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.
Property Details
Property Features
Property Information:
Year Built: 1948
Stories: 2
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 12 spaces
Parking: Garage
Lot Features
Lot Information:
Lot Size: 0.54 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Garey High School, Public District Grades 9-12
Simons Middle School, Public District Grades 6-8
Madison Elementary School, Public District Grades KG-6
Other
Directions Information:
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
Price Information
Listing Price Info
Price Summary:
List Price: $3,180,000
Tax Information:
Annual Amount: $24,998
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pomona, CA.
This property is $2.5M more than the Median Sold Price in Pomona, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24026610
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 07, 2017
Feb 07, 2017Home Sold
$2,200,000
Mar 16, 2012
Mar 16, 2012Home Sold
$865,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$24,998
$1,877,153
2020
$25,527
$1,857,114
2019
$23,714
$1,820,700
2018
$11,228
$1,785,000
2017
$11,228
$746,758
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15.9K
Per Month
Principal & Interest
$15.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,600
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Madison Elementary School
351 W Phillips Blvd
Distance between this listing and this school0.65 miles
Public District Grades KG-6
Middle School
4
/10
Simons Middle School
900 E Franklin Ave
Distance between this listing and this school1.08 miles
Public District Grades 6-8
High School
3
/10
Garey High School
321 W Lexington Ave
Distance between this listing and this school1.15 miles
Public District Grades 9-12
Assigned Schools
4
/10
Madison Elementary School
351 W Phillips Blvd
Distance between this listing and this school0.65 miles
Public District Grades KG-6
Nearby Schools
3
/10
Lopez Elementary School
701 S White Ave
Distance between this listing and this school0.60 miles
Public District Grades KG-6
4
/10
Washington Elementary School
975 E 9th St
Distance between this listing and this school0.65 miles
Public District Grades KG-5
Assigned Schools
4
/10
Simons Middle School
900 E Franklin Ave
Distance between this listing and this school1.08 miles
Public District Grades 6-8
Nearby Schools
4
/10
Vejar Elementary School
950 W Grand Ave
Distance between this listing and this school0.77 miles
Public District Grades KG-8
5
/10
Lexington Elementary School
550 W Lexington Ave
Distance between this listing and this school1.23 miles
Public District Grades KG-8
Assigned Schools
3
/10
Garey High School
321 W Lexington Ave
Distance between this listing and this school1.15 miles
Public District Grades 9-12
Nearby Schools
5
/10
School of Arts and Enterprise
295 N Garey Ave
Distance between this listing and this school0.45 miles
Public Charter Grades 6-12
3
/10
Fremont Academy of Engineering and Design
725 W Franklin Ave
Distance between this listing and this school1.00 miles
The neighbors living near this home have an average income of $34,375. Typical income of Pomona, CA residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 631 Locust St
What is the listing price of this property?
The listing price of 631 Locust St property is $3,180,000.
What type of property is this?
The property 631 Locust St is a condo located in Pomona, California, 91766.
Is this property for sale now?
Active Listing: 631 Locust St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 631 Locust St are: Madison Elementary School: GreatSchools Rating 4/10Simons Middle School: GreatSchools Rating 4/10Garey High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $24,998 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 7, 2017 for $2,200,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 631 Locust St is 1948.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 631 Locust St in Pomona, CA and zip code 91766. This home, which was built in 1948, sits on a 0.54 acre lot. It has been listed on Rocket Homes since February 07, 2024 and is currently priced at $3,180,000.
Pomona, CA housing market in March 2024 saw over 24 listings sold above listed price, more than 20 sold at listed price and over 13 sold below. The number of listings in Pomona, CA decreased by 1.7% between February 2024 and March 2024. Listings spent 25 days on the market in March 2024, and had a median list price of $636,650 during the same period.
From Rocket Homes Real Estate and based on county public records data.