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1133 S Park Ave

Pomona CA 91766

4
3
5822 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Recently renovated, low-maintenance triplex offering stabilized income and substantial rental upside in Pomona. Situated on an approximately 5,796-square-foot fenced lot, this 2,016-square-foot multifamily property generates over $60,000 in gross annual income from stable long-term tenants. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7% and more than 20% potential rental upside. All three units have been updated with newer faux-wood flooring, updated windows, bright open floor plans, spacious living areas, modern bathrooms, and refreshed kitchens featuring shaker-style cabinetry, solid-surface countertops, stainless-steel sinks, and newer ranges. Additional interior highlights include generously sized bedrooms, dedicated closets, mini-split heating and air conditioning, distinctive spiral staircases, and vaulted bedroom ceilings. Each unit is separately metered for electricity and gas and has its own independent water heater, helping simplify utility management. Recent property improvements completed within the last three years include a newer roof, newer windows, newer water heaters, and newer exterior wood siding. The property also features gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, additional open parking, and a laundry room offering potential supplemental income. The spacious lot may provide future ADU potential; buyer to independently verify feasibility, zoning, permits, and development requirements with the City of Pomona. Conveniently located near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways. An excellent opportunity to acquire a cash-flowing Pomona triplex with stable income, updated units, multiple revenue opportunities, and long-term value-add potential. Buyer to verify all information.

Features

4 bedrooms
3 bathrooms
5822 sq. ft. lot size
Multi-Family

Property history for 1133 S Park Ave

2021
Sold
$680,000
27 Sep 2021 by Stephen Eng, of RE/MAX OF CERRITOS
2015
Sold
$435,000
22 Dec 2015 by Ron Sandoval

Happy sellers in Pomona

100%
100% of sellers in Pomona reported that their sale price either exceeded or met their price expectations.

Pomona stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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Local market activity for 4 bedroom multi families in Pomona

In the last 12 months, 2 four-bedroom multi families similar to 1133 S Park Ave, have been sold.

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