1449 S Park Avenue, Pomona, California 91766, Pomona, 91766 - 0 bed, 0 bath
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Pomona, California 91766
This Residential Income Triplex represents a High-Potential Investment Opportunity, listed at $1,199,999—positioned well below the $1,247,880 Fair Market Value by 3%. This valuation gap offers $47,881 in Instant Equity. Featuring a Condition Rating of 3, the property includes Granite Kitchen upgrades and a massive 20,238 sqft lot with Zoning R2 potential. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage detached units and significant development upside.
Property is move-in ready.
While originally built in 1957, the property has received approximately $80,000 in recent upgrades including granite countertops, newer cabinetry, dual-pane windows, and fresh exterior stucco. The units feature updated tile and laminate flooring and appear well-maintained and move-in ready, meeting the criteria for a property with a recent renovation (under 15 years).
The property features three entirely detached units, offering tenants the privacy and feel of a single-family home, which significantly enhances rental desirability and reduces tenant turnover.
Situated on an expansive 20,238 sqft lot, this property provides a rare opportunity for future expansion, including the potential to add more units or explore a lot split to maximize land value.
With approximately $80,000 in recent upgrades—including dual-pane windows, granite countertops, and new exterior stucco—the asset minimizes immediate CAPEX requirements for a new owner.
While the tenants have good history, long-term occupancy often results in below-market rents, and California's rent control regulations may limit the speed at which an investor can achieve full market-rate yields.
Despite recent cosmetic and surface-level upgrades, the 1957 construction date suggests that core systems like plumbing and electrical may eventually require modernization to maintain long-term viability.
Triplex houses detached all in good condition. Unit 1451 2 Bed 1 bath will be delivered vacant at closing (1109 sq ft), creating an excellent opportunity for an owner-occupant or investor to achieve current market rent. Large house in back is a 3-bedroom 2 bath (1137sqft) with a 2 car garage. The two front units share a 2 car garage and have a fenced front yard. Want more units? This site has about 10,000 sq ft site ready to build behind the 3 detached homes with its own gate in back accessed from the MUIR culdesac. (buyer to verify with city). Approximately $80,000 in recent upgrades have been completed over the past few years, including granite kitchen countertops and newer cabinetry in two units, fresh exterior stucco paint, dual-pane windows throughout, and newer wood fencing. All units feature tile flooring, with two units also offering laminate flooring upgrades. Each unit has their own laundry hookup adding appeal and convenience to the tenants. The remaining two tenants are long-term occupants with good rental history and timely payments. Unit 1451 configuration includes a den off the main bedroom, providing additional flexible living space ideal for an office, retreat, or nursery. The property includes two separate driveways with parking for approximately five additional vehicles besides the 4 garage spaces, adding valuable flexibility for tenants and guests. Excellent income property with strong rental appeal and future development potential.
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 | 2,988 | 2,567.5 | 50% |
| Lot Size | 20,238 | 8,273.5 | 83% |
| Price | $1.20M | $959.0K | 92% |
| Price per sq ft | $402 | $326 | 67% |
| Built year | 1957 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 140 | 8% |
May 22, 2026
$1,199,999
$1,299,999
-8% Price Drop
Initial Listing
May 19, 2026
$1,299,999
Initial Listing
Jul 30, 2001
$163,000
Public Record
Jul 7, 1999
$194,000
Public Record