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About the Listing 7006 - WS77511
A rare opportunity to own an 11-unit mixed-use income property in Pomona consisting of 8 apartment units and 3 commercial units situated on two adjacent parcels totaling approximately 12,335 SF. The property features a strong rental history with long-term tenants and includes a newly constructed unit ready for lease-up. Based on the owner's provided financial information, the property offers an estimated 5% capitalization rate; buyers are advised to independently verify all income, expenses, and financial information. Additionally, the existing carport may offer the potential to be converted into two Accessory Dwelling Units (ADUs), subject to City approvals and applicable regulations, creating further value-add opportunities. The site may also offer the potential to develop up to 23 units (buyer to verify with the City of Pomona regarding zoning, density, and development requirements). Ideal for investors, developers, and owner-users looking to benefit from existing income with future growth potential.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
WS26128348
Year Built
1948
Total Square Footage
6,202
Lot/Acreage
0.28
County
Los Angeles
Area
687 - Pomona
Interior Details
- Bedrooms: 13
- Bathrooms: 11 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 8336008014
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
702 N Garey Pomona, CA 91767
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