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Listed by Vince Kwon • IRN Realty
$1,690,000
Est. payment /mo
3,955 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,955 sqft
Price per Sqft $427
MLS Listing ID TR-26237889
Year Built 1960
Lot Size 0.351 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional Five-Unit Multifamily Investment Opportunity in Pomona, CA!
Discover an outstanding opportunity to acquire a five-unit multifamily investment property in the desirable city of Pomona. Featuring three detached buildings, this income-producing asset offers an attractive combination of modern upgrades, desirable amenities, multiple rental income streams, and excellent value-add potential.
The property features a versatile unit mix consisting of **one 3-bedroom/1-bathroom unit, two 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units**. Each residence is individually metered and equipped with its own private garage and washer/dryer hookups, providing added convenience and enhancing rental appeal.
Parking is a standout feature, offering **four single-car garages and one two-car garage** designated for the three-bedroom residence. A wide central driveway and spacious rear parking area provide additional off-street parking. The three-bedroom unit also features a private backyard, offering desirable outdoor living space.
Most units have already undergone tasteful interior improvements, including **wood-look porcelain tile flooring, quartz-style countertops, and updated bathroom tile finishes**, creating modern and attractive living environments while potentially minimizing immediate renovation expenses.
Strategically located in Pomona, the property offers convenient access to Interstate 10, State Route 71, Cal Poly Pomona, the Pomona Metro Station, Fairplex, Brackett Field Airport, and Downtown Pomona. Its proximity to major transportation corridors, educational institutions, employment centers, shopping, and entertainment enhances its appeal to prospective tenants.
**From an investment perspective**, the property's individually metered utilities, detached building configuration, private garages, and existing improvements provide opportunities for efficient management and long-term income growth. Additional upside may be realized through strategic rental optimization and continued property enhancements, subject to applicable regulations.
**An exceptional opportunity for investors seeking an established multifamily asset with strong rental appeal and value-add potential in the Southern California market. Contact us today for additional information or to schedule a private showing!**
Discover an outstanding opportunity to acquire a five-unit multifamily investment property in the desirable city of Pomona. Featuring three detached buildings, this income-producing asset offers an attractive combination of modern upgrades, desirable amenities, multiple rental income streams, and excellent value-add potential.
The property features a versatile unit mix consisting of **one 3-bedroom/1-bathroom unit, two 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units**. Each residence is individually metered and equipped with its own private garage and washer/dryer hookups, providing added convenience and enhancing rental appeal.
Parking is a standout feature, offering **four single-car garages and one two-car garage** designated for the three-bedroom residence. A wide central driveway and spacious rear parking area provide additional off-street parking. The three-bedroom unit also features a private backyard, offering desirable outdoor living space.
Most units have already undergone tasteful interior improvements, including **wood-look porcelain tile flooring, quartz-style countertops, and updated bathroom tile finishes**, creating modern and attractive living environments while potentially minimizing immediate renovation expenses.
Strategically located in Pomona, the property offers convenient access to Interstate 10, State Route 71, Cal Poly Pomona, the Pomona Metro Station, Fairplex, Brackett Field Airport, and Downtown Pomona. Its proximity to major transportation corridors, educational institutions, employment centers, shopping, and entertainment enhances its appeal to prospective tenants.
**From an investment perspective**, the property's individually metered utilities, detached building configuration, private garages, and existing improvements provide opportunities for efficient management and long-term income growth. Additional upside may be realized through strategic rental optimization and continued property enhancements, subject to applicable regulations.
**An exceptional opportunity for investors seeking an established multifamily asset with strong rental appeal and value-add potential in the Southern California market. Contact us today for additional information or to schedule a private showing!**
Location
State CA
County Los Angeles
Area 687 - Pomona
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 6.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900