Renovated Four-Unit
920 W 3rd St Pomona, CA 91766
920 W 3rd St, Pomona, CA, 91766
$1,025,000
For Sale
$1,025,000
Renovated four-unit bungalow with private entries, upgraded interiors, and approved plans for a delivered ADU.
Property Size1,950 SF
Lot Size0.16 Acres
Price / SF$525.64
Days on Market111
Property Features for 920 W 3rd St
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Listing agency
Inland Empire Office
(213) 943-1839
Listed by
Sebastian Diaz · License #CA: 02109872
(213) 943-1839
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 9:38PM Checked: Jul 21 at 9:38PM
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 Inland Empire Office
Investment Insights
Based on property information with market context.
Offered for sale, 920 W 3rd Street is a renovated four-unit bungalow property featuring private entries and separation between units. The existing unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit. Three of the four units will be delivered vacant and fully upgraded with new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, and contemporary finishes, along with private yard areas. The property also includes a non-site storage room that may be leased for additional income.
The purchase includes approved plans for a 2-bedroom, 1-bath ADU delivered at the close of escrow, with RTI plans for immediate construction. Upon completion, total rentable space will increase beyond the current configuration. With roughly 75 percent of units delivered vacant, the property provides flexibility to lease upgraded units while the ADU is completed.
Situated in Pomona, the location is described as minutes from Downtown Pomona’s Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, and the Metrolink Station, with direct access to the 10 and 71 freeways.
The purchase includes approved plans for a 2-bedroom, 1-bath ADU delivered at the close of escrow, with RTI plans for immediate construction. Upon completion, total rentable space will increase beyond the current configuration. With roughly 75 percent of units delivered vacant, the property provides flexibility to lease upgraded units while the ADU is completed.
Situated in Pomona, the location is described as minutes from Downtown Pomona’s Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, and the Metrolink Station, with direct access to the 10 and 71 freeways.
Key Highlights
- Renovated four‑unit bungalow property in Pomona with three 1BD/1BA units and one 2BD/1BA unit (1,950 SF rentable).
- Three units will be delivered vacant and fully upgraded with new bathrooms, updated kitchens, modern appliances, fresh paint, and new flooring.
- Approved plans for a 2BD/1BA ADU to be delivered at close of escrow; total rentable space increases to 2,699 SF on a 6,784 SF lot.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.1k | $25.20 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $46.9k | $24.07 |
| − OpEx | −$14.1k | −$7.22 |
| NOI | $32.9k | $16.85 |
1,950 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$431.5K
$377.6K – $503.5K
NOI $30,207 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$625.2K
$547.1K – $729.5K
NOI $43,767 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated four-unit bungalow with private entries, upgraded interiors, and approved plans for a delivered ADU.
Where is this quadplex located?
The property is located at 920 W 3rd St Pomona, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Renovated four‑unit bungalow property in Pomona with three 1BD/1BA units and one 2BD/1BA unit (1,950 SF rentable).; Three units will be delivered vacant and fully upgraded with new bathrooms, updated kitchens, modern appliances, fresh paint, and new flooring.; Approved plans for a 2BD/1BA ADU to be delivered at close of escrow; total rentable space increases to 2,699 SF on a 6,784 SF lot.
