Description
Six unit bread and butter building located in the up and coming city of Pomona in Los Angeles County. The building consists of six 2 bed and 1 baht units. All units are approximately 750 sqft. This single story building is located on a large 17,375 square foot R-4 zoned (*Buyer to investigate) lot which provides the Buyer with an opportunity to develop additional units or redevelop the property in the future. Current rents are approximately $1,404 and the market rents for similar units are around $1,800 which provides a perspective Buyer the opportunity to raise rents to achieve great cash flow and achieve an attractive cap rate. This part of the City of Pomona is currently not under County of Los Angeles rent control (* Buyer to investigate) which allows the perspective Buyer to increase cash flow much faster than similar properties in rent controlled areas. All units are separately metered for gas and electric and the water is billed back to the tenants bi-monthly. All tenants are long term and pay on time. Drive by only! Interior inspection is subject to an accepted offer.
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0BEDS
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0.4ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Six unit bread and butter building located in the up and coming city of Pomona in Los Angeles County. The building consists of six 2 bed and 1 baht units. All units are approximately 750 sqft. This single story building is located on a large 17,375 square foot R-4 zoned (*Buyer to investigate) lot which provides the Buyer with an opportunity to develop additional units or redevelop the property in the future. Current rents are approximately $1,404 and the market rents for similar units are around $1,800 which provides a perspective Buyer the opportunity to raise rents to achieve great cash flow and achieve an attractive cap rate. This part of the City of Pomona is currently not under County of Los Angeles rent control (* Buyer to investigate) which allows the perspective Buyer to increase cash flow much faster than similar properties in rent controlled areas. All units are separately metered for gas and electric and the water is billed back to the tenants bi-monthly. All tenants are long term and pay on time. Drive by only! Interior inspection is subject to an accepted offer.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T11:27:45.443. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.