Skip To Content

    1121 E Pasadena Street

    Pomona, CA 91767
    • $2,280,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: OC21098286
    UPDATED: 60 min ago
    $2,280,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T11:31:35.1. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/117341875
    Print Image

    1121 E Pasadena Street Pomona, CA 91767

    • Price: $2,280,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: OC21098286
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    1957
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona, California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling 16657 square feet, 8149 sq ft for the building. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (Note: studio may not be conforming buyer to verify and two 2 beds units current with 3 bedrooms) Each 2 bedroom unit is equipped with washer/dryer hook-ups. The property has 7 garages along with 2 car-ports and some open parking spaces. Buyer to verify all. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Close to schools and shopping. There's upside rent potential. Buyer to complete their own due diligence in regards to all aspects of the property. All units are occupied.
    Exterior Features

    Carport Spaces 2 Carport YN Yes Construction Materials StuccoWood Siding Fencing Block Lot Features Front YardGardenRectangular LotStreet Level Number Of Separate Electric Meters 9 Open Parking Spaces 3 Parking Features Detached Carport Parking Total 12 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetTileVinyl Heating See Remarks Heating YN Yes Window Features Blinds

    Property Features

    Additional Parcels YN No Cap Rate 3.34 Common Interest Community Apartment Community Features Sidewalks Contingency Seller Do 10-31 Exchange. Sales Subject To Seller To Obtain The Replacement Property And Successful Close Of Escrow. Selling Agent And Buyer Do Their Own Diligent ResearchProperty Sold As-Is With No Termite WorkNo Warranties Or implied. Electric Expense 2400 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 125220 Insurance Expense 2803 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 5301 Net Operating Income 76727 New Construction YN No New Taxes Expense 29709 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 48493 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 10435 Trash Expense 3120 Vacancy Allowance 1252 Vacancy Allowance Rate 1 Water Sewer Expense 4200 Water Source Public Zoning Por301

    Listing provided courtesy of Grace Huang of Presidential Incorporated


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T11:31:35.1. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_365482680-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_365482680-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_365482680-1.jpg
    Logo
    Brandon Hobbs Group | Compass
    341 Bayside Drive
    Newport Beach CA, 92660