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$ 1,149,888
Est. payment /mo
Price Dropped by $45K
291 W Artesia Street Pomona, CA 91768
6 Beds
4 Baths
10,142 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26013362
Bedrooms 6
Lot Size 10,142 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Turnkey Pomona triplex a fully tenant-occupied, three-unit investment property generating income from day one, with built-in upside as rents move toward market. Individually metered, with a 1-car garage per unit and fresh exterior paint. Units 293 & 295 were fully remodeled in 2024; 293 also features new flooring and fresh interior paint. Unit 291 (2BD/2BA) is the largest of the three, with a front patio and tenant-added W/D hookups in the garage; tenant-occupied at $1,785/mo. Unit 293 (2BD/1BA) has a front patio plus back space; no W/D hookups, though the garage has potential to add them; tenant-occupied at $2,300/mo. Unit 295 (2BD/1BA) offers a front patio and large backyard with an avocado tree, plus tenant-added W/D hookups; tenant-occupied at $2,289/mo. Pro forma income of $85,050/yr at market rents ($2,400 / $2,300 / $2,350) a clear path to increased returns as leases turn over. Diversified three-unit income stream in a high-demand rental corridor: direct 10 Fwy access, 1 block to the Fairplex, and close proximity to Cal Poly Pomona, Western University, Pomona Valley Hospital, and Mt. SAC draws that support steady tenant demand. Buyer/agent to independently verify all income, expenses & rent control applicability.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction West Garey, North 10 Fwy
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8359014014
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Zahra Almahayni, DRE#02163304 Keller Williams Realty Irvine
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