515 E Pasadena StreetPomona, CA 91767

Description

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1927

Stories

2

Building area

4,467 Sq Ft

Lot size

0.21 acres

Garage spaces

2

Parking spaces

4

Days on market

79

MLS^® Listing#

WS26153245

Property Features

Pool

None

Laundry

None

Community

Suburban · Park

Utilities

Electricity Connected · Natural Gas Connected · Phone Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$16,879

Parcel number

8337010015

Directions

TOWNE AVE AND PASADENA ST