath and four 3 bedrooms/two baths, totaling 4,473 SF. Exterior recently painted. Separate meters for gas and electricity, and individual water heaters for each unit. On site laundry facility and uncovered parking. Property sits on a spacious 17,752 lot with MPR3 zoning. Easy access to 10 fwy and 60 fwy.
  1. Listed by CRYSTAL YOUNG • DRE #01783560 • Brokerage DRE #02002822 • RESOUND PROPERTIES • 626-863-2221

Property Details for 521 South Pomelo Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4473
Assessor Parcel Number
5259-009-049
Property Attached YN
true

Location

Listing Courtesy of RESOUND PROPERTIES, CRYSTAL YOUNG, DRE #01783560
Add your commute
LISTING UPDATED: 04/27/2024 02:49 PM

Property Details for 521 South Pomelo Avenue

StatusActive
MLS #WS24082137
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Location

Listing Courtesy of RESOUND PROPERTIES, CRYSTAL YOUNG, DRE #01783560
Add your commute

Building Information for 521 South Pomelo Avenue

Building/Complex521 S Pomelo AveFloor-Stories1Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$15,192 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,989

Property Taxes

$2,203

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 South Pomelo Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $109,870
  • Gross Scheduled Income: $109,870
  • Net Operating Income: $64,050
  • Laundry Income: $550
Expense Details
  • Operating Expense: $45,820
  • New Taxes Expense: $26,450
  • Gardener Expense: $1,440
  • Fuel Expense: $600
  • Electric Expense: $780
  • Insurance Expense: $2,780
  • Maintenance Expense: $3,000
  • Professional Management Expense: $4,880
  • Other Expense: $480
  • Other Expense Description: Laundry
  • Trash Expense: $1,800
  • Water Sewer Expense: $3,610
  • Total Expenses: $45,820
Tax / Assessment Info
  • Tax Block: R
  • Tax Tract Number: 786
  • Tax Census Tract: 4822.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lawn
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,830
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,770
  • Unit Type Total Rent: $1,770
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,970
  • Unit Type Total Rent: $1,970
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 3

Property History for 521 South Pomelo 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 521 South Pomelo Avenue

Taxable ValueLand$1,020,000Additions$877,200Total$1,897,200
Tax Record2023$26,436 ($2,203 / month)
Home Facts
Total Finished SqFt4,473 SqFtAbove Grade Finished SqFt4,473 SqFtLot Size17,752 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningMPR3*CountyLOS ANGELESAPN5259-009-049

Schools near 521 South Pomelo Avenue

This home is within Garvey Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Monterey Vista Elementary School
PublicK to 6

Garvey (Richard) Intermediate School
Public7 to 8

Mark Keppel High School
Public9 to 12

Duff Language Magnet Academy
PublicK to 6

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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521 South Pomelo Avenue is a multi-family home for sale in Monterey Park, CA 91755. This property was listed for sale on April 26, 2024 by RESOUND PROPERTIES, it's currently listed at $2,380,000. It has been on the market for a total of 13 days and was last sold on January 21, 2022. This listing's school district is Garvey Elementary School District. Nearby schools include Monterey Vista Elementary School, Garvey (Richard) Intermediate School and Mark Keppel High School. 521 South Pomelo Avenue is a 9-bed, 9-bath, 4,473 sqft multi-family home built in 1960.

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 RESOUND PROPERTIES, CRYSTAL YOUNG, DRE #01783560

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.