CA > Pomona
Pomona, CA 91766,724 W 2nd Street
Pomona, CA 91766,724 W 2nd Street
Pomona, CA 91766,724 W 2nd Street
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$860,000
Est. payment /mo
7 Beds
2,978 SqFt
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UPDATED:

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

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Han Chen • Growth Investment Group Pasade
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+1(925) 383-9200

smiles4dee@gmail.com

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