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1324 W 2nd Street, Pomona, CA

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1324 W 2nd Street

Pomona, CA 91766-1311 - Pomona MF Submarket


Property Type:Multi-Family Number of Units:- Status:Existing Year Built:1928
Stories:1 Building Size:2,592 SF Land Area:.15 AC (6,416 SF)
For Sale Price:$625,000 Price/Unit:$625,000.00 Cap Rate:5.89 % GRM:-

Parking:-



Sale Notes:
We are pleased to offer for sale this 6 unit investment property located in the highly sought after rental community of the city of Pomona. The subject property is comprised of all single story units with a unit mix of 3(1Bed/1Bath) units and 3(Studio) units. All tenants pay for their own electricity and gas usage while the owner pays for water and trash. Most units have been upgraded with copper plumbing as well as updated electrical with circuit breakers. The rental rates in place are well below market as the current tenants have lived onsite for a number of years. A new investor can take advantage of re-positioning the rental rates which would yield a potential 8+% cash return. Tenants enjoy onsite parking and gated privacy.

RE/MAX Commercial
Kristopher German
(909) 948-2988




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