Apartment Building with Updated
For Sale
$1,320,000
602 Karesh Avenue, Pomona, CA 91767
Apartment building built in 1960 with multiple unit updates, including remodeled kitchens and new interior paint.
Property Size3,838 SF
Lot Size0.16 Acres
Price / SF$343.93
Days on Market94
Property Features for 602 Karesh Avenue
General Information
Standard status
Active
Size
3,838 SF
Lot size
0.16 Acres
Property subtype
Apartment
Building Details
Building Size
3,838 SF
Year Built
1960
Listing Agency:
KO TAI REALTY
(562) 869-4248
Listed By:
LILY WANG · License #01321428
Source:
Camdenmckayre
Added: Apr 29
Changed: Jul 30
Last Checked: Jul 30 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KO TAI REALTY
Investment Insights
Based on property information with market context.
Apartment building built in 1960 offering 3,838 SF of building area on a 7,098 SF lot. The property includes unit updates such as remodeled kitchens in units 2, 3, and 6, along with new interior paint in units 1, 2, 3, 4, and 6. New flooring has been completed in units 3 and 4.
The address is 602 Karesh Avenue in Pomona, CA 91767. The property is described as a 16-minute drive distance to Cal-Poly University.
Additional remarks indicate current rental performance is below marketing potential, with an opportunity for rental increases of 5% every year. This can be considered as part of a tenant or investor review of future income assumptions.
The address is 602 Karesh Avenue in Pomona, CA 91767. The property is described as a 16-minute drive distance to Cal-Poly University.
Additional remarks indicate current rental performance is below marketing potential, with an opportunity for rental increases of 5% every year. This can be considered as part of a tenant or investor review of future income assumptions.
Key Highlights
- 3,838 SF apartment building on a 7,098 SF lot
- Built in 1960
- Remodeled kitchens in units 2, 3, and 6
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.8k | $29.40 |
| − Vacancy | −$4.7k | −$1.23 |
| EGI | $108.1k | $28.17 |
| − OpEx | −$48.6k | −$12.67 |
| NOI | $59.5k | $15.49 |
3,838 SF · lease $29.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$849.3K
$743.2K – $990.9K
NOI $59,454 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,143 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 91767, CA
51,654
Population
15,653
Households
3.3
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
5.7 sq mi
ZIP Area
9,062
Density / Sq Mi
$80,201
Median Household Income
$37,340
Median Earnings
$1,749
Median Rent
$585,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building built in 1960 with multiple unit updates, including remodeled kitchens and new interior paint.
Where is this apartment building located?
The property is located at 602 Karesh Avenue Pomona, CA.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: 3,838 SF apartment building on a 7,098 SF lot; Built in 1960; Remodeled kitchens in units 2, 3, and 6
