291 W Artesia, Pomona, California 91768, Pomona, 91768 - 6 bed, 4 bath
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291 W Artesia
Pomona, California 91768
ACTIVE
CONDITION: GOOD
6Beds
4Baths
2,540Sq Ft
10,142Lot Size
Property Price
LIST PRICE$1,149,888
EST. MARKET VALUE
$1,004,365
14% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a turnkey triplex listed at $1,149,888, positioned above the $1,001,526 Fair Market Value. While priced at a premium, the asset offers significant upside through a pro forma income of $85,200/yr. Featuring a Condition Rating of 3, the property includes two fully remodeled units and a prime location near Cal Poly Pomona and major medical centers. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to house-hack while capitalizing on strong institutional rental demand.
Estimated Market Value
$1,004,365
Based on Realkey algorithm analyzing recent comparable sales in Pomona.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates back to 1959, two of the three units underwent a full remodel in 2024, featuring modern flooring, recessed lighting, and fresh paint. The property is marketed as turnkey; however, the use of wall-mounted AC units and the condition of the asphalt driveway reflect the property's age, preventing an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Turnkey Renovations
Two of the three units (293 & 295) were fully remodeled in 2024 with new flooring and fresh interior paint, while the exterior received a fresh coat of paint, minimizing immediate capital expenditure for a new owner.
- Strategic Institutional Proximity
The property is ideally located near major demand drivers including Cal Poly Pomona, Western University, and Pomona Valley Hospital, ensuring a consistent pool of high-quality student and professional tenants.
- Significant Rental Upside
With unit 291 currently rented at $1,785 compared to a market pro-forma of $2,400, there is a clear path to increasing the cap rate to 4.92% and maximizing the property's income potential.
CONSRISKS & DEFICIENCIES
- Regulatory Rent Constraints
The property is subject to local and state rent control applicability, which may limit the speed at which an investor can transition under-market units to current market rates.
- Inconsistent Unit Amenities
Unlike the other two units, unit 293 lacks existing washer/dryer hookups, creating a disparity in utility that may require additional plumbing investment to achieve top-tier market rent.
About 291 W Artesia
Turnkey Pomona triplex — a fully tenant-occupied, three-unit investment property generating income from day one, with built-in upside as rents move toward market. Individually metered, with a 1-car garage per unit and fresh exterior paint. Units 293 & 295 were fully remodeled in 2024; 293 also features new flooring and fresh interior paint. Unit 291 (2BD/2BA) is the largest of the three, with a front patio and tenant-added W/D hookups in the garage; tenant-occupied at $1,785/mo, month-to-month. Unit 293 (2BD/1BA) has a front patio plus back space; no W/D hookups, though the garage has potential to add them; tenant-occupied at $2,300/mo. Unit 295 (2BD/1BA) offers a front patio and large backyard with an avocado tree, plus tenant-added W/D hookups; tenant-occupied at $2,289/mo, month-to-month. Pro forma income of $85,050/yr at market rents ($2,400 / $2,300 / $2,350) — a clear path to increased returns as leases turn over. Diversified three-unit income stream in a high-demand rental corridor: direct 10 Fwy access, 1 block to the Fairplex, and close proximity to Cal Poly Pomona, Western University, Pomona Valley Hospital, and Mt. SAC — draws that support steady tenant demand. Buyer/agent to independently verify all income, expenses & rent control applicability.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1959
- Lot Size
- 10,142 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 |
|---|---|---|
| Beds | 6.0 | 5.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,540 | 1,990.667 |
| Lot Size | 10,142 | 7,597.167 |
| Price | $1.15M | $780.8K |
| Price per sq ft | $453 | $357 |
| Built year | 1959 | 1927 |
| HOA | $0 | $0 |
| Days on market | 50 | 76 |
Pricing History
Listed for Sale
Jul 21, 2026
$1,149,888
Initial Listing
Sold
Dec 14, 2021
$785,000
Public Record
Sold
Jun 26, 2007
$650,000
Public Record