1324 W 2nd Street

    Pomona, CA 91766
    • $650,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: CV18119579
    UPDATED: 28 min ago
    $650,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,592
      SQFT
    • $251
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present this 6 Unit Value-Add Opportunity in the rapidly growing city of Pomona. The subject property is comprised of two single-story structures with a courtyard walkway in between. The unit mix is comprised of (3) 1 Bed/1 Bath Units & 3 Studios. All units are separately metered for electricity and gas, and the owner pays for water and trash. While the subject property is in need of cosmetic repair, with current rents in place a new investor can anticipate a cash-return of 4.42%. Once stabilized and upgraded, a new investor can take advantage by raising rents and increasing that yield to an unheard of 10% cash-on-cash return!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-17T17:26:00.667. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83818296

    1324 W 2nd Street Pomona, CA 91766

    • Price: $650,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: CV18119579
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,592
    SQFT
    $251
    $/SQFT
    1928
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    We are pleased to present this 6 Unit Value-Add Opportunity in the rapidly growing city of Pomona. The subject property is comprised of two single-story structures with a courtyard walkway in between. The unit mix is comprised of (3) 1 Bed/1 Bath Units & 3 Studios. All units are separately metered for electricity and gas, and the owner pays for water and trash. While the subject property is in need of cosmetic repair, with current rents in place a new investor can anticipate a cash-return of 4.42%. Once stabilized and upgraded, a new investor can take advantage by raising rents and increasing that yield to an unheard of 10% cash-on-cash return!
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 52740.00 Gross Operating Income 51158.00 Gross Scheduled Income 52740.00 Insurance Expense 1037.00 Land Lease YN No Laundry YN No Maintenance Expense 3581.00 Net Operating Income 36010.00 New Taxes Expense 7530.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 15148.00 Other Expense 900.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 15148.00 Trash Expense 1200.00 Vacancy Allowance 1582 Water Sewer Expense 900.00 Water Source Public Year Built Source Assessor Zoning Pom1*

    Listing provided courtesy of Kristopher German of Re/Max 2000.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-17T17:26:00.667. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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