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1121 E Pasadena Street

Pomona, CA 91767
  • $2,280,000
  • STATUS: CONTINGENT
  • ON SITE: 155 Days
  • ID#: OC21098286
Under Contract
$2,280,000
  • 8
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied. For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/117463488
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1121 E Pasadena Street Pomona, CA 91767

  • Price: $2,280,000
  • Status: CONTINGENT
  • ID#: OC21098286
8
Beds
0
Baths
0
½ Baths
0.38
Acres
Neighborhood:
Pomona (91767)
County:
Los Angeles
Area:
Pomona (91767)
Property Description
For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied. For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied.
Exterior Features

Exterior StuccoWood Pool N/K Site Sidewalks Spa N/K Topography Level

Interior Features

Cooling N/K Heat Equipment Other/Remarks Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Cooling 9 Units With Range Oven 8 Units With Refrigerators 0

Property Features

Actual Cap Rate 3.34 Annual Expense Actual 48493 Buildings 3 Gross Rent Multiplier Actual 18.21 Gross Scheduled Income Actual 125220 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1200.0 Unit2 Rent Actual 1250.0 Unit3 Rent Actual 1180.0 Unit4 Rent Actual 1200.0 Zoning Assessor

Listing provided courtesy of Presidential Incorporated. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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