912 W 3rd ST, Pomona, CA 91766
912 W 3rd ST, Pomona, CA 91766
912 W 3rd ST, Pomona, CA 91766
912 W 3rd ST, Pomona, CA 91766
912 W 3rd ST, Pomona, CA 91766
912 W 3rd ST, Pomona, CA 91766
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Ian Michael

Ian Michael

+1(714) 723-1545
$ 995,000
Est. payment | /mo

5 Beds

4 Baths

2,699 SqFt

Save
$ 995,000
Est. payment | /mo
Save

5 Beds

4 Baths

2,699 SqFt

Open House

Sat Jun 06, 9:00am - 11:00am

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $368

MLS Listing ID 26832815

Bedrooms 5

HOA Y/N No

Year Built 1938

Lot Size 6,786 Sqft

Property Description

OPEN HOUSE THIS SATURDAY, JUNE 6th FROM 9:00 AM to 11:00 AM - 912 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/2-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.84% cap rate before even factoring in the ADU. After construction, it projects a 7.46% cap rate and a 10.07 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POC3*

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8342008002

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Oscar Diaz Marcus & Millichap #02022902

Nearby Locations

Ian Michael

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California, 9021290212, USA

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912 W 3rd ST