197 Newman, Pomona, California 91768, Pomona, 91768 - 0 bed, 0 bath
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Pomona, California 91768
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $799,900—positioned well below the $960,468 Fair Market Value by 16%. This valuation gap offers $160,568 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 3, the property offers modern interior updates and a strategic location near major universities. This asset is perfectly suited for Buy-and-Hold Investors or first-time buyers utilizing a house-hacking strategy to offset mortgage costs through rental income.
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 | $429 | - |
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 move-in ready.
While built in 1990 (36 years old), the interior shows clear evidence of a mid-life renovation within the last 5-15 years. Updates include modern large-format tile flooring throughout, recessed lighting, and a contemporary bathroom vanity and wall tiling. The property appears well-maintained and move-in ready, though the presence of a portable AC unit suggests the central HVAC system may be dated or insufficient.
As a duplex, this property offers excellent versatility for a 'house-hacking' strategy where an owner-occupant can live in one unit while the other unit's rent offsets the mortgage, or as a pure investment with dual income streams.
The property is ideally situated near Western University of Health Sciences and CalPoly Pomona, ensuring a consistent and high-demand rental pool from students and faculty in a thriving educational hub.
Built in 1990, this structure is significantly newer than many multi-family options in the Pomona area, likely offering more modern electrical, plumbing, and seismic standards which reduces the immediate risk of capital expenditures.
Having been active for 53 days without a sale suggests the property may be facing stiff competition or is priced at the top of the market, potentially leading to future price negotiations.
The current list price of $799,900 is a substantial jump from its 2019 sale price of $610,000, which may challenge the cap rate and overall ROI for investors in a higher interest rate environment.
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 | 57% |
| Lot Size | 7,248 | 8,175 | 43% |
| Price | $799.9K | $783.0K | 57% |
| Price per sq ft | $357 | $392 | 29% |
| Built year | 1990 | 1957 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 119 | 14% |
Apr 7, 2026
$799,900
Initial Listing
Oct 16, 2019
$610,000
Public Record
Jul 28, 2017
$450,000
Public Record