Address
252 San Francisco Avenue, Pomona, CA
Price
$ 1,125,000
Property Attributes
- MLS#CV23214289
- TypePending
- CountyLOS ANGELES
- CityPomona
- AreaPomona
- Zip91767
- StyleApartment
- Price$ 1,125,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3377
- Lot Size7,863 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
PRIVATE SELLER FINANCING WITH 25% DOWN!!! We are pleased to exclusively for sale this 6 Unit multi-family residential property in the city of Pomona. Comprising six units with a mix of: two 2Bedroom/1Bathroom cottages, and four 1bedroom/1Bathroom units, this property is ideal for investors seeking a value-add project. Each unit is separately metered for gas and electricity, enhancing ease of management. The 5 on-site garage parking spaces offer additional potential for income through ADU conversions (buyer to confirm with the proper city authorities.) The financials are compelling with a current GRM of 13.19 and a cap rate of 5.19% with an additional 50% upside in Rental Income, indicating a solid investment with room for increased cash-flow and appreciation. The seller's financing terms are attractive: 25% down payment, interest-only payments at 7% rate, with the loan due and PAYABLE in 5 years. This is an excellent opportunity for investors looking to expand their portfolio with a property that offers significant upside potential in a desirable location.
| Price History | |
|---|---|
| 11/21/2023 | Listed $1,125,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Building Area Units | SquareFeet |
| Carport Y/N | No |
| City | Pomona |
| Community Features | Curbs, Gutters, Sidewalks |
| County | Los Angeles |
| Days on Market | 7 |
| Directions | South of I-10, East of CA-71; Near the Intersection of Bradford St & San Francisco Ave |
| Electric Expense | 0.0 |
| Entry Location | 1 |
| Fuel Expense | 0.0 |
| Garage Spaces | 5.0 |
| Garage Y/N | Yes |
| Gross Income | 85320.0 |
| Home Warranty Y/N | No |
| Insurance Expense | 3000.0 |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Levels | Two |
| Listing Terms | Cash, CashtoNewLoan, OwnerMayCarry |
| Lot Size Square Feet | 7864.0 |
| MLS Area | 687 - Pomona |
| Maintenanceexpense | 4500.0 |
| Mobilehomeremainsyn | No |
| Net Operating Income | 55625.0 |
| New Construction | No |
| Number of Units Leased | 6 |
| Open Parking Spaces | 2.0 |
| Operating Expense | 27136.0 |
| Pool Features | None |
| Private Pool | No |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Apartment |
| Property SubType | Apartment |
| Property Type | ResidentialIncome |
| Rent Control Y/N | Yes |
| Senior Community Y/N | No |
| Sewer | PublicSewer |
| Special Listing Conditions | Standard |
| Standard Status | Pending |
| Status | Pending |
| Stories | 2 |
| Street Name | San Francisco |
| Tax Lot | 30 |
| Taxes | 13180.0 |
| Tenant Pays | Electricity, Gas |
| Total Actual Rent | 7110.0 |
| Total Units | 6 |
| Trash Expense | 3156.0 |
| View Y/N | No |
| Water Sewer Expense | 2400.0 |
| Waterfront Y/N | No |
| Year Built | 1937 |
| Year Built Source | Assessor |
| Zoning | POR4YY |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Common Walls | Item2CommonWalls |
| Electric On Property Y/N | No |
| Entry Level | 1 |
| Fireplace Y/N | No |
| Heating Y/N | No |
| Laundry Features | InKitchen |
| Street Suffix | Avenue |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 3377.0 |
|---|---|
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Features | Item25UnitsAcre |
| Lot Size Acres | 0.1805 |
| Lot Size Area | 7864.0 |
| Lot Size Source | Assessor |
| Lot Size Units | SquareFeet |
| Number of Buildings | 3 |
| Number of Separate Electric Meters | 6 |
| Number of Separate Gas Meters | 6 |
| Number of Separate Water Meters | 1 |
| Open Parking Y/N | No |
| Spa | No |
| Total Parking | 7.0 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 91767
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2023 2:13 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
