988 S Garey, Pomona, CA 91766
Quadruplex - Pomona, CA
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 8:06 am
Property Features for 988 S Garey
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room
- Parking
- 8
- Interior features
- 2 Staircases
- Exterior features
- Community Features Included: Biking, Hiking, Sidewalks, 2-5 Units/Acre
- Standard status
- Active
- APN
- 8333017014
- Size
- 3,121 SF
- Lot size
- 6,763.00 Acres
Utilities
- Cooling system
- Electric, ENERGY STAR Qualified Equipment
Building Details
- Year built
- 1902
- Floors in Building
- 4
- Number of units
- 4
- Architectural style
- Other
Listing agent YingYing Zhang License #02023473 (626) 500-8100
Listing office Coldwell Banker Envision 16404 Colima Rd., Hacienda Heights, CA (626) 913-2808
Listing date Jun 9, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fourplex with 4 distinct addresses: 988 N Garey Ave (3 bed/2 bath), 990 N Garey Ave (2 bed/2 bath), 155 E Alvarado St (2 bed/1 bath), and 153 E Alvarado St (1 bed/1 bath)
- Approximately $85,000 gross annual rental income with 7%+ cap rate (per public remarks)
- Major renovations within the last 10 years, including newer roof, upgraded plumbing and electrical, remodeled kitchens, fresh interior/exterior paint, new flooring, updated windows, and newly poured outdoor concrete
- Independent utility setups to help minimize landlord expense (per public remarks)
- Year built 1902; features 2 staircases
- Cooling: electric with ENERGY STAR qualified equipment
Overview
Located in Pomona, CA 91766, the property benefits from easy access to major highways including I-10, CA-60, and CA-71, along with public transit, including the Pomona Metrolink station. The remarks also cite proximity to Western University of Health Sciences and Cal Poly Pomona, as well as Downtown Pomona’s arts and dining district, shopping centers, and local schools.
With four distinct residences and the renovation package already completed, this asset can align with owners seeking straightforward management of multiple rental units. The listing notes an excellent rental history and presents the configuration as turnkey, with reduced maintenance and landlord overhead tied to the improvements and independent utilities.
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 | $78.6k | $25.20 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $75.1k | $24.07 |
| − OpEx | −$22.5k | −$7.22 |
| NOI | $52.6k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pomona
- County
- Los Angeles
- State
- California
- Longitude
- -117.7495438
- Latitude
- 34.0507644
