252 San Francisco, Pomona, CA 91767
  • MLS#: CV25268258 ( Apartment )
  • Street Address: 252 San Francisco
  • Viewed: 1
  • Price: $1,525,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1937
  • Bldg sqft: 0
  • Days On Market: 11
  • Additional Information
  • County: LOS ANGELES
  • City: Pomona
  • Zipcode: 91767
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present for sale this turnkey 6 unit multifamily asset that delivers immediate cash flow with a 6.53% current CAP rate, 10.48 GRM, and rare seller financing offered at 40% down, 6.25% interest only, due in 4 years, generating a projected 7% cash on cash return. The property consists of (2) renovated 2BD/1BA units and (4) renovated spacious 1BD/1BA units, with the majority being single story constructiona feature highly preferred by renters and ideal for long term durability. Each unit has been extensively upgraded with luxury finishes and includes individual washer/dryer hookups, enhancing tenant satisfaction and rental demand. Additional income and value add potential come from (5) onsite garagesperfect for extra storage income or potential ADU conversions (Buyer to verify with city)plus (3) open parking spaces. With strong in place financials, modernized units, and flexible, attractive financing terms, this property is an exceptional opportunity for investors seeking stable cash flow, built in upside, and a high performing asset in a strong rental market.
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 3377.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Current Financing
  1. None
Entry Location
  1. Front
Fencing
  1. Chain Link
  2. Wood
Fireplace Features
  1. None
Garage Spaces
  1. 5.00
Gardner Expense
  1. 1440.00
Insurance Expense
  1. 5950.00
Laundry Features
  1. Gas & Electric Dryer Hookup
Laundry Income
  1. 100.00
Levels
  1. Two
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 99605.00
Newtaxesexpense
  1. 19091.00
Parcel Number
  1. 8336003019
Parking Features
  1. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. Access Road
Road Surface Type
  1. Alley Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452762880:CRM
Taxblock
  1. 003
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 11650.00
Totalexpenses
  1. 37201.00
Trash Expense
  1. 3420.00
Uncovered Spaces
  1. 3.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Vacancyallowance
  1. 4194
View
  1. None
Water Sewer Expense
  1. 2500.00
Water Source
  1. Public
Year Built
  1. 1937
Year Built Source
  1. Appraiser
Zoning
  1. POR4YY