$1,185,000
$1,175,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 05/31/2023
Key Details
Sold Price $1,185,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23059992
Sold Date 05/31/23
HOA Y/N No
Year Built 1957
Lot Size 0.435 Acres
Property Sub-Type Apartment
Property Description
Private Seller Financing available! We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Pomona. The subject property is comprised of 100% single story construction and offers a unit mix of a 2Bed/1Baths single-story detached cottage, and four additional 1Bed/1Baths units. The rental units are situated on a large 18,934 SqFt lot that is in a predominantly residential neighborhood. Tenants pay for electricity and gas while the owner pays for water and trash. Tenants enjoy onsite garage and car-port parking. A savvy investor can look to reposition the property and take advantage of the 37% upside in rental income! The seller is willing to provide private seller financing with the following terms: 40% down payment, 7 year term, 5% interest only payments, no pre-pay penalty.
Location
State CA
County Los Angeles
Area 687 - Pomona
Zoning POR1YY
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 2.0
Carport Spaces 4
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8357007064
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML
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