Updated Triplex with Rental
2238 Nelson St, Pomona, CA 91766
For Sale
$895,000
Pending
Remodeled front residence with two leased rear units and an attached garage.
Property Size2,479 SF
Days on Market57
Property Features for 2238 Nelson St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Berkshire Hathaway Home Servic
Listed By:
Giusy Mele-Brown · License CA #01252230
(626) 695-2312
Source:
Elliman
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 10 at 6:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Servic
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Investment Insights
Based on property information with market context.
This triplex combines a freestanding front residence with two separate rear apartments. The primary home has been refreshed with an updated kitchen featuring white cabinetry, new countertops, recessed lighting, and new flooring. Remodeled bathrooms, fresh interior paint, new closet doors, and additional flooring improvements continue throughout the residence. Direct access connects the home to an attached two-car garage, while the front yard provides outdoor space and separation from the street.
Each rear unit contains one bedroom and one bathroom, and both are currently rented. The property was built in 1979 and is located at 2238 Nelson St in Pomona, California. The configuration supports a front-home and rental-unit arrangement with existing occupancy in the rear residences.
Each rear unit contains one bedroom and one bathroom, and both are currently rented. The property was built in 1979 and is located at 2238 Nelson St in Pomona, California. The configuration supports a front-home and rental-unit arrangement with existing occupancy in the rear residences.
Key Highlights
- Three‑unit property with a freestanding front residence and two separate rear units
- Front home recently remodeled with updated kitchen and bathrooms
- Two rear units, each with 1 bedroom and 1 bathroom, are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,762
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,240
$835.2K
Cap Rate 7%
$596,600
$596.6K
Cap Rate 9%
$464,022
$464.0K
Market Conditions
NOI Build-Up for 2,479 SF
Gross rent
$62.5K $25.20/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$59.7K $24.07/SF
− OpEx
−$17.9K −$7.22/SF
NOI
$41.8K $16.85/SF
Area
Pomona, CA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,240
Cap Rate 7%
$596,600
Cap Rate 9%
$464,022
Alternative Uses
Best Use
Multifamily LT 5
$596.6K
$522.0K – $696.0K
NOI $41,762 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$548.6K
$480.0K – $640.0K
NOI $38,402 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$794.9K
$695.5K – $927.4K
NOI $55,641 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
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Business Placement
Demographics for 91766, CA
70,701
Population
20,217
Households
3.5
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
10.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$77,699
Median Household Income
$34,705
Median Earnings
$1,776
Median Rent
$568,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles County, CA
Properties on Market for Triplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Remodeled front residence with two leased rear units and an attached garage.
Where is this triplex located?
The property is located at 2238 Nelson St Pomona, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑unit property with a freestanding front residence and two separate rear units; Front home recently remodeled with updated kitchen and bathrooms; Two rear units, each with 1 bedroom and 1 bathroom, are currently rented
