897 W Monterey

Pomona, CA 91768
  • $1,590,000

    Price
  • 8

    Bed
  • 5

    Bath
  • 4,832

    SqFt
  • 0.49

    Acre

About the Listing PB4909 - TRKWONROG

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!!!!

Listing Highlights for 897 W Monterey

Status Active
Days on Site 16
Property Type Multi-Family
MLS ® TR26224598
Year Built 1950
Total Square Footage 4,832
Lot/Acreage 0.49

Interior Details

  • Bedrooms: 8
  • Bathrooms: 5 Full
  • Appliances: Disposal, Gas Range, Water Heater
  • Air Cond: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Fireplaces:
  • Floor: Carpet,Laminate,Tile,Wood
  • Basement:
  • Other: Bedroom on Main Level
  • Water: Public

Exterior Details

  • Lot Description: 2-5 Units/Acre,No Land Lease
  • Garage Capacity: 2 car
  • Parking Spaces: 2
  • Roof: Shingle
  • Others: 2+ Total Units,Has ADU
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 8348009024
  • Tax Year: N/A

Payment Calculator

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Listing Location

Questions About..

897 W Monterey Pomona, CA 91768

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Originating MLS: CRMLS

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