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Listed by YingYing Zhang • Coldwell Banker Envision
$ 880,000
Est. payment | /mo
8 Beds
6 Baths
3,121 SqFt
$ 880,000
Est. payment | /mo
8 Beds
6 Baths
3,121 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,121 sqft
Price per Sqft $281
MLS Listing ID TR-26125762
Bedrooms 8
Full Baths 6
Year Built 1902
Lot Size 6,763 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history:
988 N Garey Ave: Spacious 3 Bed / 2 Bath
990 N Garey Ave: Desirable 2 Bed / 2 Bath
155 E Alvarado St: Comfortable 2 Bed / 1 Bath
153 E Alvarado St: Cozy 1 Bed / 1 Bath
Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses.
An Investor's Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market!
Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools.
Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today!
988 N Garey Ave: Spacious 3 Bed / 2 Bath
990 N Garey Ave: Desirable 2 Bed / 2 Bath
155 E Alvarado St: Comfortable 2 Bed / 1 Bath
153 E Alvarado St: Cozy 1 Bed / 1 Bath
Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses.
An Investor's Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market!
Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools.
Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today!
Location
State CA
County Los Angeles
Area 687 - Pomona
Interior
Interior Features 2 Staircases
Cooling Electric, ENERGY STAR Qualified Equipment
Fireplaces Type None
Laundry In Kitchen
Exterior
Garage Spaces 8.0
Pool None
Community Features Biking, Hiking, Sidewalks
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer