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(626) 893-2817
Gilbert Garcia
897 W Monterey, Pomona, CA 91768
- $1,590,000
- List Price
- $1,590,000
- Status
- ACTIVE
- MLS#
- TR26224598
- Year Built
- 1950
- Lot Size
- 21,273
- Acres
- 0.49
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Welcome to an outstanding opportunity to acquire a 5 unit multi-family property that withholds three sizable separate buildings on one given lot. This property is nestled in central Pomona and is conveniently located near downtown. The first building is 1,410 sq ft. The second building is 1,320 sq ft. The third and final building is 2,102 sq ft. Altogether there is 4,832 sq ft of interior living space. Three of the units will be comprised of 1-bed/1-bath. One unit will have 3-bed/1-bath. The final unit has 2-bed/1-bath with a loft space that is accessible via the staircase. This income producing property offers a stable steady cashflow exceeding a 5 pecent cap rate as is. If we consider the pro forma rent potential there is further room for growth. Savvy investors will unequivocally be utterly delighted and will further appreciate that each unit has its own separate electric, gas AND water meter present. Three of the units were updated approximately three years ago. The 2 car parking garage is currently vacant. It has ADU conversion potential. The seller is currently awaiting final approval from LA County regarding it. Each unit has 2 parking spots to take advantage of outside. Last but not least, there is easy access to dining, entertainment, public transportation, freeways and schools. This is an incredible opportunity you will not want to miss out on. TAKE ADVANTAGE WHILE YOU CAN!!!!
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Additional Information
- Appliances
- Disposal, Gas Range, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Bedroom on Main Level
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $120,000
- Operating Expense
- 28700
Listing courtesy of Listing Agent: Roger Kwon (roger.kwon@irnrealty.com) from Listing Office: IRN Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.