1363 Buena Vista Avenue, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$1,950,000$5,153/sqft
1363 Buena Vista Avenue, Pomona, California 91766
0Bed
0Bath
5,153Sqft
13,612Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: This property features three detached homes on one lot, fully rented and generating a substantial gross monthly income of $9,674, making it an excellent investment opportunity.
Top Cons:
Significant Price Reductions: The property has undergone multiple price reductions from its original listing price, which may suggest initial overvaluation or challenges in market absorption.
Compared to the nearby listings
Price:$1.95M vs avg $752.5K (+$1,197,500)90%
Size:5,153 sqft vs avg 1,889 sqft90%
Price/sqft:$378 vs avg $43840%
More Insights
Built in 2019 (7 years old).
Condition: This property was built in 2019, making it a very recent construction (within 10 years). The listing explicitly states 'modern finishes' and describes them as 'newer homes.' Although interior images are not provided, the recent build year strongly indicates that all components, including kitchens, bathrooms, flooring, and systems, are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2019
Close
-
List price
$1.95M
Original List price
$2.17M
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
CV25163927
Home ConditionExcellent
Features
View-
About this home
PRICE REDUCTION - Investor Special – 3 Homes on 1 Lot | Built 2019 | $9,674 Monthly Rent Rare opportunity to own three newer detached homes on a 13,612 sq ft lot in Pomona. Built in 2019, each home features 4 bedrooms, and modern finishes. Front house has 3 full baths. the two rear homes have 3.5 baths. Total living space of 5153 sq ft. Front-1809sf, Middle-1736sf, Rear-1736sf. Fully rented with current gross monthly rent of $9,674. Low maintenance, high cash flow, and great long-term upside. All utilities separate. Strong return for minimal hassle on these newer homes. Perfect for 1031 exchange or portfolio expansion!
R
Ronald Sandoval
Listing Agent
Condition Rating
Excellent
This property was built in 2019, making it a very recent construction (within 10 years). The listing explicitly states 'modern finishes' and describes them as 'newer homes.' Although interior images are not provided, the recent build year strongly indicates that all components, including kitchens, bathrooms, flooring, and systems, are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Multi-Unit Income Property: This property features three detached homes on one lot, fully rented and generating a substantial gross monthly income of $9,674, making it an excellent investment opportunity.
Newer Construction: Built in 2019, the homes offer modern finishes and amenities, reducing immediate maintenance concerns and appealing to a broad tenant base.
Strong Cash Flow & Investment Potential: Advertised for its high cash flow and long-term upside, this property is ideal for investors seeking portfolio expansion or a 1031 exchange.
Separate Utilities: All utilities are separate for each unit, simplifying property management and reducing the landlord's operating costs.
Spacious & Modern Units: Each home boasts 4 bedrooms and modern finishes, providing desirable and comfortable living spaces for tenants across a total of 5153 sq ft.
Cons
Significant Price Reductions: The property has undergone multiple price reductions from its original listing price, which may suggest initial overvaluation or challenges in market absorption.
Market Perception/Demand: The series of price adjustments could indicate that the property's value or desirability is not fully aligning with current market expectations in the Pomona area.
Property Management Demands: Despite being newer, managing three separate rental units inherently requires active property management for tenant relations, maintenance, and lease administration, which may not be suitable for all investors seeking truly passive income.