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Additional details
$ 880,000
Est. payment /mo
New
988 S Garey Pomona, CA 91766
8 Beds
6 Baths
3,121 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,121 sqft
Price per Sqft $281
MLS Listing ID TR26125762
Bedrooms 8
Full Baths 6
Year Built 1902
Lot Size 6,763 Sqft
Property Sub-Type All Other Attached
Property Description
Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history: 988 N Garey Ave: Spacious 3 Bed / 2 Bath 990 N Garey Ave: Desirable 2 Bed / 2 Bath 155 E Alvarado St: Comfortable 2 Bed / 1 Bath 153 E Alvarado St: Cozy 1 Bed / 1 Bath Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses. An Investors Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gatea rare find in today's Southern California market! Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools. Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-mainten
Location
State CA
County Los Angeles
Direction Garey and mission blvd
Interior
Interior Features 2 Staircases
Cooling Electric, Energy Star
Fireplace No
Exterior
Garage Spaces 8.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 8
Building
Story 4
Sewer Public Sewer
Water Public
Level or Stories 4
Others
Senior Community No
Tax ID 8333017014
Acceptable Financing Exchange
Listing Terms Exchange
Special Listing Condition Standard
Listed by YingYing Zhang, DRE#02023473 Coldwell Banker Envision
NEARBY SCHOOL & BUSINESS
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