1371 S Reservoir Street, Pomona, CA 91766

$1,550,000
List Price
$1,550,000
Status
ACTIVE
MLS#
SR22169417
Year Built
1961
Lot Size
17,375
Acres
0.39890000000000003
Lot Location
Rectangular Lot
Days on Market
18
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

Six unit bread and butter building located in the up and coming city of Pomona in Los Angeles County. The building consists of six 2 bed and 1 bath units. All units are approximately 750 sqft. This single story building is located on a large 17,375 square foot R-4 zoned (*Buyer to investigate) lot which provides a Buyers with an opportunity to develop additional units in the future. Current rents are approximately $1,404 and the market rents are around $1,800 for similar units which gives a perspective Buyer the opportunity to raise rents to achieve great cash flow and achieve a very attractive cap rate. This part of the City of Pomona is not under the county of Los Angeles rent control (*Buyer to investigate) which allows the perspective Buyer to increase cash flow much faster than similar properties in rent controlled areas. All units are separately metered for gas and electric and the water is billed back to the tenants bi-monthly. All tenants are long term and pay on time. Drive by only! Interior inspection is subject to an accepted offer.

Additional Information

Taxes
$18,600
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$101,088
Operating Expense
25280

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kunal S. Sethi from Listing Office: Keystone Firm

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.