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1153 Pasadena Street
Pomona, CA 91767
Sold
PRICED TO SELL!!! We are pleased to exclusively offer for sale this newly listed 5-unit multi-family residential income property in the city of Pomona. The unit mix consists of ALL 2-Bedroom/1-Bathroom units and boasts the charm of single-story, garden-style construction, ensuring a comfortable and appealing living environment for tenants. A notable aspect of this property is the dual-entry design in each unit, offering both front and rear access. This enhances tenant privacy and accessibility, adding to the property's appeal. The inclusion of garage parking and private patios further elevates the living experience for tenants. Each unit is separately metered for electricity and gas while the owner pays for water and trash. This simplifies utility management and can potentially reduce overhead costs. For investors seeking to add value, there is an intriguing possibility of converting the 5 single-car garages into ADUs, subject to confirmation with city authorities. From a financial perspective, this property is notable for its promising projections. It boasts a proforma CAP rate of 8% and offers a substantial 65% upside potential in rental income. This makes it a compelling investment for those seeking properties with high growth potential. With its combination of desirable layout, value-add potential, and strong financial outlook, this asset is poised to deliver exceptional returns to its new owner.
PROPERTY INFORMATION
| MLS # | CV23224522 | Lot Size | 10,942 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,050,000
Price Per SqFt: $ 275 |
DOM | 677 Days |
| Address | 1153 Pasadena Street | Type | Residential Income |
| City | Pomona | Sq.Ft. | 3,815 Sq. Ft. |
| Postal Code | 91767 | Garage | 5 |
| County | Los Angeles | Year Built | 1954 |
| Bed / Bath | 10 / 0 | Parking | 5 |
| Built In | 1954 | Status | Closed |
| Sold Date | 2023-12-29 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,120
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 12/29/2023 | Sold | $1,050,000 |
| 12/18/2023 | Pending | $1,050,000 |
| 12/12/2023 | Listed | $1,050,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Kristopher German, RE/MAX 2000 REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
