1324 W 2nd Street,  Pomona CA, 91766 (Residential Income)

2,592 sqft
Status: Active
MLS#: CV16187045
Skip Slideshow
Last Updated: 12/8/2016 10:03 PM
Description for 1324 W 2nd Street Pomona, CA 91766
We are pleased to offer for sale this 6 unit investment property located in the highly sought after rental community of the city of Pomona. The subject property is comprised all single story units with a unit mix of 3(1Bed/1Bath) units and 3(Studio) units. All tenants pay for their own electricity and gas usage while the owner pays for water and trash. Most units have been upgraded with copper plumbing as well as updated electrical with circuit breakers. The rental rates in place are well below market as the current tenants have lived onsite for a number of years. A new investor can take advantage of repositioning the rental rates which would yield a potential 8+% cash return. Tenants enjoy onsite parking and gated privacy.
Price
$599,000
Los Angeles
2,592 (approx)
CV16187045
Active
Description
We are pleased to offer for sale this 6 unit investment property located in the highly sought after rental community of the city of Pomona. The subject property is comprised all single story units with a unit mix of 3(1Bed/1Bath) units and 3(Studio) units. All tenants pay for their own electricity and gas usage while the owner pays for water and trash. Most units have been upgraded with copper plumbing as well as updated electrical with circuit breakers. The rental rates in place are well below market as the current tenants have lived onsite for a number of years. A new investor can take advantage of repositioning the rental rates which would yield a potential 8+% cash return. Tenants enjoy onsite parking and gated privacy.
Listing Information
Property Type: Cluster, Other
0.14 Acres 641,800 sq.ft. 2,592 (approx)
$231.1 1928
6 Total
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Exterior / Lot Features
None
No Pool
POM1*
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Cross Streets: W Mission Blvd & Buena Vista
Financial Considerations
8348018031
$52,740 Income ,$14,557Expense
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.

Loading nearby sales and history ...
Courtesy: RE/MAX 2000 KRISTOPHER GERMAN
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby