912 W 3rd Street, Pomona, CA 91766
List Price: $995K
Listing Status: Active
0Days on Market: 21
5 Bedrooms · 4 Bathrooms · 2,699 sq ft
Property Type: ResidentialIncome
Year Built: 1938
Lot Size: 6,786 sq ft
MLS Number: 26832815
About This Property
OPEN HOUSE THIS SATURDAY, JUNE 6th FROM 9:00 AM to 11:00 AM - 912 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/2-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.84% cap rate before even factoring in the ADU. After construction, it projects a 7.46% cap rate and a 10.07 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.
Listing provided by: Oscar Diaz DRE #02022902 310-909-5500 Oscar.Diaz@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26832815
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.