291 W Artesia, Pomona, California 91768, Pomona, 91768 - bed, bath
291 W Artesia
Pomona, California 91768
Property Price
SUMMARY
Analysis of 291 W Artesia, Pomona, California 91768 is currently available with a list price of $1,248,880. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Pomona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Returns
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.
- Recent Capital Improvements
With two units fully remodeled and fresh exterior paint and landscaping, the property minimizes immediate maintenance costs and appeals to high-quality tenants.
- Strategic Location
Proximity to the 10 Freeway, Fairplex, and major institutions like Cal Poly Pomona and Pomona Valley Hospital ensures consistent rental demand and low vacancy.
CONSRISKS & DEFICIENCIES
- Inconsistent Unit Condition
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.
- Regulatory Due Diligence
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.
About 291 W Artesia
Excellent investment opportunity in Pomona! Zoned triplex offering three units, with two units fully remodeled. Recent improvements include fresh exterior paint and updated landscaping. Each unit features separate gas and electric meters and an assigned one-car garage. Unit Details: • Unit #291: 2 bedrooms, 2 bathrooms, private front patio • Unit #293: 2 bedrooms, 1 bathroom, fully remodeled, front patio, and backyard • Unit #295: 2 bedrooms, 1 bathroom, fully remodeled, front patio, and backyard Located in a quiet residential neighborhood with convenient access to the 10 Freeway and just one block from the Fairplex (LA County Fairgrounds). Close to Pomona Valley Hospital, Brackett Field Airport, Sheraton Hotel, Cal Poly Pomona, Western University, Mt. SAC, and Pomona College. Attractively priced with a strong 4.1% cap rate based on current income ($75,600/year), with local market rents supporting an estimated $96,000/year pro forma income (~5% cap rate). Estimated expense ratio ~35%. Ideal for investors or owner-users seeking a well-located, income-producing property. Buyer to verify income, expenses, and rent control applicability.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1959
- Lot Size
- 10,142 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,540 | 1,968 | 60% |
| Lot Size | 10,142 | 13,056 | 40% |
| Price | $1.25M | $1.25M | 50% |
| Price per sq ft | $492 | $427 | 60% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 140 | 20% |
Pricing History
Listed for Sale
Jan 20, 2026
$1,248,880
Initial Listing
Sold
Dec 14, 2021
$785,000
Public Record
Sold
Jun 26, 2007
$650,000
Public Record