1372 W 2nd Street

    Pomona, CA 91766
    • $639,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: IG19152438
    UPDATED: 67 min ago
    $639,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,073
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    Description

    **Location ** Cash Flow ** Seller is exchanging this cash cow for another project. Great opportunity to own income producing Triplex in one of the nicer parts of Pomona. Property is sitting on Rent control free zone with stable tenancy track record and potential to grow with next schedule rent increase is in August. Property has one 3 bed/ 1 bath unit downstairs, and two 1 bed/1 bath units upstairs with access from both front and back side of the building. Owners have kept pride of ownership and added value with right upgrades. Ample tenant parking in back with Iron rolling gate security and concrete paved ground throughout property. Tenants are on property since long time with minimal unit maintenance and owner managed structure in place. Units updated with paint, appliances, flooring, and exterior updates. Property located near shopping, transport, major freeway access in the middle of commercial and residential neighborhood. Drive by only and please do not disturb tenants. Great investment for turnkey, cash flow and growth. Make an offer before it is gone!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T09:49:26.64. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96359282

    1372 W 2nd Street Pomona, CA 91766

    • Price: $639,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: IG19152438
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,073
    SQFT
    $308
    $/SQFT
    1912
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    **Location ** Cash Flow ** Seller is exchanging this cash cow for another project. Great opportunity to own income producing Triplex in one of the nicer parts of Pomona. Property is sitting on Rent control free zone with stable tenancy track record and potential to grow with next schedule rent increase is in August. Property has one 3 bed/ 1 bath unit downstairs, and two 1 bed/1 bath units upstairs with access from both front and back side of the building. Owners have kept pride of ownership and added value with right upgrades. Ample tenant parking in back with Iron rolling gate security and concrete paved ground throughout property. Tenants are on property since long time with minimal unit maintenance and owner managed structure in place. Units updated with paint, appliances, flooring, and exterior updates. Property located near shopping, transport, major freeway access in the middle of commercial and residential neighborhood. Drive by only and please do not disturb tenants. Great investment for turnkey, cash flow and growth. Make an offer before it is gone!!!
    Exterior Features

    Carport Spaces 3.00 Construction Materials ConcreteStuccoWood Siding Entry Level 1 Exterior Features Lighting Fence YN Yes Fencing BlockChain LinkWood Foundation Details CombinationRaised Garage Spaces 0.00 Lot Features Rectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type Private Road Road Surface Type Paved Roof Shingle View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S)Electric Cooling YN Yes Door Features Atrium DoorsPanel Doors Flooring Tile Heating ZonedWall FurnaceNatural Gas Heating YN Yes Interior Features Beamed CeilingsCeiling Fan(S) Laundry Features Inside Levels Two Room Type EntryLiving Room

    Property Features

    Accessibility Features NoneSee Remarks Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.17 Community Features SidewalksStorm DrainsStreet LightsUrban Country Us Electric Electricity - On PropertyStandard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 360.00 Gross Income 48660.00 Gross Scheduled Income 44400.00 Insurance Expense 1046.00 Land Lease YN No Laundry YN Yes Licenses Expense 150.00 Net Operating Income 39461.00 New Construction YN No New Taxes Expense 8469.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 9199.00 Property Condition Turnkey Property Sub Type Triplex Rent Control YN No Security Features Automatic GateCarbon Monoxide Detector(S)Fire And Smoke Detection SystemSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityExterior MaintenanceGasSee Remarks Total Expenses 9199.00 Trash Expense 1086.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 834.00 Water Source Public Year Built Source Assessor Zoning Pom1*

    Listing provided courtesy of Ken Shah of Trident Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T09:49:26.64. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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    Covina CA, 91723