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631 Locust Street, Pomona, CA 91766
$2,980,000
631 Locust Street, Pomona, CA 91766View this property at 631 Locust Street, Pomona, CA 91766
631 Locust StreetPomonaCA91766
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Property Description
The property comprises of 15 units situated on two parcels that consist of 23,489 square feet lot of land. The property is positioned one block from Downtown Pomona between E 6th Street and E 7th Street and is within a short drive to the Fairplex, home of the annual LA County Fair and a multitude of international race car competitions and popular events. The property has been well maintained and many units have been upgraded. The property offers convenient access to nearby shops, grocery stores, eateries and municipal services.
631-639 S Locust Street features cottage-style single story duplexes and two story garden-style apartment units. The grounds are well-kept with mature and lush landscaping, individual yards, porches or patios, individual garages and an abundant amount of surface vehicle parking. The units feature fully-equipped kitchens with appliances, security screen doors, wall-to-wall carpet, wall air conditioning and heating.
The property offers convenient access to the 71, 10, 57 and 60 Freeways connecting to all of Los Angeles County, as well as Riverside, San Bernardino and Orange counties. Neighboring cities include: Chino, Chino Hills, Claremont, San Dimas, La Verne and Ontario. Pomona provides a scenic atmosphere and is within a short distance to local landmarks, such as Downtown Pomona, Fox Theatre, Raging Waters, the Pomona Superior Court, Frank G. Bonelli Regional Park, California State Polytechnic University, the Downtown Pomona Metrolink Station and more.
631-639 S Locust Street in Pomona is an income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Full Property Details
Full Property Details for 631 Locust St
General
- Price: $2,980,000
- Status: Active
- Type: Multi-Family
- MLS ID: CV24026610
- Updated: 5/9/2024
- Days on Market: 104 days
- Added to Site: 104 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 12
- Parking Features: Garage
- Parking: Garage
Location
- Area: 687 - Pomona
- County: Los Angeles
- Development Name: 687 - Pomona
- Driving Directions: Merge onto I-10 W, Exit Towne Ave, Turn Left onto N Towne Ave, Turn Right on E Mission Blvd, Turn Left onto S Locust Street
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 15
- # Electric Meters: 15
Structural Information
- Entry Location: 1
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 8,988
- Year Built: 1948
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
Unit 2
- Number of Units: 12
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.5392
- Lot Size (Sq. Ft.): 23,489
- Lot Size Source: Assessor
- Zoning: POT3*
- Lot Description: 11-15 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $331.55
- Price Per Unit: 198667
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Cb Richard Ellis, ERIC CHEN
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Schools
Schools serving 631 Locust St
School District:Pomona Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
351 W Phillips Blvd, Pomona, CA 91766 | PK-6 | 0.7 mi | |
900 E Franklin Ave, Pomona, CA 91766 | 6-8 | 1.1 mi | |
321 W Lexington Ave, Pomona, CA 91766 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 631 Locust St
Date
Details
Price
Change
Source
5/09/2024
Price Reduced
$2,980,000
-6.29%
MLS
2/27/2024
Price Reduced
$3,180,000
-3.05%
MLS
2/06/2024
Listed
$3,280,000
49.09%
MLS
1/26/2017
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 631 Locust St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$25,983
2%
$1,952,957
2%
2022
$25,581
2%
$1,914,680
2%
2021
$24,998
—
$1,877,153
1%
2020
$24,920
-2%
$1,857,914
2%
2019
$25,527
8%
$1,820,700
2%
2018
$23,714
111%
$1,785,000
139%
2017
$11,228
5%
$746,758
2%
2016
$10,718
1%
$732,116
2%
2015
$10,627
—
$721,120
2%
2014
$10,616
1%
$706,995
—
2013
$10,507
—
$703,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 631 Locust St
631 Locust Street, Pomona, CA 91766 (MLS# CV24026610) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 631 Locust Street is currently listed for $2,980,000 and was received on February 06, 2024. Want to learn more about 631 Locust Street? Do you have questions about finding other Multi-Family real estate for sale in Pomona? You can browse all Pomona real estate or contact a Coldwell Banker agent to request more information.