Welcome to 131 Newman St in Pomona, CA, where this unique real estate opportunity awaits! This property features two detached units on the same lot, offering a total monthly rental income of $5,000. This is an excellent investment opportunity for those seeking cash flow, as well as a potential homeowner looking to offset their mortgage with rental income.Additionally, the property includes a detached garage that can be converted into an ADU, adding even more value and potential income.
The interior was updated in 2023, the smaller unit presents an excellent opportunity for new owners to add their personal touch with a bit of TLC. The property was recently appraised at $800,000 by the lender but priced at discount for a quick close, positioning it as a fantastic opportunity for growth and long-term potential.
Don't miss out on the chance to own this income-generating property with the potential for increased value. Reach out today to arrange a showing and explore the possibilities at 131 Newman St!
Sold for $850,000
Street View
$850,000
131 Newman St, Pomona, CA 91768
5beds
1,636sqft
MultiFamily
Built in 1925
-- sqft lot
$818,600 Zestimate®
$520/sqft
$2,448 Estimated rent
Home value
$818,600
$769,000 - $868,000
$2,448/mo
Zestimate® history
Owner options
List your home for rent
$2,448/mo
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$2,448/mo
Rent Zestimate®
Refinance and save
$5,539/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,539/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total interior livable area: 1,636 sqft
Property
Lot
- Size: 7,316 Square Feet
Details
- Parcel number: 8348011031
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1925
Community & HOA
Location
- Region: Pomona
Financial & listing details
- Price per square foot: $520/sqft
- Tax assessed value: $625,000
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $850,000+41.7%$520/sqft |
Source: Public Record Report a problem | ||
| 8/21/2024 | Sold | $600,000-7.6%$367/sqft |
Source: Public Record Report a problem | ||
| 8/6/2024 | Pending sale | $649,000$397/sqft |
Source: Owner Report a problem | ||
| 6/26/2024 | Listed for sale | $649,000$397/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $625,000 +4.2% |
| 2025 | $8,754 +5.9% | $600,000 -8.1% |
| 2024 | $8,270 +9% | $652,800 +9.4% |
| 2023 | $7,590 +1.7% | $596,700 +140.4% |
| 2022 | $7,466 +121.2% | $248,230 +2% |
| 2021 | $3,375 +0.3% | $243,364 +1% |
| 2020 | $3,364 | $240,869 +2% |
| 2019 | $3,364 +6.7% | $236,147 +2% |
| 2018 | $3,152 | $231,518 +2% |
| 2017 | $3,152 +1.7% | $226,980 +2% |
| 2016 | $3,099 +4.8% | $222,530 +1.5% |
| 2015 | $2,958 +1.2% | $219,188 +2% |
| 2014 | $2,923 | $214,896 +4.5% |
| 2011 | -- | $205,621 +0.8% |
| 2010 | -- | $204,085 -0.2% |
| 2009 | -- | $204,570 +4% |
| 2007 | -- | $196,627 +2% |
| 2006 | -- | $192,772 |
| 2005 | -- | $192,772 +6% |
| 2003 | -- | $181,894 +2% |
| 2002 | -- | $178,328 +4% |
| 2000 | -- | $171,405 |
Find assessor info on the county website
Neighborhood: Spadra
Nearby homes
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- $415,1002 bd1 ba1.1k sqft197 Newman St #B, Pomona, CA 91768Off Market
Nearby schools
GreatSchools rating
- 3/10Roosevelt Elementary SchoolGrades: K-6Distance: 0.4 mi
- 7/10Marshall Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Ganesha High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$818,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$818,600
- California
- Los Angeles County
- Pomona
- 91768
- Spadra
- 131 Newman St