Don't miss this outstanding opportunity to acquire a well-positioned remodeled 7-unit multifamily property located at 515 E. Pasadena St., Pomona, CA. Featuring a total of 10 bedrooms and 7 bathrooms, this income-producing asset offers investors the potential for stable cash flow, strong pro forma rent potential, and long-term appreciation in one of the Inland Empire's growing rental markets. EVERY UNIT IS MONTH TO MONTH ON THEIR LEASE!
The property consists of seven residential units with a desirable unit mix designed to attract a broad tenant base. Situated on a centrally located lot, the property provides convenient access to major freeways, public transportation, and plenty of restaurants and businesses off Holt Ave, making it an attractive option for renters.
Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this multifamily property presents a compelling opportunity with strong rental demand in the Pomona market. Investors will appreciate the potential for continued income growth while benefiting from the area's ongoing development and convenient Southern California location. Do not disturb tenants! Drive by only. Offer subject to interior inspection. Buyer to verify pro forma figures as they're only an estimate.
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Zillow last checked:
Listing updated:
Listed by:
LOU WUDRE #02154371949-870-2882,
LOU EDWARDS FINANCIAL INC.
Source: CRMLS,MLS#: WS26153245Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 7
Appliances
Laundry: None
Features
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 4,467
Total interior livable area: 4,467 sqft
Property
Parking
Total spaces: 4
Parking features: Garage
Garage spaces: 2
Uncovered spaces: 2
Features
Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Lot
Size: 9,028 Square Feet
Features: Near Park
Details
Parcel number: 8337010015
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Updated/Remodeled
New construction: No
Year built: 1927
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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