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Jim, Justin and Vickie, Sales Associate
SOLD
$1,200,000
Date 12/07/2023

252 San Francisco Avenue
Pomona, CA 91767

Apartment
Residence
3,377
Sqft
0.1805
Lot Size
Listing Agent: KRISTOPHER GERMAN CalDRE: 01800021 - RE/MAX 2000 REALTY, 909-645-0443
PRIVATE SELLER FINANCING WITH 25% DOWN!!! We are pleased to exclusively for sale this 6 Unit multi-family residential property in the city of Pomona. Comprising six units with a mix of: two 2Bedroom/1Bathroom cottages, and four 1bedroom/1Bathroom units, this property is ideal for investors seeking a value-add project. Each unit is separately metered for gas and electricity, enhancing ease of management. The 5 on-site garage parking spaces offer additional potential for income through ADU conversions (buyer to confirm with the proper city authorities.) The financials are compelling with a current GRM of 13.19 and a cap rate of 5.19% with an additional 50% upside in Rental Income, indicating a solid investment with room for increased cash-flow and appreciation. The seller's financing terms are attractive: 25% down payment, interest-only payments at 7% rate, with the loan due and PAYABLE in 5 years. This is an excellent opportunity for investors looking to expand their portfolio with a property that offers significant upside potential in a desirable location.
CV23214289
Apartment, 2 Story
Los Angeles
1937
0.1805 Acres
Public
2
Public Sewer
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Listing Agent: KRISTOPHER GERMAN CalDRE: 01800021 - RE/MAX 2000 REALTY, 909-645-0443
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