1167 East Franklin Ave., an investment opportunity centrally located on the south side of the City of Pomona, CA. It presents an excellent opportunity for an investor to acquire a property that has great upside rental potential and a good unit mix in the increasingly popular East San Gabriel Valley.
The property consists of 3 separate structures: six one bedroom one bathroom and one two bedroom one bathroom unit apartment building for a total of 7 units with large lot size total lot size is 17,352. All of the structures on the property were built in 1928. Most of the units are currently rented below market value, so there is ample room for an investor to increase rental income on these units. The large lot has ample space between the units, lush green space for the tenants to enjoy, and individual garages.
Excellent rental upside potential
No rent control
Quaint, cottage style buildings with garages
Walking distance to public transportation and Metrolink Station
Excellent access to the 10 FWY, 60 FWY, and 71 FWY
GOOD OPPORTUNITY FOR OWNER OCCUPANT, LIVE IN THE HOME AND RENT THE UNITS TO HELP ON THE PAYMENT, HOME IS A SINGLE STORY 3 BEDROOMS AND ONE BATH, UNITS ARE TWO STORY 2 BEDROOMS AND ONE BATH EACH, FRONT HOUSE HAS A SIDE YARD, THERE IS PLENTY OF ROOM TO PARK YOUR CARS AND IS GATED FOR YOUR AND TENANTS PRIVACY. FRESH PAINT OUTSIDE JUST COMPLETED.
This a perfect investor opportunity. Well maintained with many upgrades. Newer window and roof only 10-12 yrs old. Each unit has own garage. Each unit is stuccoed and nicely painted. Interior of units are well maintained and large. One unit has fully remodeled kitchen. All units have own laundry room. All units occupied with very responsible long time tenants. Great neighborhood close to school. One - 3 bedroom 2 bath Two - 1 bedroom 1 bathroom on the property. Each with own meter for electricity and gas.
244 & 246 Duplex in heart of City of Pomona. Each unit has 2 bedrooms and 1 bath with separate electric and gas meters and shared water meter. There is a unpermitted Studio in the middle of unit with its own bathroom. Back unit with New Kitchen Cabinet, New Interior Paint, New Stove, New Hood Fan, New Laminated Floor for bedrooms and New Vertical Blinds. Front unit have 2 car garage and Huge driveway parking. Excellent Location, near shopping center , school and easy access to 71 & 60 Fwy. Great investment opportunity!!!
Property is vacant and has been boarded up by the city. No inside access available. Please email agent with any questions. Price, terms, and commission are subject to lender approval. 2 buyers have walked away so seller is looking for an ALL CASH buyer who is committed to completing the purchase. Last bid puts rehab over 100k. BUYERS TO VERIFY AND SATISFY THEMSELVES WITH EVERYTHING IN THIS INPUT...PROPERTY SOLD AS-IS no repairs to be done.