1 of 17

Want to see this property?

724 W 2nd Street

Pomona, CA 91766

– beds
– baths
– sqft
7,802 sqft lot
1902 build
– on site

724 W 2nd St, Pomona, a strategically located Duplex with significant Value-Add Opportunity. Offered at attractive ±6.20% CAP Rate (as student housing - buyer to verify), this offering provides a good ±6.38% Cash-on-cash return with a low down payment on a 30-year fixed mortgage – buyer to verify. The property is strategically located on 2nd St which is a walking distance from Downtown Pomona and less than 10 minutes to CAL POLY POMONA. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1902 and consists of 2 units. The ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). It is being operated as a student housing but could easily be operated as a regular apartment unit or owner-user unit. The 2nd floor unit is a large 3bedroom+1bathroom unit (#B). The property has ±2,978SF living space and situated on a large 7,802 SF C3 zone lot. Originally it was a 3-unit property where 2 units were combined to make the large 4-bedroom unit (buyer to verify). There are 3 separate electric meters, and electrical panels have been upgraded. It has a master meter for water and gas. The property has a large side and back yard and has alley access to the parking area in the back. There are 2 to 4 parking spaces in the back that are not being used. There are plenty of backyard spaces for savvy investor to build ADUs. Savvy investors can also install coin operated washer/dryer in the 4bedroom unit to boost the cash flow. The 4-bedroom unit has been fully upgraded with modern upgrades and consists of 4 student housing bedrooms, the 1st bedroom is a large bedroom that can easily house 2 students and has 3 separate closets. The 2nd bedroom is a large bedroom that should generate slightly higher rent. The 3rd and 4th bedrooms are standard sized bedrooms. The bathroom for this unit is a communal bathroom with double bathroom sinks, 3 shower stalls and 2 toilet aeras. The kitchen has been fully upgraded with new kitchen cabinets and countertops.

Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / han.chen@growthinvestmentgroup.com

Last checked: Checking… • Last updated Apr 15, 2025 •

MLS# AR25082143 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1902
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Wood Siding
Building Area Total:

2978.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Architectural Style:

Bungalow
Roof:

Asbestos Shingle
Foundation:

Raised
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
Faces:

North
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Levels:

Two
Entry Location:

1
Flooring:

Wood
Number Wall AC:

2
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Financial & Terms

Disclosures:

Principal Is RE Licensed, Rent Control

Location

Directions:

from FWY10 or FWY210, exit White Ave - go south and then east on 2nd St.
Latitude:

34.05739300
Longitude:

-117.75712000

The Property

Property Type:

Residential Income
Subtype:

Duplex
Property Condition:

Repairs Cosmetic, Updated/Remodeled
Zoning:

POC3*
Lot Features:

Level with Street, Lot 6500-9999, Rectangular Lot, Level
Lot Size Area:

7802.0000
Lot Size Acres:

0.1791
Lot Size SqFt:

7802.00
Lot Size Source:

Assessor
View:

None
Fencing:

Chain Link
Fence:

Yes
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

16O
Tax Census Tract:

4088.00
Tax Lot:

2

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

8342006011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range
Included:

Yes

The Community

Neighborhood:

Pomona
Features:

Suburban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Concrete, Uncovered
Parking Spaces:

2.00
Uncovered Spaces:

2.00

Extra Units

Number With Disposal:

2
Number With Refrigerator:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/14/25 Apr 14, 2025	Listed / Active	CRMLS_CA	$810,000	29.6% (7.6% / YR)
3/5/25 Mar 5, 2025	Listed / Active	DAMLS
2/26/22 Feb 26, 2022	Listed / Active	CRMLS_CA

Want a closer look?

Go see 724 W 2nd Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Pomona, CA

Similar sold homes

This multifamily located in Pomona, CA 91766 is currently for sale for $810,000. 724 W 2nd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. This multifamily is in the attendance area of Garey High School, Fremont Academy, and Lopez Elementary School.

Listing Courtesy of: CRMLS_CA and Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of 17:13 on Apr 15.

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.