1440 N Gordon St, Pomona, CA 91768

Property Description

A duplex in a large single family house at a Cul-De-Sac! 6BR/3BA. Great seasoned tenants, two separate entrances, two kitchens with granite counter tops, 2-car detached garage on a good size 7,667sf lot. Large back yard & plenty of parking in the rear. Large covered front patio with a large tree to provide additional shades.
 
 ALL utilities – water, trash, electric, gas and even gardening are paid by tenants. A rental rarity indeed! Total rent $2,900/mo. is below FMV, no rent control but with immediate upside potentials.
 
 Conveniently located, near FWY 10, 57, 71 & 60. Walking distance to Ganesha Park & Ganesha Community Center which offers swimming pool, water slide, kids playground, tenant courts, outdoor amphitheater, picnics & BBQ areas. Stater Bros, Starbucks and school are one to two short walking blocks. Smart & Final, CVS, other shopping and restaurants are a few blocks away. Nearby Pomona Fairplex & Puddingstone Reservoir offers additional fun and recreation options.
 
 12.3 GRM, 8.1% cap! Great income/price ratio, immediate upside income potentials, tenants pay all utilities, historic low interest rate provides a once-in-a-lifetime leveraging opportunity. A 5% down payment on a 30-year fix mortgage at 4.5% would result in immediate positive cash flow from year zero! What an opportunity! Offer subject to interior inspections. Buyer to cooperate with Seller’s 1031 exchange.