1760 Cordova St - Apartments FOR SALE


Pomona, CA 91767
$1,410,000 USD
714-814-2088
1760 Cordova St, Pomona, CA for Sale
$1,410,000 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

1760 Cordova St
Pomona, CA 91767


HIGHLIGHTS

  • ProForma CAP Rate of 5.63% With a ProForma GRM of 10.72. Current CAP Rate of 5.00%. ProForma CAP Rate is Based on Leveling Off Current Rents.
  • The location is in a desirable area that may lead to potential appreciation in property value overtime, providing long-term investment benefits
  • Diverse Unit Mix – featuring four spacious 1-bedroom, 1-bath units(approx. 700 sq. ft. each) & two 2-bedroom,1-bah units (approx. 800 sq. each)
  • Tenant-Paid Utilities – Individually metered gas and electric utilities
  • Renovated Units, On-site Covered Parking, & On-site Laundry Facility

OVERVIEW

The Casa Cordova Apartments are located on the major cross streets of Indian Hill Blvd. and San Bernardino Ave. The property is situated on a 0.19 acre lot and is composed of (4) one bedroom one bath units and (2) two bedroom on e bathroom units. The Tenants are awarded with an onsite laundry facility, gated entry, and covered parking. The owner has recently completed extensive updates to the property, including but not limited to renovating the interior of the units, upgrading the carport, and painting the exterior of the building. The property is located minutes away from Montvue Elementary, Pomona High School, and has easy access to the 10 Freeway. The centralized location offers many advantages such as convenient public transportation, shopping, and employment. In this neighborhood of Pomona, 42.5% of the working population is employed in service, production, and transportation type occupations.

FOR SALE DETAILS

PRICE

$1,410,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

6

PRICE/UNIT

$235,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Cordova Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,154 SF

ZONING

R4, Pomona

APN/PARCEL ID

8318-022-007

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

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