1072 W Wilson St - Apartments FOR SALE


Pomona, CA 91768
$2,300,000 USD
909-418-2071
1072 W Wilson St, Pomona, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/51
null | 5.13% Cap Rate

1072 W Wilson St
Pomona, CA 91768


HIGHLIGHTS

  • Well-Maintained 10-Unit, Garden-Style Community in a Centrally Located Pomona Rental Market
  • Preferred Unit Mix of Four 1-Bedroom/1-Bathroom & Six 2-Bedroom/1-Bathroom Units, Averaging 810 SF Across ±8,104 SF of Rentable Area
  • Current CAP Rate of 5.13% with Nearly 18% Rental Upside to Achieve a Pro Forma CAP Rate of 6.56%
  • Property Features Mature Landscaping, 10 Enclosed Garages for Parking or Storage, On-Site Laundry Facility, Gated Access, and Spacious Courtyard
  • Several Units Have Been Completely Renovated with New Flooring, Kitchens, and Bathrooms
  • Strong Value-Add Potential with a Proven Renovation Plan in Progress – New Exterior Paint and Capital Improvements Completed Within the Past Few Years

OVERVIEW

This well-located asset sits in the heart of Pomona, minutes from the retail corridor along Foothill Boulevard and Garey Avenue, providing tenants with convenient access to destinations like Target, Costco, CVS, and Starbucks. Its central positioning also places residents within a short distance of the Downtown Pomona Metrolink Station, connecting directly to Los Angeles Union Station, as well as the city's growing Arts District, the historic restored Fox Theater, and the Pomona Fairplex, home to the Los Angeles County Fair. Cal Poly Pomona and Western University of Health Sciences anchor the area's strong educational profile, drawing a steady stream of faculty, staff, and graduate renters to the submarket. 1072 W Wilson Street is a 10-unit multifamily property spanning a ±17,442 SF parcel with ±8,104 SF of gross rentable area, featuring a preferred unit mix of four 1-bedroom/1-bathroom and six 2-bedroom/1-bathroom units, averaging 810 SF each. The property currently operates at a 5.13% cap rate, with nearly 18% rental upside available to investors who continue executing the seller's proven renovation program, bringing the pro forma cap rate to 6.56%. Built in 1955 and comprising three buildings across two stories, the asset sits on a generously sized lot with ample outdoor space and strong curb appeal. Further enhancing the investment profile, the property features mature landscaping, a spacious courtyard, secured gated access, an on-site laundry facility, and 10 enclosed garages available for parking or storage — a highly desirable amenity in this submarket. Several units have already been completely renovated with new flooring, kitchens, and bathrooms, and all homes are equipped with oven ranges, tub/shower combinations, and wall AC and heating. New exterior painting and meaningful capital improvements have been completed within the past few years, demonstrating an active and well-maintained asset. 1072 W Wilson Street represents the ideal opportunity for an investor to step into the driver's seat and immediately continue rolling out a successfully proven value-add program in one of LA County's most consistent rental markets. Pomona's position at the crossroads of Los Angeles County and the Inland Empire attracts a diverse renter pool — from young professionals and university-affiliated tenants to working families — providing long-term demand stability. This property offers a compelling entry point for a first-time purchaser, a seasoned investor looking to grow their portfolio, or a 1031 exchange buyer seeking a fundamentally strong San Gabriel Valley asset.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$284 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,177 SF

ZONING

R3, Pomona

APN/PARCEL ID

8357-006-035

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.