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Listed by Handoko Chen • Growth Investment Group Pasade
$ 6,400,000
Est. payment | /mo
22,712 SqFt
$ 6,400,000
Est. payment | /mo
22,712 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,712 sqft
Price per Sqft $281
MLS Listing ID CRAR25185110
HOA Y/N No
Year Built 1962
Lot Size 0.984 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
OVER 6% CAP RATE - 530–578 Curran Place & 1584 W Mission Blvd, Pomona — a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 6.01% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor. The property consists of 2 lots (530 Curran Pl – 24 units, and 1584 W Mission Blvd – 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units — all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner. The property boasts recent capital improvements including repaired, reinforced, and repainted perime
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl, Wood
Fireplace No
Laundry Common Area, Other
Exterior
View City Lights
Building
Lot Description Level, Other, Garden
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227