2325 Angela Street, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$1,688,000$4,339/sqft
2325 Angela Street, Pomona, California 91766
0Bed
0Bath
4,339Sqft
7,160Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Stream: The property is fully rented out, ensuring immediate cash flow and eliminating vacancy risk for a new investor upon acquisition.
Top Cons:
Age of Building: Built in 1965, the property's underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or require significant capital expenditures in the future, despite recent cosmetic renovations.
Compared to the nearby listings
Price:$1.69M vs avg $752.5K (+$935,500)90%
Size:4,339 sqft vs avg 1,889 sqft90%
Price/sqft:$389 vs avg $43840%
More Insights
Built in 1965 (61 years old).
Condition: The property, built in 1965, has undergone recent cosmetic renovations across all units, featuring modern kitchens with white cabinets and updated countertops, clean bathrooms, new flooring (laminate/tile/carpet), and fresh paint. This makes the units move-in ready and appealing. However, the property lacks central HVAC, relying on visible window AC units, and the underlying major systems of the 59-year-old building may still be original or nearing the end of their lifespan, preventing an 'Excellent' rating.
Year Built
1965
Close
-
List price
$1.69M
Original List price
$1.78M
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
TR23221602
Home ConditionGood
Features
ViewNeighborhood
About this home
Fully rented out! Welcome to 2325 Angela St, a prime location nestled near vibrant shopping centers, entertainment venues, convenient transportation options, and more. This unique quadraplex stands out with its four units, each boasting three bedrooms, two full baths, and a detached garage space. Recently renovated, the property now showcases modern kitchens and bathrooms in every unit, complemented by new flooring and fresh paint. This investment opportunity of a lifetime awaits, offering a chance to secure a lucrative deal. The potential for additional income through laundry services or Tenant billing for CAM can add upside potential. Don't miss out on this rare opportunity, seize the moment and make this investment yours before it disappears from the market.
C
Christopher Helmich
Listing Agent
Condition Rating
Good
The property, built in 1965, has undergone recent cosmetic renovations across all units, featuring modern kitchens with white cabinets and updated countertops, clean bathrooms, new flooring (laminate/tile/carpet), and fresh paint. This makes the units move-in ready and appealing. However, the property lacks central HVAC, relying on visible window AC units, and the underlying major systems of the 59-year-old building may still be original or nearing the end of their lifespan, preventing an 'Excellent' rating.
Pros & Cons
Pros
Immediate Income Stream: The property is fully rented out, ensuring immediate cash flow and eliminating vacancy risk for a new investor upon acquisition.
Desirable Unit Configuration: Each of the four units features a sought-after 3-bedroom, 2-bathroom layout with a detached garage, appealing to a broad tenant base and commanding strong rental rates.
Recent Interior Renovations: All units have been recently renovated with modern kitchens, bathrooms, new flooring, and fresh paint, reducing immediate capital expenditure for the owner and attracting quality tenants.
Strategic Location: Nestled near vibrant shopping centers, entertainment venues, and convenient transportation options, the location enhances tenant appeal and supports stable occupancy.
Income Upside Potential: Opportunities exist to further increase revenue through the implementation of laundry services or tenant billing for Common Area Maintenance (CAM).
Cons
Age of Building: Built in 1965, the property's underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or require significant capital expenditures in the future, despite recent cosmetic renovations.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which could indicate initial overpricing or challenges in attracting buyers at the higher valuation.
Lack of HVAC System Details: While interior renovations are highlighted, the description does not specify the presence or condition of modern HVAC/cooling systems, which could be a concern for tenant comfort and operational costs in California's climate if not updated.