1936 Royalty Drive, Pomona, California 91767, Pomona, 91767 - bed, bath
ACTIVE$950,000
1936 Royalty Drive, Pomona, California 91767
0Bed
0Bath
2,016Sqft
7,365Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a duplex, the property offers immediate income potential from two separate units, ideal for investors or owner-occupants seeking rental revenue.
Top Cons:
Age of Property: Built in 1963, the property is over 60 years old, likely requiring significant updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern standards.
Compared to the nearby listings
Price:$950.0K vs avg $790.0K (+$160,000)89%
Size:2,016 sqft vs avg 2,016 sqft50%
Price/sqft:$471 vs avg $42389%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this property is over 60 years old. The complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests these areas are severely outdated, likely original or minimally updated, and would require full gut renovations. The property analysis explicitly states a 'weakness' due to its age, 'likely requiring significant updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations.' While currently income-generating, this indicates substantial deferred maintenance and a need for significant repairs and rehabilitation to bring major components and aesthetics to modern standards, aligning with the 'Poor' condition criteria.
Year Built
1963
Close
-
List price
$950K
Original List price
$1M
Price/Sqft
$471
HOA
-
Days on market
-
Sold On
-
MLS number
SR25061849
Home ConditionPoor
Features
View-
About this home
Located in the vibrant city of Pomona, this income-generating duplex presents a fantastic opportunity for investors or homeowners looking for rental potential. Offering two separate units, each featuring two bedrooms and one bathroom, this property provides a total of four bedrooms and two bathrooms across both residences. Each unit is thoughtfully designed for comfort and functionality, making it an attractive option for tenants or multi-generational living. The layout ensures a bright and inviting atmosphere, with ample living space and practical features throughout. Situated in a desirable neighborhood, this property is close to shopping, dining, schools, and major freeways, making it convenient for residents and ensuring strong rental demand. Whether you're looking to expand your real estate portfolio or seeking a property with income potential, this duplex in Pomona is an excellent opportunity.
Condition Rating
Poor
Built in 1963, this property is over 60 years old. The complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests these areas are severely outdated, likely original or minimally updated, and would require full gut renovations. The property analysis explicitly states a 'weakness' due to its age, 'likely requiring significant updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations.' While currently income-generating, this indicates substantial deferred maintenance and a need for significant repairs and rehabilitation to bring major components and aesthetics to modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a duplex, the property offers immediate income potential from two separate units, ideal for investors or owner-occupants seeking rental revenue.
Strategic Location: Situated in a desirable Pomona neighborhood, it boasts convenient access to shopping, dining, schools, and major freeways, ensuring strong rental demand.
Dual Unit Configuration: Comprising two distinct 2-bedroom, 1-bathroom units, it provides flexibility for multiple rental streams or multi-generational living arrangements.
Ample Lot Size: The 7,365 sqft lot offers generous outdoor space, a valuable amenity for tenants or owner-occupants in an urban environment.
Functional Layout: Each unit is described as 'thoughtfully designed for comfort and functionality' with 'ample living space,' suggesting practical and tenant-friendly interiors.
Cons
Age of Property: Built in 1963, the property is over 60 years old, likely requiring significant updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern standards.
Recent Price Reduction: The property's list price was reduced from $1,000,000 to $950,000, which could indicate initial overpricing or a slower market response, potentially affecting perceived value.
Undisclosed Renovation Status: The description lacks specific details on recent renovations or upgrades to kitchens, bathrooms, or core infrastructure, implying potential for substantial capital expenditure post-purchase to enhance appeal and functionality.