624-632 Abbey Lane

Pomona, CA 91767

$2,750,000
Price
14
Beds
12
Baths
9,018 Sq. Ft.
$305 / Sq. Ft.
9,018
Sq. Ft.
$305
per Sq. Ft.

Description

Great 10 units multifamily investment property in the city of Pomona! Upside rent potential! 624-632 Abbey Lane Apartment consists of two 5-unit buildings with a courtyard. There are eight 2-bedroom/1-bathroom units & two 2-bedroom/1.5-bathroom units.  Downstairs units have its own private yard & upstairs units have balconies. The building is individually metered for gas & electricity. Each unit is paired with a covered carport parking space in the rear of the property. The property has been updated...Great 10 units multifamily investment property in the city of Pomona! Upside rent potential! 624-632 Abbey Lane Apartment consists of two 5-unit buildings with a courtyard. There are eight 2-bedroom/1-bathroom units & two 2-bedroom/1.5-bathroom units.  Downstairs units have its own private yard & upstairs units have balconies. The building is individually metered for gas & electricity. Each unit is paired with a covered carport parking space in the rear of the property. The property has been updated recently. Roof has been redone in 2020, windows have been updated & building exterior has been repainted in 2021.    Long term and stable tenants always pay on time! The two laundry rooms can also provide extra income for you!
  1. Listed by Christy Cheng • DRE #01869537 • Brokerage DRE #01815494 • Accelus Realty Inc. • 626-450-5677

Property Details for 624-632 Abbey Lane

Parking Spaces Total
10
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9018
Assessor Parcel Number
8323-023-019
Property Attached YN
true

Location

Listing Courtesy of Accelus Realty Inc., Christy Cheng, DRE #01869537
Add your commute
LISTING UPDATED: 01/23/2024 04:01 AM

Property Details for 624-632 Abbey Lane

StatusActive
MLS #TR23028192
Days on Market403
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of Accelus Realty Inc., Christy Cheng, DRE #01869537
Add your commute

Building Information for 624-632 Abbey Lane

Building/Complex624-632 Abbey LnFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$15,008 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 624-632 Abbey Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $166,467
  • Gross Scheduled Income: $243,348
  • Net Operating Income: $203,570
  • Laundry Income: $219
  • Other Income Description: Late fees
  • Other Income 1: $900
Expense Details
  • Operating Expense: $39,778
  • Fuel Expense: $2,760
  • Electric Expense: $1,680
  • Insurance Expense: $2,741
  • Professional Management Expense: $7,500
  • Trash Expense: $5,130
  • Water Sewer Expense: $6,600
  • Total Expenses: $39,778
Tax / Assessment Info
  • Tax Tract Number: 20535
  • Tax Census Tract: 4027.02
  • Tax Lot: 2, 1
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Washer Included
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 8323023018
  • Lot Features: Front Yard, Rectangular Lot, Sprinkler System
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • 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: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • 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: $2,179
  • Unit Type Total Rent: $2,179
  • Unit Type Pro Forma: 2179
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,590
  • Unit Type Total Rent: $1,590
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,590
  • Unit Type Total Rent: $4,770
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 5
Unit 6
  • 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: $1,640
  • Unit Type Total Rent: $1,640
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2

Property History for 624-632 Abbey Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 624-632 Abbey Lane

This home is within Pomona Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Emerson Middle School
Public6 to 8

Pomona High School
Public9 to 12

School Of Extended Educational Options
CharterK to 12

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.

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624-632 Abbey Lane is a multi-family home for sale in Pomona, CA 91767. This property was listed for sale on February 17, 2023 by Accelus Realty Inc., it's currently listed at $2,750,000. This listing's school district is Pomona Unified School District. Nearby schools include Kingsley Elementary School, Emerson Middle School and Pomona High School. 624-632 Abbey Lane is a 14-bed, 12-bath, 9,018 sqft multi-family home built in 1963.

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 Accelus Realty Inc., Christy Cheng, DRE #01869537

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.