1167 E Franklin Avenue,  Pomona CA, 91766 (Residential Income)

4,064 sqft
Status: Sold
MLS#: AR15106102
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Last Updated: 12/3/2016 12:23 AM
Description for 1167 E Franklin Avenue Pomona, CA 91766
1167 East Franklin Ave., an investment opportunity centrally located on the south side of the City of Pomona, CA. It presents an excellent opportunity for an investor to acquire a property that has great upside rental potential and a good unit mix in the increasingly popular East San Gabriel Valley. The property consists of 3 separate structures: six one bedroom one bathroom and one two bedroom one bathroom unit apartment building for a total of 7 units with large lot size total lot size is 17,352. All of the structures on the property were built in 1928. Most of the units are currently rented below market value, so there is ample room for an investor to increase rental income on these units. The large lot has ample space between the units, lush green space for the tenants to enjoy, and individual garages. Excellent rental upside potential, No rent control cottage style buildings with garages, Walking distance to public transportation and Metrolink Station, Excellent access to the 10 FWY, 60 FWY, and 71 FWY
Price
Sold Price:
$890,000
Sold Date:09/23/2015
Los Angeles
4,064 (approx)
AR15106102
Closed
Description
1167 East Franklin Ave., an investment opportunity centrally located on the south side of the City of Pomona, CA. It presents an excellent opportunity for an investor to acquire a property that has great upside rental potential and a good unit mix in the increasingly popular East San Gabriel Valley. The property consists of 3 separate structures: six one bedroom one bathroom and one two bedroom one bathroom unit apartment building for a total of 7 units with large lot size total lot size is 17,352. All of the structures on the property were built in 1928. Most of the units are currently rented below market value, so there is ample room for an investor to increase rental income on these units. The large lot has ample space between the units, lush green space for the tenants to enjoy, and individual garages. Excellent rental upside potential, No rent control cottage style buildings with garages, Walking distance to public transportation and Metrolink Station, Excellent access to the 10 FWY, 60 FWY, and 71 FWY
Listing Information
Property Type: Cluster, Bungalow
0.4 Acres 17,352 sq.ft. 4,064 (approx)
$219 1928
Yes- 7 spaces
Public Water Service
Sewer at Street
7 Total
Neighborhood
Room Information
Hookups in Laundry Room
Interior Features
Wall Unit
Exterior / Lot Features
7 Garage Spaces, 7 Parking Spaces
Asphalt
None
No Pool
Wrought Iron
Suburban
Financial Considerations
8328010013
$73,860 Income ,$22,831Expense
Listing Price History

Pomona Real Estate

Pomona is located in California. Pomona, California 91766 has a population of 149,431.

The median household income in Pomona, California 91766 is $48,864. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Pomona 91766 is 29.3 years.

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Courtesy: Keller Williams Realty Jagmeet Singh
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