217 E 7th St, Pomona, CA 91766

Property Description

217 E 7th St is located in Los Angeles County CA in between the San Gabriel Valley and the Inland Empire, and less than a four-minute walk away from its Downtown Area. The property contains (4) individual duplex structures and private gated yards, sitting on a 0.36-acre lot, totaling eight well-maintained units. All the buildings are individually metered for gas and electricity. The unit mix consists of (8) 1 Bed 1 Bath units with an approximated measurement of 672 sq. ft per unit (buyer to verify). Each of the units has laundry hookups, providing the tenants with the option to provide their own washer and dryer. The yards are gated, with an empty lot of about 4,100 sq. ft (buyer to verify) with the potential to build an ADU or another duplex (buyer to conduct their own due diligence and familiarize themselves with local laws.) The investment appeal of this asset is driven by Pomona's location and low tenancy levels and the close proximity to Downtown Pomona, Western University of Health Sciences, and Cal Poly Pomona.