756 Karesh, Pomona, CA 91767
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,220,000
Est. payment /mo
7,074 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26175151

HOA Y/N No

Year Built 1960

Lot Size 7,074 Sqft

Property Sub-Type Apartment

Property Description

Fully occupied six-unit multifamily property featuring six 1-bedroom/1-bath units, located on a quiet, tree-lined residential street in a high-demand rental area. Gate property and new roof.

One of the property's strongest advantages is its exceptional entry price. A comparable 6-unit property on Karesh Avenue, 602 Karesh Ave., is currently offered at $1,320,000. This property is offered at just $1,220,000 — approximately $100,000 less, creating an attractive opportunity for investors seeking value and rental upside.

The property features six spacious 1-bedroom/1-bath units, a desirable unit configuration that is easy to rent and straightforward to manage. The property is 100% occupied with long-term tenants, providing immediate in-place income and stability.

Additional highlights include a quiet tree-lined street, attractive courtyard, abundant parking, and individual electric metering throughout the complex, helping keep operating expenses manageable. The property is in good condition and offers an investor the opportunity to acquire a well-established multifamily asset without the operational complexity often associated with larger apartment buildings.

The units feature large, spacious living areas and bedrooms, along with walk-in closets, providing desirable living space for tenants.

Current rents are below market, creating meaningful potential for future rental growth and increased cash flow, subject to applicable laws and market conditions.

The location provides convenient access to shopping, restaurants, grocery stores, employment centers, schools and major transportation routes. The Valley Shopping Center, for example, is located in the 91767 area near Arrow Highway and Towne Avenue, while Pomona offers a broad range of shopping, dining and everyday services.

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8323029011

Energy Description 2160.0

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

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Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678, DRE #01383988

NEARBY SCHOOL & BUSINESS

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