676 S Dudley St - Apartments FOR SALE


Pomona, CA 91766
$5,850,750 USD
949-441-2010
676 S Dudley St, Pomona, CA for Sale
$5,850,750 USD
Apartments - FOR SALE
1/48
null | 2.91% Cap Rate

676 S Dudley St
Pomona, CA 91766


HIGHLIGHTS

  • Diverse unit mix provides multiple income streams and tenant appeal.
  • Located in an established Pomona residential neighborhood near local amenities.
  • Single-story apartment buildings offer efficient management and maintenance.

OVERVIEW

The property is currently improved with a four-unit multifamily building, providing the potential for interim cash flow while investors evaluate redevelopment, expansion, or repositioning strategies. Located within a densely populated residential neighborhood of Pomona, the property offers investors the opportunity to redevelop or reposition an infill asset in a market where the potential to develop land is increasingly limited. The surrounding area is characterized by established multifamily housing and strong workforce housing demand. The site contains approximately 1.49+/- acres of land, creating flexibility for potential future site enhancements, density optimization, or redevelopment, subject to buyer verification of zoning and city requirements. This property is situated among numerous existing multifamily properties, supporting continued residential use and long-term housing demand in the neighborhood. Nearby apartment and fourplex developments contribute to the area's proven rental market fundamentals. The property benefits from convenient access to regional employment hubs throughout Pomona, Ontario, and the Inland Empire, providing residents with short commuting options and access to one of Southern California's most active employment corridors. The location provides excellent regional accessibility through nearby Interstate 10, State Route 60, and State Route 71, allowing residents quick access to Los Angeles County, Orange County, Riverside County, and San Bernardino County. Investors have the opportunity to evaluate a range of strategies, including: 1. Property renovation and repositioning 2. Unit modernization programs 3. Density optimization (subject to city approval) 4. Redevelopment into a newer multifamily product Southern California continues to experience a shortage of attainable housing, supporting long-term demand for rental units. The property's location within an established residential community positions it well for future housing-oriented investment strategies. Pomona continues to benefit from ongoing investment in education, transportation infrastructure, healthcare, and employment centers. The city's strategic location between Los Angeles and the Inland Empire makes it attractive for residents seeking affordability and accessibility. 7 Buildings - 26 units 1. 676-682 S. Dudley Street (4 units - 3 - 1 bed /1 bath & 1 - 2 bed / 1 bath) 2. 1487-1493 Vejar Street (4 units - 3 - 1 bed /1 bath & 1 - 2 bed / 1 bath) 3. 1495-1497 Vejar Street (2 units - 1 bed /1 bath) 4. 1479-1485 Vejar Street (4 units - 3 - 1 bed /1 bath & 1 - 2 bed / 1 bath) 5. 1471-1477 Vejar Street (4 units - 3 - 1 bed /1 bath & 1 - 2 bed / 1 bath) 6. 1492-1498 Vejar Street (4 units - all 1 bed /1 bath) 7. 1484-1490 Vejar Street (4 units - all 2 bed /1 bath)

FOR SALE DETAILS

PRICE

$5,850,750 USD

PRICE/SF

$318 USD /SF

# OF UNITS

26

PRICE/UNIT

$225,029

CAP RATE

2.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

POR4*

APN/PARCEL ID

8349-009-024,8349-009-025,8349-009-026,8349-009-027,8349-009-030,8349-009-031

ASK ABOUT THIS PROPERTY

Jon "JC" CostaColdwell Banker CommercialMore Info
949-441-2010

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Jon "JC" CostaColdwell Banker CommercialMore Info
949-441-2010

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