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593 N San Antonio Ave Pomona, CA 91767

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For Sale
$724,000

Three-unit property in Pomona with repositioning potential.

Lot size:
0.19 Acres

Property Features for 593 N San Antonio Ave

General Information

Property type
Investment
Standard status
Active
Lot size
0.19 Acres

Building Details

Year built
1911

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Listing Contact
Gisele Pinedo
Source: Elliman

Listing Agency: MARCUS & MILLICHAP Listing Agent: Gisele Pinedo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Pomona Multifamily Investment Opportunity

This three-unit multifamily property is located at 593 N San Antonio Avenue in Pomona, California. The building has approximately 3,714 square feet of building area and sits on an approximately 8,300 square foot lot. The unit mix includes two three-bedroom, one-bathroom units in the main house and one separate one-bedroom, one-bathroom unit. Each unit is individually metered for gas and electricity and features its own water heater. The landlord currently pays for water, sewer, and trash utilities. Heating and cooling are provided through wall-mounted HVAC units. Tenants park on-site and on the street. A one-car garage is located on the property and is currently being used for storage. A small laundry room with washer and dryer hook-ups is located within the downstairs unit of the main building. This property offers a repositioning opportunity for investors seeking an income-producing asset with rental upside. The property offers the potential to renovate and reposition the units to achieve market rents, or for an owner-user to occupy one unit while renting out the remaining units. A buyer may explore the possibility of reconverting the main building back into a single-family residence, subject to verification with the City of Pomona. The property benefits from proximity to Cal Poly Pomona, Pomona Valley Hospital Medical Center, and the Pomona Unified School District. Residents also enjoy convenient access to the Downtown Pomona Arts District, which offers a variety of restaurants, retail, and entertainment venues. The location provides access to Interstate 10 and State Routes 60, 71, and 57.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Pomona
County
Los Angeles
State
California
Longitude
-117.7369169
Latitude
34.0638305

FAQs

What type of property is this?
Triplex - Three-unit property in Pomona with repositioning potential.
Where is this triplex located?
The property is located at 593 N San Antonio Ave Pomona, CA.
What is the asking price?
The asking price for this property is $724,000.
What are key features of this property?
This property features: - Pro forma cap rate of approximately 7.38%.; - Repositioning opportunity with measurable rental upside through renovation and achieving market rents.; - **Desirable unit mix:** two 3-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit.
More about this property
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