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648 Abbey Ln

5 Unit Block of Flats £1,183,500 (£236,700/Unit) 5.49% Net Initial Yield Pomona, CA 91767

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Executive Summary

Great opportunity for investor .Property has upside potential for the rent .Each unit has one car garage total 5 car garage .
15 Minute driving distance to the California State Polytechnic University. Bank required 50% down payment to get the loan approval. Seller is highly motivated, negotiable price, bring all offers!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£90,298	£20.66
Other Income	£1,185	£0.27
Vacancy Loss	-	-
Effective Gross Income	£91,483	£20.93
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£90,298
Annual Per SF	£20.66

Other Income
Annual	£1,185
Annual Per SF	£0.27

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£91,483
Annual Per SF	£20.93

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£1,183,500	Building Class	C
Price Per Unit	£236,700	Lot Size	0.18 AC
Sale Type	Investment	Building Size	4,370 SF
Net Initial Yield	5.49%	Average Occupancy	100%
Gross Rent Multiplier	12.95	Number of Floors	2
No. Units	5	Year Built	1960
Property Type	Residential	Parking Ratio	1.14/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£1,183,500
Price Per Unit	£236,700
Sale Type	Investment
Net Initial Yield	5.49%
Gross Rent Multiplier	12.95
No. Units	5
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.18 AC
Building Size	4,370 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1960
Parking Ratio	1.14/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	1	£871.84	1
2+1	3	£1,539	1
3+1	1	£2,099	1

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PROPERTY TAXES

Parcel Number	8323-029-026	Improvements Assessment	£366,365 (2024)
Land Assessment	£597,754 (2024)	Total Assessment	£964,119 (2024)

PROPERTY TAXES

Parcel Number

8323-029-026

Land Assessment

£597,754 (2024)

Improvements Assessment

£366,365 (2024)

Total Assessment

£964,119 (2024)

zoning

Zoning Code	R3 (Residential)
R3 (Residential)

Listing ID: 25818297
Date on Market: 31/05/2022
Last Updated:
Address: 648 Abbey Ln, Pomona, CA 91767

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648 Abbey Ln, Pomona, CA for sale Building Photo- Image 1 of 2 — 648 Abbey Lane . Pomona , CA

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