Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    662 Karesh Ave Pomona, CA 91767-5253

    • Apartment buildings
    • 3,838 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2021
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8623800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mariachi Mexico , Mariachis en Fontana CA, Mariachis en Riverside CA / Music Venue / Theater & Performing Art Venue

    Property Details for 662 Karesh Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,838 SF
    Zone code
    POR301
    Property type
    Apartment buildings
    APN
    8323-029-006
    APU
    8323029006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $990,000
      6.5%
      $915,000
      7%
      $850,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,125,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.723
    Latitude
    34.0653
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,827
    $232,114
    $456,686
    $688,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,950,000
      9,934 SF

      601 Pasadena St

      APARTMENT HOUSE (5+ UNITS) • 9,934 SF
      601 Pasadena St, Pomona, CA 91767-4803
      View Details
    • Value Estimation
      $3,340,000
      20,806 SF

      655 San Francisco Ave

      APARTMENT HOUSE (5+ UNITS) • 20,806 SF
      655 San Francisco Ave, Pomona, CA 91767-4846
      View Details
    • Value Estimation
      $890,000
      5,551 SF

      2191 Towne Ave

      APARTMENT HOUSE (5+ UNITS) • 5,551 SF
      2191 Towne Ave, Pomona, CA 91767-2431
      View Details
    • Value Estimation
      $975,000
      7,094 SF

      519 San Francisco Ave

      APARTMENT HOUSE (5+ UNITS) • 7,094 SF
      519 San Francisco Ave, Pomona, CA 91767-4845
      View Details
    • Value Estimation
      $920,000
      6,828 SF

      1660 Kingsley Ave

      APARTMENT HOUSE (5+ UNITS) • 6,828 SF
      1660 Kingsley Ave, Pomona, CA 91767-5349
      View Details
    • Value Estimation
      $2,245,000
      13,470 SF

      2013 Las Vegas Ave

      APARTMENT HOUSE (5+ UNITS) • 13,470 SF
      2013 Las Vegas Ave, Pomona, CA 91767-2737
      View Details

    Similar Nearby for Sale

    • $710,000
      1,460 SF

      Pomona Duplex with Modern Upgrades

      Updated Pomona duplex featuring private yards and strong rental potential.
      1580 Bradford St, Pomona, CA 91767
      View Details
    • $1,300,000
      3,492 SF

      Pomona Triplex Investment Opportunity

      Triplex in Pomona, CA, with income potential and convenient location.
      886 E Kingsley Ave, Pomona, CA 91767
      View Details
    • $950,000
      2,016 SF

      Pomona Duplex: Income Opportunity

      Income-generating duplex in Pomona, CA with two units.
      1935 Royalty Dr, Pomona, CA 91767
      View Details
    • $950,000
      2,016 SF

      Pomona Duplex: Income-Generating Opportunity

      Income-generating duplex in Pomona with two separate units.
      1924 Royalty Dr, Pomona, CA 91767
      View Details
    • $1,000,000
      1,976 SF

      Pomona Duplex on Corner Lot

      Charming duplex in Pomona with investment and lifestyle potential.
      1925 Royalty Dr, Pomona, CA 91767
      View Details
    • $950,000
      2,016 SF

      Pomona Duplex: Income Opportunity

      Income-generating duplex in Pomona with two units and desirable location.
      1936 Royalty Dr, Pomona, CA 91767
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      47,256 SF

      Pomona Industrial Distribution Center

      40,075 SF Warehouse Space Available
      270 Bonita Ave, Pomona, CA 91767
      View Details
    • Contact for pricing
      3,645 SF

      Pomona Warehouse with Mezzanine Office

      Multi-tenant warehouse space with mezzanine office, convenient freeway access.
      100 S Reservoir St, Pomona, CA 91767
      View Details
    • Contact for pricing
      3,032 SF

      Retail Space in Pomona Center

      High-visibility retail space in a busy Pomona shopping center.
      345 E Foothill Blvd, Pomona, CA 91767
      View Details
    • $1,710,000
      9,500 SF

      Pomona Freestanding Industrial Building

      Freestanding industrial building on 0.43 acre lot for lease.
      205 Hershey St, Pomona, CA 91767
      View Details
    • Contact for pricing

      Pomona Warehouse with Secured Yard

      Multi-tenant warehouse with secured yard available for sublease.
      2701 Kimball Ave, Pomona, CA 91767
      View Details
    • Contact for pricing

      Pomona Medical Office Building

      Turn-key medical office near Pomona Valley Hospital.
      2005 Garey Ave, Pomona, CA 91767
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    662 Karesh Ave
    Pomona, CA 91767-5253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!