$1,220,000
Est. payment /mo
4 Beds
4 Baths
7,072 Sqft Lot
New
756 Karesh Pomona, CA 91767
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26175151
Bedrooms 4
Lot Size 7,072 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Fully occupied six-unit multifamily property featuring six 1-bedroom/1-bath units, located on a quiet, tree-lined residential street in a high-demand rental area. Gate property and new roof. One of the property's strongest advantages is its exceptional entry price. A comparable 6-unit property on Karesh Avenue, 602 Karesh Ave., is currently offered at $1,320,000. This property is offered at just $1,220,000 approximately $100,000 less, creating an attractive opportunity for investors seeking value and rental upside. The property features six spacious 1-bedroom/1-bath units, a desirable unit configuration that is easy to rent and straightforward to manage. The property is 100% occupied with long-term tenants, providing immediate in-place income and stability. Additional highlights include a quiet tree-lined street, attractive courtyard, abundant parking, and individual electric metering throughout the complex, helping keep operating expenses manageable. The property is in good condition and offers an investor the opportunity to acquire a well-established multifamily asset without the operational complexity often associated with larger apartment buildings. The units feature large, spacious living areas and bedrooms, along with walk-in closets, providing desirable living space for tenants. Current rents are below market, creating meaningful potential for future rental growth and increased cash flow, subject to applicable laws and market conditions. The location provides convenient access to shopping, restaurants, grocery stores, employment centers, schools and major transporta
Location
State CA
County Los Angeles
Zoning Public Rec
Direction RARE 6-UNIT VALUE-ADD OPPORTUNITY IN POMONA!
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8323029011
Acceptable Financing Cash
Listing Terms Cash
Listed by Benjamin Lin, DRE#01383988 1000 Realty Corporation
NEARBY SCHOOL & BUSINESS
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