291 W Artesia Street, Pomona, California 91768, Pomona, 91768 - 0 bed, 0 bath
Loading property details...
Pomona, California 91768
This Income-Producing Triplex is a well-maintained asset listed at $1,248,880, reflecting its turnkey status and strong rental history. While positioned above the $1,142,236 Fair Market Value, the property boasts a 4.1% Current Cap Rate with a clear path to a 5% Pro Forma Yield. Featuring a Good Condition Rating, the building includes two fully remodeled units, separate meters, and private patios. Its location within the Pomona Unified district near Cal Poly Pomona ensures consistent demand, making it a premier choice for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
This 1959 triplex is in good condition, featuring two fully remodeled units with modern kitchens (shaker cabinets, quartz countertops, stainless steel appliances), updated bathrooms, and new flooring throughout. The exterior has fresh paint and updated landscaping. While two units are essentially in excellent condition, the third unit is not fully remodeled, and the overall age of the structure places the property in the 'good' category as a well-maintained, move-in-ready investment.
The property offers a solid 4.1% current cap rate with a pro forma potential of 5%, providing immediate cash flow and significant upside for investors.
With two units fully remodeled and fresh exterior paint and landscaping, the property minimizes immediate maintenance costs and appeals to high-quality tenants.
Proximity to the 10 Freeway, Fairplex, and major institutions like Cal Poly Pomona and Pomona Valley Hospital ensures consistent rental demand and low vacancy.
Unit #291 has not been fully remodeled like the other two units, which may necessitate future capital expenditure to achieve maximum market rents across the entire triplex.
The property is subject to rent control applicability and requires buyer verification of expenses, posing a potential risk to projected net operating income if not thoroughly vetted.
Turnkey Pomona triplex, live in one unit, rent the other two, or hold all three as an investment. Units 293 & 295 fully remodeled 2024; 291 is a larger 2BD/2BA. 293 features new flooring and fresh interior paint. Individually metered; 1-car garage each. Fresh exterior paint. 291: 2BD/2BA, front patio, tenant-occupied at $1,785/mo. W/D hookups in garage (tenant-added). 293: 2BD/1BA, remodeled, front patio + back space. No W/D hookups; garage has potential to add. 295: 2BD/1BA, remodeled, tenant-occupied at $2,289/mo, front patio + large backyard w/ avocado tree. W/D hookups in garage (tenant-added). 10 Fwy access, 1 block to Fairplex, near Cal Poly Pomona, Western University, Pomona Valley Hospital, Mt. SAC. Pro forma $85,200/yr (4.92% cap) at market rents: 291 $2,400/mo, 293 $2,350/mo, 295 $2,350/mo. Buyer/agent to independently verify all income, expenses & rent control applicability.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,540 | 1,658 |
| Lot Size | 10,142 | 4,936 |
| Price | $1.15M | $753.4K |
| Price per sq ft | $453 | $356 |
| Built year | 1959 | 1938 |
| HOA | $0 | $0 |
| Days on market | 184 | 74 |
Jul 9, 2026
$1,149,888
$1,195,000
-4% Price Drop
Initial Listing
Apr 8, 2026
$1,195,000
$1,248,880
-4% Price Drop
Initial Listing
Jan 20, 2026
$1,248,880
Initial Listing
Dec 14, 2021
$785,000
Public Record
Jun 26, 2007
$650,000
Public Record