
Pomona, California 91766
This High-Potential Investment Opportunity is a stabilized triplex listed at $798,000, positioned well below the $916,376 Fair Market Value by 12%. This valuation gap offers $118,376 in Instant Equity. Featuring an Excellent Condition Rating due to recent renovations, the property includes modern mini-split HVAC and updated interiors. With a 6% cap rate and 20% rental upside, this is a prime Buy-and-Hold Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, cash-flowing multifamily property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1133 S Park Avenue Subject | $798,000* List Price | 0 | 0 | 2,016 | $455 | - |
A 1163 W 3rd Street Sold | $909,900 | 5 | 3 | 1,876 | $485 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property qualifies as excellent due to a comprehensive renovation completed within the last 3 years. Key updates include a newer roof, windows, exterior siding, and the installation of modern mini-split HVAC systems. The interiors feature refreshed kitchens with shaker cabinetry and solid-surface countertops, updated bathrooms, and new faux-wood flooring throughout, meeting the criteria for a high-quality renovation under 5 years old.
The property features extensive recent upgrades including a newer roof, windows, siding, and modernized interiors, minimizing immediate capital expenditure for the buyer.
With a current 6% cap rate and over 20% projected rental upside, this stabilized triplex offers immediate cash flow and significant long-term income growth potential.
Each unit is separately metered for gas and electricity with independent water heaters and mini-split HVAC systems, significantly reducing landlord oversight and utility expenses.
The potential for ADU development and zoning compliance requires independent verification by the buyer, posing a risk if city requirements are more restrictive than anticipated.
With three existing units on a 5,796-square-foot lot, adding further structures may lead to a cramped environment and limited open space for tenants.
Recently renovated, low-maintenance triplex offering stabilized income and substantial rental upside in Pomona. Situated on an approximately 5,796-square-foot fenced lot, this 2,016-square-foot multifamily property generates over $60,000 in gross annual income from stable long-term tenants. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7% and more than 20% potential rental upside. All three units have been updated with newer faux-wood flooring, updated windows, bright open floor plans, spacious living areas, modern bathrooms, and refreshed kitchens featuring shaker-style cabinetry, solid-surface countertops, stainless-steel sinks, and newer ranges. Additional interior highlights include generously sized bedrooms, dedicated closets, mini-split heating and air conditioning, distinctive spiral staircases, and vaulted bedroom ceilings. Each unit is separately metered for electricity and gas and has its own independent water heater, helping simplify utility management. Recent property improvements completed within the last three years include a newer roof, newer windows, newer water heaters, and newer exterior wood siding. The property also features gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, additional open parking, and a laundry room offering potential supplemental income. The spacious lot may provide future ADU potential; buyer to independently verify feasibility, zoning, permits, and development requirements with the City of Pomona. Conveniently located near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways. An excellent opportunity to acquire a cash-flowing Pomona triplex with stable income, updated units, multiple revenue opportunities, and long-term value-add potential. Buyer to verify all information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,016 | 1,990.667 |
| Lot Size | 5,822 | 7,597.167 |
| Price | $798.0K | $780.8K |
| Price per sq ft | $396 | $357 |
| Built year | 1987 | 1927 |
| HOA | $0 | $0 |
| Days on market | 33 | 76 |
Aug 7, 2026
$798,000
Initial Listing
Sep 27, 2021
$680,000
Public Record
Dec 22, 2015
$435,000
Public Record