2418 Angela Street, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$949,000
2418 Angela Street, Pomona, California 91766
0Bed
0Bath
3,970Sqft
7,252Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: Explicitly marketed as an 'exceptional investment opportunity' with 'significant value-add potential and long-term appreciation' in a growing Southern California market, appealing directly to investors.
Top Cons:
Property Age (1964): While described as well-maintained, the 1964 build year suggests potential for aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the near future, impacting investor returns.
Compared to the nearby listings
Price:$949.0K vs avg $752.5K (+$196,500)80%
Size:3,970 sqft vs avg 1,889 sqft90%
Price/sqft:$239 vs avg $43810%
More Insights
Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. While described as 'well-maintained,' the listing explicitly mentions 'value-add potential' and the property analysis highlights 'aging infrastructure' and the need for 'immediate costs to modernize units or address deferred maintenance.' The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these critical areas are significantly outdated and require substantial renovation. Visible window AC units further indicate older systems. This aligns with the 'Poor' condition criteria, indicating a property built over 30 years ago that requires substantial repairs and rehabilitation to meet modern living standards.
Year Built
1964
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$239
HOA
-
Days on market
-
Sold On
-
MLS number
BB25124335
Home ConditionPoor
Features
Good View:
View-
About this home
An exceptional investment opportunity in the heart of Pomona with this well-maintained four-unit multifamily property in a high-demand neighborhood. The building features an ideal mix of units—Unit 1: Front unit at entry level, 3 bedrooms and 2.5 baths. - Unit 2: Main building at entry level, 2 bedrooms and 1.5 bath. - Unit 3: Main building at 2nd floor, 2 bedrooms and 1.5 bath. - Unit 4: Back Unit at entry level, 1 bedroom and 1 bath. Each unit comes with its own garage space and a shared laundry room. The property is centrally located near major freeways, shopping centers, and Cal Poly Pomona, making it highly appealing to a broad range of renters. This property offers significant value-add potential and long-term appreciation. Perfect for investors seeking both stability and upside in a growing Southern California market.
Condition Rating
Poor
The property was built in 1964, making it 60 years old. While described as 'well-maintained,' the listing explicitly mentions 'value-add potential' and the property analysis highlights 'aging infrastructure' and the need for 'immediate costs to modernize units or address deferred maintenance.' The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these critical areas are significantly outdated and require substantial renovation. Visible window AC units further indicate older systems. This aligns with the 'Poor' condition criteria, indicating a property built over 30 years ago that requires substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
Exceptional Investment Opportunity: Explicitly marketed as an 'exceptional investment opportunity' with 'significant value-add potential and long-term appreciation' in a growing Southern California market, appealing directly to investors.
Prime Location: Centrally located in a 'high-demand neighborhood' near major freeways, shopping centers, and Cal Poly Pomona, ensuring strong tenant demand and high occupancy rates.
Diverse Unit Mix: Features an ideal mix of units (3-bed, 2-bed, 1-bed) catering to a broad range of renters, which can enhance occupancy stability and income diversification.
Tenant Amenities: Each unit includes its own garage space and there is a shared laundry room, providing valuable conveniences that attract and retain tenants.
Multifamily Property (Quadruplex): As a four-unit property, it offers diversified income streams and greater rental income potential compared to smaller residential income properties.
Cons
Property Age (1964): While described as well-maintained, the 1964 build year suggests potential for aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the near future, impacting investor returns.
Shared Laundry Facility: A shared laundry room, while an amenity, can lead to increased management responsibilities, potential tenant conflicts, and higher maintenance costs compared to individual in-unit laundry.
Unspecified Renovation Status: The description mentions 'well-maintained' but also 'value-add potential.' Without details on recent major system upgrades or unit renovations, investors might face immediate costs to modernize units or address deferred maintenance to maximize rental income.