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The Warburton Team Brokered By EXp

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

$1,550,000

Est. payment - /mo

9,029 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26153245

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Annual Tax Amount $16,878

Lot Size 9,029 Sqft

Property Sub-Type Apartment

Property Description

Don't miss this outstanding opportunity to acquire a well-positioned remodeled 7-unit multifamily property located at 515 E. Pasadena St., Pomona, CA. Featuring a total of 10 bedrooms and 7 bathrooms, this income-producing asset offers investors the potential for stable cash flow, strong pro forma rent potential, and long-term appreciation in one of the Inland Empire's growing rental markets. EVERY UNIT IS MONTH TO MONTH ON THEIR LEASE!

The property consists of seven residential units with a desirable unit mix designed to attract a broad tenant base. Situated on a centrally located lot, the property provides convenient access to major freeways, public transportation, and plenty of restaurants and businesses off Holt Ave, making it an attractive option for renters.

Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this multifamily property presents a compelling opportunity with strong rental demand in the Pomona market. Investors will appreciate the potential for continued income growth while benefiting from the area's ongoing development and convenient Southern California location. Do not disturb tenants! Drive by only. Offer subject to interior inspection. Buyer to verify pro forma figures as they're only an estimate.

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban, Park

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description Near Park

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 8337010015

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by LOU WU LOU EDWARDS FINANCIAL INC. 949-870-2882, DRE #02154371

NEARBY SCHOOL & BUSINESS

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515 E Pasadena ST Pomona, CA 91767