197 Newman, Pomona, California 91768, Pomona, 91768 - 0 bed, 0 bath
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Pomona, California 91768
This Modern Income-Generating Duplex represents a Prime Investment Opportunity with a List Price of $799,900—positioned well below the $893,886 Fair Market Value by 10%. This strategic valuation offers $93,986 in Instant Equity for the incoming buyer. Built in 1990, the property maintains a Fair Condition Rating, offering newer construction standards than surrounding assets. Its proximity to CalPoly Pomona and major freeways ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 197 Newman Subject | $799,900* List Price | 0 | 0 | 2,240 | $399 | - |
A 277 N Myrtle Sold | $783,000 | 4 | 2 | 1,968 | $398 | 0.1 mi |
B 1035 Laurel Avenue Sold | $735,500 | 4 | 2 | 1,722 | $427 | 0.4 mi |
C 586 W Center Street Active | $750,000 List Price | 5 | 3 | 1,688 | $444 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old duplex falls within the 25-40 year age range for fair condition with no evidence of major recent renovations. While the exterior appears maintained, the lack of interior photos and the presence of dated features like chain-link fencing and standard stucco finishes suggest the property is functional but likely features original or aged systems and finishes that may require minor updates.
As a duplex, this property offers a versatile 'house hacking' opportunity for owner-occupants to offset their mortgage or for investors to secure dual rental streams in a high-demand area.
The property is ideally situated near the I-10, SR-71, SR-57, and SR-60 freeways, providing exceptional accessibility for commuters and students attending nearby CalPoly Pomona or Western University.
Built in 1990, this structure is significantly newer than much of the surrounding Pomona housing stock, likely offering more contemporary building standards and lower immediate maintenance requirements.
The close proximity to four major freeways and the active Art Colony district may result in higher ambient noise levels, which could be a drawback for noise-sensitive tenants or owners.
With a list price of $799,900, the property represents a significant capital investment for the Pomona market, requiring strong rental performance to achieve desirable cap rates.
This is a great opportunity for a first time home buyer or an investor. Ideal for the buyer who looking to live in one while getting help from the other unit. Near I-10, SR-71, SR-57, and SR-60 freeways, Western University of Health Sciences, and Pomona’s Art Colony & Antique District, and CalPoly Pomona University.
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 | 2,240 | 1,968 | 60% |
| Lot Size | 7,248 | 7,602 | 40% |
| Price | $799.9K | $783.0K | 60% |
| Price per sq ft | $357 | $398 | 20% |
| Built year | 1990 | 1949 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 169 | 20% |
Apr 7, 2026
$799,900
Initial Listing
Oct 16, 2019
$610,000
Public Record
Jul 28, 2017
$450,000
Public Record