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Closed
- Listed price
- $1,320,000
- Listed Apr 18, 2016
- Sold price
- $1,300,000
- Sold Jul 18, 2016
11,437 sqft lot|1965 Built|4 MLS days on market
422 E Olive St, Pomona, CA 91766
Property Description
We are pleased to exclusively offer for sale this 9 unit investment property located in the strong rental community of Pomona. The unit mix is comprised of 8 LARGE two story Town-House Style units and 1 single level one bedroom/one bathroom unit. The Town-House units offer private entry on the ground floor which opens to a large living room, dining room, kitchen and half bathroom. Situated on the second level of the town house unit are two large bedrooms and one full bathroom. These units have been updated with granite counters, newer kitchen cabinetry, tiled flooring and new vanities in the bathrooms. New windows have been installed throughout the units as well. Tenants enjoy onsite garage parking and a coin operated laundry room. All the rental units are separately metered for electricity and gas, while the owner only pays for water and trash. The majority of the tenants are long term with little to no vacancy. With the current rental rates in place a new investor can potentially earn over a 6.5% cash-return, and with market rents in place a substantial 8.8% cash-return!
Listing agent: KRISTOPHER GERMANDRE #01800021kgerman@remaxcre.net, Listing office: RE/MAX 2000
MLS data updated 10/26/2026, 5:35:36 PM PT
Source: CRMLSMLS #: CV16080886
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,300,000
Jul 18, 2016
Available records22016
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91766 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91766 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.