931 S Towne Ave - Apartments FOR SALE
Pomona, CA 91766 |
$1,199,000 USD
949-939-7723
931 S Towne Ave
Pomona, CA 91766
HIGHLIGHTS
- - Property is found in the strategically located and rapidly growing Inland Empire Rental Market of Pomona, CA
- - 80% Single-Story Construction
- - Four (4) Total Garage Spaces and On-Site Laundry Available for Tenant Use
- - Proximity to Downtown Pomona (1.0 Miles)
- - ADU Potential (Call Listing Agent for Specific Details)
- - Centrally located near major transportations routes such as the 57, 60 and 10 Freeways
OVERVIEW
We are pleased to present this value-add apartment community in the City of Pomona, CA.
Priced at a 5.34% Cap Rate with upside in rents, this offering presents significant ADU potential as well (call for more details). The property boasts an excellent unit mix as well, consisting of four (4) 1BD/1BA units, a large 2BD/1BA unit, and two (2) non-conforming studio spaces.
FOR SALE DETAILS
PRICE
$1,199,000 USD
PRICE/SF
$422 USD /SF
# OF UNITS
5
PRICE/UNIT
$239,800
CAP RATE
5.34%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Downtowne Pomona Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1947
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,090 SF
ZONING
POR31000
APN/PARCEL ID
8333-009-014
ASK ABOUT THIS PROPERTY
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949-939-7723
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949-939-7723
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