1133 S Park Ave, Pomona, CA 91766

Property Description

Recently renovated, low-maintenance triplex offering stabilized income and substantial rental upside in Pomona. Situated on an approximately 5,796-square-foot fenced lot, this 2,016-square-foot multifamily property generates over $60,000 in gross annual income from stable long-term tenants. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7% and more than 20% potential rental upside. All three units have been updated with newer faux-wood flooring, updated windows, bright open floor plans, spacious living areas, modern bathrooms, and refreshed kitchens featuring shaker-style cabinetry, solid-surface countertops, stainless-steel sinks, and newer ranges. Additional interior highlights include generously sized bedrooms, dedicated closets, mini-split heating and air conditioning, distinctive spiral staircases, and vaulted bedroom ceilings. Each unit is separately metered for electricity and gas and has its own independent water heater, helping simplify utility management. Recent property improvements completed within the last three years include a newer roof, newer windows, newer water heaters, and newer exterior wood siding. The property also features gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, additional open parking, and a laundry room offering potential supplemental income. The spacious lot may provide future ADU potential; buyer to independently verify feasibility, zoning, permits, and development requirements with the City of Pomona. Conveniently located near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways. An excellent opportunity to acquire a cash-flowing Pomona triplex with stable income, updated units, multiple revenue opportunities, and long-term value-add potential. Buyer to verify all information.