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$539,893Estimated home value

Beds
6
Baths
4.0
sq ft
2,431

726 W Franklin Ave, Pomona, CA 91766

726 W Franklin Ave

Pomona, CA 91766

  • Sold On 8/22/2024
    • Price drop $30,000↓
Great opportunity to Investors! A fabulous single story multiple family in Pomona area! Close to everything! 2 minutes to 71 freeway, 5 minutes to 60 freeway, close to shopping centers, the most desire location in Pomona! The property has 6 bedrooms and 4 bathrooms, lot 8,225 square feet. It can be divided into 4 separate units with independent access(Including 2 two beds, one-living room, one-baths suites; and 1 one-bedroom, one-living room, one-baths suites; and 1 one-bedroom, one-baths suites; ). The entire house has been remodeled: new floors, new kitchen, new bathrooms, upgraded electrical panel, water heater, new insulation, and more. All remodel works have permission please see MLS supplements. The garage can be converted into a 2-bedroom 1-bathroom ADU with design drawings already completed. Additionally, there's space in the backyard for another ADU. Come take a look and make this yours! it will be perfect to occupy one unit and rent out the others, it is a must see one!

Details

Property type

Single Family Residence

Est. home value

$539,893

Property condition

Updated/Remodeled

Lot size

8,225 sq ft

Price per sq ft

$411

Year built

1963

Price History

08/22/2024
CRMLS

CRMLS #TR24095654

Sold
$950,000
-4.81%
08/03/2024
CRMLS

CRMLS #TR24095654

Pending
$998,000
07/23/2024
CRMLS

CRMLS #TR24095654

Price change
$998,000
-2.92%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks, Park

High school district: 

Pomona Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank

Loan start date

March 2007

Original loan amount

$64,000

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Credit Line (Revolving), 30 year

Seller

Marta D Salamanca

Lender

First Federal Bank Of California

Loan start date

November 2006

Original loan amount

$332,500

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Negative Amortization, 40 year

Seller

Martha Salamanca

Lender

Budget Finance Company

Loan start date

July 2002

Original loan amount

$100,000

Est. remaining balance

$47,282

Interest rate

6.76%

Loan type

Not Provided, 30 year

Seller

Martha Salamanca

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 10/05/2024 at 5:05 PM

Listing updated: 08/22/2024 at 9:22 PM

Listed by: Fuqiang Yun, Homequest Real Estate Phone #: (909) 606-0888

MLS: CRMLS #TR24095654

CRMLS logo

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