291 W Artesia, Pomona, California 91768, Pomona, 91768 - 0 bed, 0 bath
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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.
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 4.2% cap rate based on current income ($75,600/year), with local market rents supporting an estimated $91,200/year pro forma income (~5.6 % 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,540 | 1,968 | 60% |
| Lot Size | 10,142 | 10,142 | 50% |
| Price | $1.20M | $783.0K | 60% |
| Price per sq ft | $470 | $427 | 60% |
| Built year | 1959 | 1949 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 169 | 20% |
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