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5442 Pomona Boulevard $1,890,000


    5442 Pomona Boulevard Los Angeles, CA 90022

    • 0 Beds
    • 0 Baths
    • 4,808 sq. ft.
    • Multi-Family
    • MLS# AR22054783
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    Views: 19 Days On Market: 257

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    Property Details

    5442-5450 Pomona Boulevard, a unique apartment asset with great amenities in one of the best locations in East LA bordering Monterey Park and Montebello. The property has been in the same ownership since 1990s and unique due to its single-story layout and its tremendously easy access to amenities on Atlantic Blvd (Monterey Park) and Montebello. It is within walking distance from many local & national retailers on Atlantic Blvd, and within walking distance from East LA College, the Vincent Price Art Museum, and the Metro Gold Line Atlantic Station. Tenants also enjoy proximity to Montebello Country Club which housed multiple hotels, and a major shopping center (in Montebello). The property is located nearby Citadel Outlets and Atlantic Times Square Monterey Park. Originally constructed in 1950 as a Garden-style office building, 5442-5450 Pomona Boulevard has been operated as apartments for many years and features a unique combination of amenities including Central HVAC in all units and a large, gated parking lot with 9 surface spaces and one handicap space. The property offers an excellent unit mix of all 2bedroom+1bathroom units. Each unit is sizable and has been upgraded within the past 4 years with new hardwood flooring and bathroom/kitchen fixtures. Each unit has individual water heater. The property has undergone major capital improvements during current ownership, which includes a brand new roof (10-year warranty), upgraded electrical, upgraded units, new exterior paint, and upgraded efficient planters. The property has a secured entrance, gated parking, and is separately metered for gas and electricity. It is situated on a large ±10,000SF lot and has been very well maintained by the current ownership inside and out. It has 10 parking spaces and does not require any soft story retrofit. Due to a large lot size, new owner may be able to add additional ADU units (buyer to verify). The property has maintained strong collections throughout the Covid-19 Pandemic and in 2022. There is a billboard located on the lot that is not part of the sale.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.000 %
      • Community Features Suburban, Valley
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 7
      • Number Of Separate Gas Meters 6
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 6
      • Number Of Units Total 6
      • YearBuilt 1950
    • Building Features
      • Carport Spaces 0.00
      • Cooling Central Air
      • Fireplace Features None
      • Heating Central
      • Laundry Features None
      • Levels One
    • Property Features
      • Lot Size Acres 0.23
      • Lot Features Lot 10000-19999 Sqft
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 10.00



    90022 (Los Angeles) Demographics

    32 Median Age
    15,087 Population Density (per sq. mile)
    15% College Educated
    $51,183 Estimated Median Income
    5,847 Estimated Total Home Owners
    11,592 Estimated Total Renters
    34% / 66% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    66,168 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $645,000 Median Sales Price
    5 Homes Sold
    6 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,890,000
        8/2/2022 3:02:03 PM Price Reduced Source: Multiple Listing Service New Value: $1,890,000 -5.5%
        7/19/2022 11:01:56 PM Price Reduced Source: Multiple Listing Service New Value: $2,000,000 -11.11%
        3/18/2022 6:35:00 PM New in Database Source: Multiple Listing Service New Value: $2,250,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 10:50:49 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.