724 2nd Street, Pomona, CA 91766

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
724 2nd Street,Pomona, CA 91766
$860,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:han chen6265944900
Office:growth investment group pasade
MLS#:AR25133133
Source:CAREIL

Price summary

  • Price:$860,000

About this home

A strategically located Duplex with significant Value-Add Opportunity and 100% VACANT! Offered at attractive over ±7% CAP Rate (proforma – 100% vacant - buyer to verify), this offering provides a good ±10% Cash-on-cash return with a low down payment on a 30-year fixed mortgage (proforma – 100% vacant) – buyer to verify. It is 100% and may be delivered vacant (depending on COE Date). The property is strategically located on 2nd St which is a walking distance from Downtown Pomona and less than 10 minutes to CAL POLY POMONA. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1902 and consists of 2 units. The ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). It is being operated as a student housing but could

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Home facts

  • Year built:1902
  • Listing ID #:AR25133133
  • Added:98 day(s) ago
  • Updated:August 29, 2025 at 04:29 PM

Heating and cooling

  • Cooling:Window/Wall Unit
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1902
  • Lot area:0.18 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$860,000
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