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2384 Geneva Street, Pomona, California 91766, Pomona, 91766 - 5 bed, 3 bath

2384 Geneva Street, Pomona, California 91766 home-pic-0
ACTIVE$898,888$1,991/sqft
Est. Value: $719,839
-19%
AboveEstimate
2384 Geneva Street, Pomona, California 91766
5Beds
3Baths
1,991Sqft
7,985Lot

Price Vs. Estimate

The estimated value ($719,838.695) is $179,049.305 (19%) lower than the list price ($898,888). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7985, living area = 1991.
Top Cons:
Significant Price Discrepancy: The listing price of $898,888 is considerably higher than the estimated property value of $719,838, indicating potential overpricing that may deter buyers or require strong justification.

Compared to the nearby listings

Price:$898.9K vs avg $725.0K (+$173,888)80%
Size:1,991 sqft vs avg 1,522 sqft82%
Price/sqft:$451 vs avg $49127%

More Insights

Built in 1999 (27 years old).
Condition: Built in 1999, this property presents as move-in ready with no immediate renovations required. The images reveal updated kitchens and bathrooms in both the main house and the permitted garage conversion unit. The main house kitchen features modern white shaker cabinets, stainless steel appliances, and recessed lighting, while the bathrooms boast contemporary vanities and tiling. The overall aesthetic is clean and well-maintained, with updated flooring throughout. These significant updates, particularly in key areas, suggest renovations within the last 5-15 years, aligning with the 'Good' condition criteria.
Year Built
1999
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$451
HOA
-
Days on market
-
Sold On
-
MLS number
WS25062519
Home ConditionGood
Features
Patio
View-

About this home

**Prime Investment Opportunity in Pomona!** Welcome to *2384 Geneva St, Pomona, CA 91766*—a versatile income-generating property with a PERMITTED garage conversion, perfect for investors or multi-generational living. The original main house featured **4 bedrooms and 2 bathrooms**. The seller has legally converted the garage into a separate 1-bedroom, 1-bathroom and combined 1 bedroom with main house. The current layout now offers: - **Main House:** 3 beds | 2 baths | Tenant-occupied at **$2,800/month** - **Garage Unit:** 2 beds | 1 bath | Tenant-occupied at **$1,600/month** Total rental income: **$4,400/month!** Located in a convenient neighborhood near schools, shopping, and easy freeway access, this property offers steady cash flow and strong rental potential. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this is an opportunity you don’t want to miss! Don’t wait—schedule a viewing today!

X
XIULIAN YANG
Listing Agent
Condition Rating
Good
Built in 1999, this property presents as move-in ready with no immediate renovations required. The images reveal updated kitchens and bathrooms in both the main house and the permitted garage conversion unit. The main house kitchen features modern white shaker cabinets, stainless steel appliances, and recessed lighting, while the bathrooms boast contemporary vanities and tiling. The overall aesthetic is clean and well-maintained, with updated flooring throughout. These significant updates, particularly in key areas, suggest renovations within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7985, living area = 1991.
Robust Rental Income: Generates a substantial $4,400/month from two tenant-occupied units, offering immediate and consistent cash flow for investors.
Legally Permitted ADU: Features a permitted garage conversion into a separate 2-bedroom, 1-bathroom unit, significantly enhancing property value and rental flexibility without legal concerns.
Versatile Living Options: Ideal for both investors seeking steady income and multi-generational families looking to occupy one unit while renting out the other.
Strategic Location: Situated in a convenient neighborhood with easy access to schools, shopping centers, and major freeways, appealing to a broad tenant base.
Modern Construction Year: Built in 1999, the property offers a more contemporary structure compared to many older homes in the area, potentially reducing immediate maintenance and upgrade needs.

Cons

Significant Price Discrepancy: The listing price of $898,888 is considerably higher than the estimated property value of $719,838, indicating potential overpricing that may deter buyers or require strong justification.
Main House Bedroom Reduction: The main house's original 4-bedroom layout was reconfigured to 3 bedrooms, which might limit its appeal to larger families seeking a traditional 4-bedroom home.
Ongoing Landlord Responsibilities: As an income-generating property with two tenant-occupied units, it entails continuous landlord duties, including maintenance, tenant management, and potential vacancy risks.
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