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Listed by YingYing Zhang, DRE #02023473 • Coldwell Banker Envision
$880,000
Est. payment /mo
8 Beds
6 Baths
3,121 SqFt
New
988 S Garey Pomona, CA 91766
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,121 sqft
Price per Sqft $281
MLS Listing ID CRTR26125762
Bedrooms 8
Full Baths 6
Year Built 1902
Lot Size 6,763 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 minu
Location
State CA
County Los Angeles
Area 687 - Pomona
Rooms
Family Room Other
Interior
Cooling Other, Central Forced Air - Electric
Fireplaces Type None
Laundry In Kitchen
Exterior
Garage Spaces 8.0
Pool None
View None
Building
Water District - Public
Others
Tax ID 8333017014
Special Listing Condition Not Applicable
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