724 W 2nd Street, Pomona, CA 91766
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
724 W 2nd Street,Pomona, CA 91766
$860,000
- 7 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:han chen
Office:growth investment group pasade
MLS#:AR25133133
Source:SANDICOR
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 easily be operated as a regular apartment unit or owner-user unit. The 2nd floor unit is a large 3bedroom+1bathroom unit (#B). The property has 2,978SF living space and situated on a large 7,802 SF C3 zone lot. Originally it was a 3-unit property where 2 units were combined to make the large 4-bedroom unit (buyer to verify). There are 3 separate electric meters, and electrical panels have been upgraded. It has a master meter for water and gas. The property has a large side and back yard and has alley access to the parking area in the back. There are 2 to 4 parking spaces in the back that are not being use
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Home facts
- Listing Id #:AR25133133
- Added:63 day(s) ago
- Updated:August 16, 2025 at 01:56 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:2
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$860,000
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