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Listed By:
Kristopher German with RE/MAX 2000 REALTY;
816 Weber Street, Pomona, CA
$ 1,425,000
Property Attributes
  • MLS#CV23174392
  • TypeIncome
  • CityPomona
  • AreaPomona
  • Zip91768
  • StyleApartment
  • Price$ 1,425,000
  • Bedrooms11
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage5633
  • Lot Size0.439784 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.

Price History
9/19/2023 Listed $1,425,000

General Features

Building Area Units Square Feet
City Pomona
Community Features Curbs, Gutter(s), Sidewalks
County Los Angeles
Directions Use GPS | South of I-10, East of CA-71; Near the Intersection of W Orange Grove Ave & Weber St
Entry Location 1
Garage Spaces 10
Garage Y/N Yes
Gross Income 98752
Insurance Expense 2500
Levels One
Listing Agent Kristopher German - BRE#01800021
Listing Agent State License 01800021
Listing Terms Cash, Cash to New Loan, Owner May Carry
Lot Size Square Feet 19157
MLS Area 687 - Pomona
Maintenanceexpense 3750
Net Operating Income 69825
Open Parking Spaces 2
Operating Expense 36325
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type Residential Income
Rent Control Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 1
Street Name Weber
Tax Lot 13
Taxes 16985
Total Units 5
Trash Expense 9040
Water Sewer Expense 3300
Year Built 1984
Year Built Source Assessor
Zoning POR2*

Interior Features

Common Walls 2+ Common Walls
Entry Level 1
Laundry Features Washer Hookup, Electric Dryer Hookup, Inside
Street Suffix Street
Total Stories 1

Exterior Features

Buyer Agent Compensation 2.500
Buyer Agent Compensation Type %
Building Area Total 5633
Lot Features 2-5 Units/Acre
Lot Size Acres 0.4398
Lot Size Area 19157
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 12
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91768

AVG $1.58M
AVG 15
Year Built
AVG 1947