217 7Th StPomona, CA 91766

This exceptional investment opportunity presents an eight-unit apartment building located at 217 E 7th St, Pomona, CA 91766, in Los Angeles County. The property, situated on a 0.36-acre lot, comprises four individual duplex structures, each with private gated yards. The building, constructed in 1925, offers eight well-maintained one-bedroom, one-bathroom units, each approximately 672 square feet (buyer to verify). All units feature laundry hookups and individual gas and electric meters. The property boasts a total square footage of 5,376 square feet and is currently priced at $1,500,000, representing a price per unit of $187,500 and a price per square foot of $279.02. The current NOI is $101,882, yielding a 6.79% cap rate, with a pro-forma NOI of $120,726 and a pro-forma cap rate of 8.05%. An additional approximately 4,100 square feet (buyer to verify) of vacant land offers potential for future development, such as an Accessory Dwelling Unit (ADU) or another duplex (buyer to conduct due diligence and verify local regulations). The property's strategic location near Downtown Pomona, Western University of Health Sciences, and Cal Poly Pomona, combined with low vacancy rates, makes this a compelling investment. The property is zoned POR3*. The APN is 8335-025-011. This is a Class C multifamily property.