150-162 W. Alvarado St, an investment property located on a large lot in the city of Pomona. This property has two detached buildings and a total of 7 units residential units.
The property features a great unit mix with one (3) two bedroom/ 1 bathroom units, three (3) one bedroom/ one bathroom units, and one (1) studio/ one bathroom unit. Each of the units is separately metered for gas and electricity. There are several long term tenants and the rental income is currently below the market rate.
The property was built in 1886 and has upgraded copper plumbing, ceramic tile in the bathrooms, and wall air conditioning units. The apartments have their own private balconies and backyard barbecue area that the tenants are able to enjoy. There is ample, off street parking for tenants as well as street parking. The ample lot size of 25,632 SF allows for ample green space and common areas for the tenants to enjoy.
This is for land value only!! There are two on a lot but it is zoned R3. This is a perfect piece of land for anyone to build a multi family. Close to Cal Polly Pomona, Devry University and shopping. Near 57/10/71 freeways.
Two homes on a HUGE lot!! This Property can be perfect for your family or your investments. Property may also be used for Board and Care facility business. The Front house has 3 bedrooms, 2 baths, office room, living room with fireplace, and laundry room. The back house has 5 bedrooms, 2 baths, office room, handicapped access, good size kitchen, living room, family room, detached car garage, separate meters and separate back yards for each house surrounded by lots of fruit trees. You have to see this property to appreciate it!!