1330 S Reservoir Street, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$975,000$1,870/sqft
1330 S Reservoir Street, Pomona, California 91766
0Bed
0Bath
1,870Sqft
8,640Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a 3-unit triplex apartment, explicitly marketed as 'Residential Income' and 'perfect for an investor to continue collecting rent,' offering immediate cash flow potential.
Top Cons:
Age of Original Construction: Built in 1957, despite recent interior remodels, the property's underlying infrastructure may still be original or older, potentially leading to unforeseen maintenance issues outside the updated areas.
Compared to the nearby listings
Price:$975.0K vs avg $752.5K (+$222,500)80%
Size:1,870 sqft vs avg 1,831 sqft50%
Price/sqft:$521 vs avg $44470%
More Insights
Built in 1957 (69 years old).
Condition: The property, built in 1957, has undergone significant recent renovations as stated in the description and evidenced by the images. All units feature new flooring (LVP/laminate), new mini-split HVAC systems, and newly remodeled bathrooms with modern tile and glass shower enclosures. This makes the units move-in ready. However, the kitchens, while functional and some with newer appliances (like the stainless steel range in Unit 3), retain older cabinetry, countertops, and tile flooring, indicating they were not fully updated to the same modern standard as the bathrooms. This prevents an 'Excellent' rating, but the extensive updates to major systems and finishes qualify it as 'Good'.
Year Built
1957
Close
-
List price
$975K
Original List price
$1.05M
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
OC25223998
Home ConditionGood
Features
View-
About this home
3 Unit Triplex Apartment conveniently located minutes from the 60Hwy. All 3 units were recently remodeled and updated with new flooring, new bathrooms and New HVAC. Each unit has a garage. Entire property is gated for security. Property is turn-key and perfect for an investor to continue collecting rent.
K
Kenny Wu
Listing Agent
Condition Rating
Good
The property, built in 1957, has undergone significant recent renovations as stated in the description and evidenced by the images. All units feature new flooring (LVP/laminate), new mini-split HVAC systems, and newly remodeled bathrooms with modern tile and glass shower enclosures. This makes the units move-in ready. However, the kitchens, while functional and some with newer appliances (like the stainless steel range in Unit 3), retain older cabinetry, countertops, and tile flooring, indicating they were not fully updated to the same modern standard as the bathrooms. This prevents an 'Excellent' rating, but the extensive updates to major systems and finishes qualify it as 'Good'.
Pros & Cons
Pros
Income-Generating Triplex: The property is a 3-unit triplex apartment, explicitly marketed as 'Residential Income' and 'perfect for an investor to continue collecting rent,' offering immediate cash flow potential.
Extensive Recent Renovations: All three units have been recently remodeled and updated with new flooring, new bathrooms, and new HVAC systems, significantly reducing immediate capital expenditure for a new owner.
Turn-Key Investment: Described as 'turn-key,' the property is ready for immediate occupancy and rental, allowing investors to start collecting rent without delay or additional preparation.
Individual Unit Garages: Each unit benefits from its own garage, a valuable amenity for tenants providing convenient parking and additional storage space, enhancing rental appeal.
Enhanced Security Features: The entire property is gated for security, offering tenants a sense of safety and privacy, which can be a significant draw in the rental market.
Cons
Age of Original Construction: Built in 1957, despite recent interior remodels, the property's underlying infrastructure may still be original or older, potentially leading to unforeseen maintenance issues outside the updated areas.
History of Price Reductions: The listing has seen multiple price reductions from its original list price of $1.05M to the current $975K, which could indicate initial overpricing or market resistance.
Lack of Premium Views: The property explicitly states 'view: None,' meaning it does not offer any scenic or desirable views that could command higher rental rates or contribute to premium property value.