724 W 2nd Street Active Save Request In-Person Tour Request Virtual Tour
Pomona,CA 91766
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,978 sqft
Price per Sqft $288
MLS Listing ID CRAR25133133
Bedrooms 7
HOA Y/N No
Year Built 1902
Lot Size 7,802 Sqft
Acres 0.18
Property Sub-Type Duplex
Property Description
A strategically located Duplex with significant Value-Add Opportunity and 100% VACANT! Offered at attractive over ±7% CAP Rate (proforma – 100% vacant - buyer to verify), this offering provides a good ±10% Cash-on-cash return with a low down payment on a 30-year fixed mortgage (proforma – 100% vacant) – buyer to verify. It is 100% and may be delivered vacant (depending on COE Date). The property is strategically located on 2nd St which is a walking distance from Downtown Pomona and less than 10 minutes to CAL POLY POMONA. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1902 and consists of 2 units. The ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). It is being operated as a student housing but could easily be operated as a regular apartment unit or owner-user unit. The 2nd floor unit is a large 3bedroom+1bathroom unit (#B). The property has ±2,978SF living space and situated on a large 7,802 SF C3 zone lot. Originally it was a 3-unit property where 2 units were combined to make the large 4-be
Location
State CA
County Los Angeles
Zoning POC3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Gas Dryer Hookup,Other
Exterior
View Y/N false
View None
Total Parking Spaces 2
Building
Lot Description Level,Other
New Construction No
Others
Tax ID 8342006011