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
Excellent opportunity for a new or experienced investor. All units are fully occupied and all tenants have been there for years. owner has kept rents below market rate. There is upside in rents for new owner. Seller has installed wrought iron fence for more tenant privacy and security.
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.
This is a must see Property!!!!!!!!!! This property is in the City of Pomona. This Duplex features 2/1 and 2/1. Plus unpermitted room in the garage. The seller bought the property like that. This Is Well Kept is a must see. Property is being sold as is. Buyers to verified all aspects of the property before COE.
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.