285 W Center St - Apartments FOR SALE


Pomona, CA 91768
$1,799,000 USD
949-584-0503
285 W Center St, Pomona, CA for Sale
$1,799,000 USD
Apartments - FOR SALE
1/15
null | 5.29% Cap Rate

285 W Center St
Pomona, CA 91768


HIGHLIGHTS

  • All One-Bedroom Units Averaging ±830 SF
  • (6) Renovated Interiors with Updated Water Lines & Electrical
  • Strong Rental Demand in Central Pomona
  • On-Site Parking Lot with (9) Open Parking Spaces
  • Low-Vacancy Asset with Operational Upside
  • Attractive Value-Add Opportunity in a Growing Submarket

OVERVIEW

Morgan Skenderian, Inc. is pleased to present 285 W. Center Street, a 9-unit apartment community located in the heart of Pomona. The property consists entirely of spacious one-bedroom units averaging approximately ±830 square feet each. Six of the interiors have been thoughtfully renovated, including upgraded water lines, electrical improvements, and modern finishes, providing immediate appeal to prospective tenants. Residents benefit from on-site open parking with nine dedicated spaces located at the rear of the building. With a combination of large floorplans, upgraded units, and strong local rental demand, the property offers investors a stable asset with clear value-add potential.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,889

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

POCIND*

APN/PARCEL ID

8336-023-011

ASK ABOUT THIS PROPERTY

Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

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

Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

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