1379 S Gibbs Street Unit 3, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$1,499,000$3,360/sqft
1379 S Gibbs Street Unit 3, Pomona, California 91766
0Bed
0Bath
3,360Sqft
19,858Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: Explicitly a 'Residential Income' property with '3 Units on one lot' (Triplex), making it ideal for generating consistent rental revenue.
Top Cons:
Property Age: Built in 1958, the property is over 60 years old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for renovations or upgrades.
Compared to the nearby listings
Price:$1.50M vs avg $752.5K (+$746,500)90%
Size:3,360 sqft vs avg 1,889 sqft90%
Price/sqft:$446 vs avg $44450%
More Insights
Built in 1958 (68 years old).
Condition: Built in 1958, this property is over 60 years old with no indication of recent major renovations. The listing's own analysis highlights 'potential for outdated systems (plumbing, electrical)' and 'need for significant capital expenditures for renovations or upgrades.' Without interior photos, especially of kitchens and bathrooms, it's highly probable these areas are severely outdated in style, features, and functionality, requiring substantial repairs and rehabilitation to meet modern standards. The exterior, while not dilapidated, is basic and lacks curb appeal, further suggesting a property in need of extensive updates.
Year Built
1958
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
WS24000802
Home ConditionPoor
Features
View-
About this home
Totally 3 Units on one lot. Front building has 2 units and the rear building is single unit. Investor delight!
H
HONGHUA SHANG
Listing Agent
Condition Rating
Poor
Built in 1958, this property is over 60 years old with no indication of recent major renovations. The listing's own analysis highlights 'potential for outdated systems (plumbing, electrical)' and 'need for significant capital expenditures for renovations or upgrades.' Without interior photos, especially of kitchens and bathrooms, it's highly probable these areas are severely outdated in style, features, and functionality, requiring substantial repairs and rehabilitation to meet modern standards. The exterior, while not dilapidated, is basic and lacks curb appeal, further suggesting a property in need of extensive updates.
Pros & Cons
Pros
Strong Income Potential: Explicitly a 'Residential Income' property with '3 Units on one lot' (Triplex), making it ideal for generating consistent rental revenue.
Investor-Oriented Asset: The property is directly marketed as an 'Investor delight!', highlighting its primary value proposition for investment purposes and potential return.
Generous Lot Size: A substantial 19,858 sqft lot offers potential for future development, expansion, or enhanced outdoor amenities, adding long-term value.
Diversified Income Stream: Having three separate units provides multiple rental incomes, mitigating risk compared to single-unit properties and offering greater stability.
Established Location: Located in Pomona, a well-established Southern California city, which typically offers a stable rental market and consistent demand.
Cons
Property Age: Built in 1958, the property is over 60 years old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for renovations or upgrades.
Lack of Detailed Unit Information: The listing provides no specifics on the condition of individual units, current rental income, occupancy rates, or recent upgrades, which are crucial for investor due diligence and accurate valuation.
Potential for High Renovation/Maintenance Costs: Given its age and the lack of detailed condition reports, a new owner should anticipate substantial costs for bringing units up to modern standards or addressing deferred maintenance across three units.