920 W 3rd St, Pomona, CA 91766
920 W 3rd St, Pomona, CA 91766
920 W 3rd St, Pomona, CA 91766
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$1,025,000
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5 Beds
4 Baths
2,699 SqFt
Active

920 W 3rd St Pomona, CA 91766

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $379

MLS Listing ID 25622381

Bedrooms 5

Year Built 1938

Lot Size 6,786 Sqft

Acres 0.1558

Property Sub-Type Multi-Family

Property Description

920 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/1-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.60% cap rate before even factoring in the ADU. After construction, it projects a 7.25% cap rate and a 10.32 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.

Location

State CA

County Los Angeles

Area Pomona

Zoning POC3*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Laundry In Unit

Exterior

Parking Features Other

Building

Story 1

Water Public

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Jasmin Conner

Jasmin Conner

Agent | License ID: 02189536

+1(310) 628-4801

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920 W 3rd St