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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$880,000

Est. payment - /mo

8 Beds

6 Baths

3,121 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,121 sqft

Price per Sqft $281

MLS Listing ID TR26125762

Bedrooms 8

Full Baths 6

HOA Y/N No

Year Built 1902

Lot Size 6,764 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history:

988 N Garey Ave: Spacious 3 Bed / 2 Bath

990 N Garey Ave: Desirable 2 Bed / 2 Bath

155 E Alvarado St: Comfortable 2 Bed / 1 Bath

153 E Alvarado St: Cozy 1 Bed / 1 Bath

Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses.

An Investor's Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market!

Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools.

Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today!

Location

State CA

County Los Angeles

Area 687 - Pomona

Rooms

Main Level Bedrooms 8

Interior

Interior Features Multiple Staircases

Cooling Electric, ENERGY STAR Qualified Equipment

Fireplaces Type None

Fireplace No

Laundry In Kitchen

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Biking, Hiking, Sidewalks

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Quadruplex

Story 4

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Pomona Unified

Others

Senior Community No

Tax ID 8333017014

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by YingYing Zhang Coldwell Banker Envision 626-500-8100, DRE #02023473

NEARBY SCHOOL & BUSINESS

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988 S Garey Pomona, CA 91766