614 N Caswell Ave - Apartments FOR SALE


Pomona, CA 91767
$3,300,000 USD
213-943-1897
614 N Caswell Ave, Pomona, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/12
null | 5.15% Cap Rate

614 N Caswell Ave
Pomona, CA 91767


HIGHLIGHTS

  • 18 parking spaces and laundry on site.
  • The state-mandated SB 721 balcony inspection has been completed and cleared, saving a new investor time and capital.
  • The large lot and existing garage space offer potential to add accessory dwelling units (buyer to verify).
  • Walk Score of 82 with three bus lines within a tenth of a mile; Downtown Pomona, the Fox Theater and the Arts Colony sit under a mile away.
  • Employment anchored by education and healthcare: Western University, Pomona Valley Hospital, the Fairplex and Cal Poly are all within five miles.
  • Metrolink's Pomona–Downtown station sits under a mile southwest; the Metro A Line's Pomona–North terminus, two miles north, links to Downtown LA.

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 614 North Caswell Avenue, a 19-unit apartment community comprising 17 units plus two non-conforming units, located just north of Downtown Pomona, at the corner of Caswell Avenue and Pasadena Street. Built in 1942, the property comprises 9,934 square feet of improvements in a single two-story building on an 18,122-square-foot parcel, with a unit mix consisting entirely of single units, 18 parking spaces and laundry on site. The state-mandated SB 721 balcony inspection has been completed and cleared. The large lot and existing garage space offer potential to add accessory dwelling units, allowing for future growth and appreciation potential (buyer to verify). With a Walk Score of 82, most daily errands can be accomplished on foot, and three bus lines run within a tenth of a mile of the property. Downtown Pomona lies less than a mile southwest, home to the Second Street corridor, the Fox Theater, the Pomona Arts Colony and Western University of Health Sciences. The submarket’s employment base is anchored by education and healthcare, with Pomona Valley Hospital Medical Center just over a mile northwest, the Fairplex about two miles northwest and Cal Poly Pomona about five miles west. The property is served by two separate rail systems, with Metrolink’s Pomona–Downtown station on the Riverside Line less than a mile southwest and the Metro A Line’s Pomona–North terminus just over two miles north, which opened in September 2025 and connects the submarket directly to Pasadena and Downtown Los Angeles. Pomona also draws renters priced out of the established communities that surround it, among them Claremont, San Dimas, Diamond Bar and Chino Hills, and the 10, 57, 60 and 71 freeways all converge within a few miles of the property. 614 North Caswell Avenue offers investors an opportunity to acquire a stabilized asset in one of the most compelling value submarkets in the eastern San Gabriel Valley, a region whose established cities have drawn sustained foreign capital for decades. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

19

PRICE/UNIT

$173,684

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,122 SF

ZONING

POR3*

APN/PARCEL ID

8337-009-031

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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