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582 W 3rd Street

Pomona, CA 91766

– beds
– baths
– sqft
8,675 sqft lot
1911 build
– on site

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We are pleased to exclusively offer for sale this excellent "fix and flip" opportunity located in the city of Pomona. The asset consists of (1) 2 Bedroom/1Bathroom, (4) 1 Bedroom/1 Bathroom, & (1) Studio apartment spread across 2 separate structures. The property is located in the Downtown Pomona District in proximity to the metro station, Western University, and restaurants/entertainment. This area of Pomona has seen a tremendous amount of increase in the rental market with respect to demand and rental rates. In its current condition, an investor can take advantage of an attractive $132K Price Per Unit with huge upside potential. The property is separately metered for gas and electricity which is rare to find in vintage assets of the like. Two of the six units will be delivered vacant upon the close of escrow allowing an investor to start renovation immediately. The subject property is in need of extensive rehab and repair which may consist of foundation work as well (buyer and buyer's agent to do their own due diligence).

Listed By CRMLS_CA / KRISTOPHER GERMAN / RE/MAX 2000 REALTY

Last checked: Checking… • Last updated Feb 27, 2023 •

MLS# CV21210238 —

The Building

Year Built:

1911
Year Built Source:

Assessor
New Construction:

No
Common Walls:

2+ Common Walls
Building Area Total:

3999.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

Two
Laundry:

Inside, See Remarks
Laundry:

1

Location

Directions:

South of I-10, East of CA-71; Near Intersection of S Parcels St & W 3rd St
Latitude:

34.05653400
Longitude:

-117.75532100

The Property

Property Type:

Residential Income
Zoning:

POC3*
Lot Features:

6-10 Units/Acre, Lot 6500-9999
Lot Size Area:

8675.0000
Lot Size Acres:

0.1992
Lot Size SqFt:

8675.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

59
Tax Census Tract:

4088.00
Tax Tract:

005
Tax Lot:

4

The Listing

Special Listing Conditions:

Standard
Parcel Number:

8341006005

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

2.00
Uncovered Spaces:

1.00
Carport Spaces:

1.00

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My Commute

From

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Provided by WalkScore® Inc.

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Sale history

Date	Event	Source	Price	% Change
10/25/21 Oct 25, 2021	Sold	CRMLS_CA	$750,000	-5.7%
10/15/21 Oct 15, 2021	Pending	CRMLS_CA	$795,000
9/23/21 Sep 23, 2021	Listed / Active	CRMLS_CA	$795,000

Multifamily Sold on 10/25/2021

$750,000

Listing provided by broker:

KRISTOPHER GERMAN

RE/MAX 2000 REALTY

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Listing Courtesy of: CRMLS_CA and RE/MAX 2000 REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 06:52 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

582 W 3rd Street

Pomona, CA 91766