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521 Pomelo Ave

Monterey Park, CA 91755
  • $1,725,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 21-107281
UPDATED: 75 min ago
$1,725,000
  • 15
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,473
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Constructed in 1960 on a 17,752 square foot MPR3 lot, 521 Pomelo Avenue is a 5-unit property comprised of three one-story buildings with a total building size of 4,473 square feet. The property is separately metered for gas and electric, is serviced by Individual water heaters, and offers an on-site laundry facility and uncovered parking. 521 Pomelo Avenue is being offered for sale for the first time in almost four decades. 521 Pomelo Avenue boasts an ideal unit mix of one three-bedroom/one-bathroom unit and four three-bedroom/two-bathroom units. Rents are approximately 56% below market; the property is restricted by AB 1482.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T18:43:28.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123493026
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521 Pomelo Ave Monterey Park, CA 91755

  • Price: $1,725,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 75 min ago
  • MLS #: 21-107281
15
Beds
0
Baths
0
½ Baths
0.41
Acres
4,473
SQFT
$386
$/SQFT
1960
Built
Neighborhood:
Monterey Park
County:
Los Angeles
Area:
Monterey Park
Property Description
Constructed in 1960 on a 17,752 square foot MPR3 lot, 521 Pomelo Avenue is a 5-unit property comprised of three one-story buildings with a total building size of 4,473 square feet. The property is separately metered for gas and electric, is serviced by Individual water heaters, and offers an on-site laundry facility and uncovered parking. 521 Pomelo Avenue is being offered for sale for the first time in almost four decades. 521 Pomelo Avenue boasts an ideal unit mix of one three-bedroom/one-bathroom unit and four three-bedroom/two-bathroom units. Rents are approximately 56% below market; the property is restricted by AB 1482.
Exterior Features

Entry Location Ground Level W/Steps Exterior Construction FrameStucco Lot Size Area 17752 Other Structures None Parking Garage Uncovered Pool Description None Pool YN No Roof FlatOther Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 0 View Description None View YN No

Interior Features

Baths Total 9.00 Cooling Wall Unit(S) Equipment Range/OvenRefrigerator Fireplace Rooms None Heating Wall

Property Features

Electric Expense 600.00 Gardener Expense 1500.00 Gross Income 84360 Gross Operating Income 81829 Insurance Expense 2013.00 Like Units1 1 Like Units2 1 Like Units3 3 Maintenance Expense 2250.00 Management Expense 4091.00 Net Operating Income 38514.00 Number Of Buildings 3 Number Of Units 5 Sale Type Standard Security Features None Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 43315 Type Of Units Multifamily Water Expense 7250.00 Year Built Source Assessor Zoning Mpr3*

Listing provided courtesy of Priscilla Nee DRE#01435254 of Cb Richard Ellis, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T18:43:28.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253