550 Laurel Ave - Apartments FOR SALE


Pomona, CA 91768
$945,000 USD
626-695-6776
550 Laurel Ave, Pomona, CA for Sale
$945,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

550 Laurel Ave
Pomona, CA 91768


HIGHLIGHTS

  • All Two-Bedroom & One-Bathroom Floor Plans
  • 49% Rental Upside
  • Majority of Units Recently Renovated
  • Private Single-Car Garage for Each Unit
  • Individually Metered for Gas & Electricity | Individual Hot Water Heaters
  • Strong Pomona Location with Excellent Regional Connectivity

OVERVIEW

***Call or Email for Offering Memorandum*** Marcus & Millichap is pleased to exclusively present the opportunity to acquire 550-556 Laurel Avenue, a well-maintained four-unit multifamily property located in the City of Pomona, a centrally located rental market within the San Gabriel Valley. The property consists of four spacious two-bedroom, one-bathroom units situated on a single parcel. The property has benefited from significant capital improvements, including the installation of new electrical panels for each unit in 2025. Ownership has also completed extensive interior renovations throughout the majority of the units, featuring upgraded kitchens and bathrooms, updated cabinetry, modern backsplash finishes, vinyl plank flooring, newer carpeting, and other improvements designed to enhance resident appeal. Additionally, the property has been under the same ownership for more than 25 years, reflecting long-term care and stewardship. The owner is also selling 547 William Street, Pomona which is contiguous to this property. Each unit is individually metered for gas and electricity and is serviced by its own hot water heater. There are single-car garages for each unit. Additional property improvements include partial plumbing upgrades through repiping of select units. Residents also benefit from an on-site laundry facility (owned), including a newly installed dryer in 2026. Located within an established residential neighborhood, convenient access to major transportation corridors including Interstate 10, State Route 60, State Route 57, and State Route 71, connecting residents to employment centers throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. With a desirable all two-bedroom floor plan, 49% rental upside, extensive interior renovations, individually metered utilities, and strong rental market fundamentals, 550-556 Laurel Avenue presents investors with an opportunity to acquire a well-positioned multifamily asset offering both stable in-place income and long-term appreciation potential within a supply-constrained Southern California market.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

4

PRICE/UNIT

$236,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

550 Laurel Ave, Pomona

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,735 SF

ZONING

R-1-7,200

APN/PARCEL ID

8340-023-020

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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