1011 W 8th, Pomona, California 91766, Pomona, 91766 - 0 bed, 0 bath
Loading property details...
Pomona, California 91766
This 4-unit Residential Income property presents a Strong Value Opportunity, listed at $950,000—positioned above the $880,771 Fair Market Value. While the property requires capital expenditure to modernize three dated units, the existing renovation in one unit demonstrates clear upside potential. With a Condition Rating of 4, this asset offers a strategic Value-Add play for Buy-and-Hold Investors or Owner-Occupants looking to house-hack. Its proximity to the I-10 corridor and regional employment centers ensures consistent tenant demand, making it a stable long-term portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1011 W 8th Subject | $950,000* List Price | 0 | 0 | 3,500 | $252 | - |
A 1031 Friar Lane Sold | $1,100,000 | 0 | 0 | 4,125 | $267 | 0.4 mi |
B 1064 Waters Active Under Contract | $998,000 List Price | 8 | 4 | 3,904 | $256 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the listing shows one unit with a recent renovation (new LVP flooring, fresh paint, and updated shaker-style kitchen cabinets), the property was built in 1964 and the description indicates only one of the four units has been updated. The presence of older wall heaters and the 'value-add' designation suggest the remaining units and building systems are dated and require maintenance or modernization.
As a four-unit quadruplex, this property qualifies for residential financing while providing multiple revenue streams, making it an ideal asset for both seasoned investors and owner-occupants.
With only one unit currently renovated, there is significant upside potential to increase the gross rental income and property valuation by modernizing the remaining three units.
The property's proximity to the Interstate 10 corridor, regional employment centers, and local shopping ensures consistent tenant demand and long-term desirability.
The presence of three unrenovated units suggests that a buyer will need to allocate significant upfront capital for improvements to achieve market-rate rents.
Built in 1964, the property may require updates to major systems such as plumbing, electrical, or roofing, which are common maintenance concerns for buildings of this vintage.
Well-located 4-unit income property featuring a two-story layout with approximately 3,500 sq ft of building area. Strong investment opportunity with four separate units, including one renovated unit, carport parking, and convenient access to the Interstate 10, shopping, dining, and regional employment centers. Ideal for investors seeking rental income potential, value-add upside, or long-term portfolio growth. Buyer to verify all information, unit mix, rents, and condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,500 | 2,823.5 | 50% |
| Lot Size | 10,713 | 8,273.5 | 67% |
| Price | $950.0K | $954.0K | 50% |
| Price per sq ft | $271 | $274 | 50% |
| Built year | 1964 | 1963 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 135 | 8% |
May 16, 2026
$950,000
Initial Listing