897 W Monterey, Pomona, CA 91768
897 W Monterey, Pomona, CA 91768
897 W Monterey, Pomona, CA 91768
897 W Monterey, Pomona, CA 91768
897 W Monterey, Pomona, CA 91768
897 W Monterey, Pomona, CA 91768
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Orlando Garcia

Orlando Garcia

+1(562) 413-7349
$ 1,590,000
Est. payment | /mo

0.49 Acres Lot

Save
$ 1,590,000
Est. payment | /mo
Save

0.49 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26224598

HOA Y/N No

Year Built 1950

Lot Size 0.488 Acres

Property Sub-Type Mixed Use

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!!!!

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Interior Features Bedroom on Main Level

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Wood

Fireplace No

Appliance Disposal, Gas Range, Water Heater

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8348009024

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Roger Kwon IRN Realty roger.kwon@irnrealty.com, DRE #02002355

Nearby Locations

Orlando Garcia

+1(562) 413-7349

ogarcia@realtygrouphs.com

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897 W Monterey