724 W 2nd Street, Pomona, CA 91766 – CRAR25082143

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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Han Chen • Growth Investment Group Pasade

$810,000

Est. payment - /mo

2,978 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,978 sqft

Price per Sqft $271

MLS Listing ID CRAR25082143

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1902

Lot Size 7,802 Sqft

Property Sub-Type Duplex

Property Description

724 W 2nd St, Pomona, a strategically located Duplex with significant Value-Add Opportunity. Offered at attractive Â±6.20% CAP Rate (as student housing - buyer to verify), this offering provides a good Â±6.38% Cash-on-cash return with a low down payment on a 30-year fixed mortgage â€“ buyer to verify. The property is strategically located on 2nd St which is a walking distance from Downtown Pomona and less than 10 minutes to CAL POLY POMONA. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1902 and consists of 2 units. The ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). It is being operated as a student housing but could easily be operated as a regular apartment unit or owner-user unit. The 2nd floor unit is a large 3bedroom+1bathroom unit (#B). The property has Â±2,978SF living space and situated on a large 7,802 SF C3 zone lot. Originally it was a 3-unit property where 2 units were combined to make the large 4-bedroom unit (buyer to verify). There are 3 separate electric meters, and electrical panels h

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplace No

Laundry Common Area

Exterior

View None

Building

Lot Description Level, Other

Water Public

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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724 W 2nd Street Pomona, CA 91766

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

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