
Pomona, California 91768
This four-unit multifamily property presents a Strong Value Opportunity with a List Price of $945,000—positioned well below the $1,007,964 Fair Market Value by 6%. This valuation gap offers $62,964 in Instant Equity. Featuring an Excellent Condition Rating due to recent capital improvements like new electrical panels and interior renovations, the asset offers a 49% rental upside. With individually metered utilities and a stable, long-term ownership history, this is a prime acquisition for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Laurel Subject | $945,000* List Price | 0 | 0 | 3,480 | $290 | - |
A 547 William Active | $1,089,000 List Price | 0 | 0 | 3,544 | $307 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1961, the property has undergone extensive recent renovations (under 5 years) including upgraded kitchens and bathrooms. Major systems have been modernized with new electrical panels installed in 2025 and partial repiping of units, qualifying it for excellent condition based on recent capital improvements.
The property features significant recent upgrades including new electrical panels (2025) and comprehensive interior renovations to kitchens and bathrooms, reducing immediate deferred maintenance.
With a projected 49% rental upside, the asset presents a major value-add opportunity for investors to increase Net Operating Income as leases turn over to market rates.
Units are individually metered for gas and electricity and equipped with separate hot water heaters, shifting utility costs to tenants and lowering owner overhead.
While some units have been repiped, the plumbing system is only partially upgraded, which may lead to inconsistent maintenance needs across the 1961-built structure.
The provision of only one garage per two-bedroom unit may be insufficient for modern tenant needs in a car-dependent area, potentially impacting long-term tenant retention.
Pleased to exclusively present the opportunity to acquire 550-556 Laurel Avenue, a well-maintained four-unit multifamily property located in the City of Pomona, a centrally located rental market within the San Gabriel Valley. The property consists of four spacious two-bedroom, one-bathroom units situated on a single parcel. The property has benefited from significant capital improvements, including the installation of new electrical panels for each unit in 2025. Ownership has also completed extensive interior renovations throughout the majority of the units, featuring upgraded kitchens and bathrooms, updated cabinetry, modern backsplash finishes, vinyl plank flooring, newer carpeting, and other improvements designed to enhance resident appeal. Additionally, the property has been under the same ownership for more than 25 years, reflecting long-term care and stewardship. The owner is also selling 547 William Street, Pomona which is contiguous to this property. Each unit is individually metered for gas and electricity and is serviced by its own hot water heater. There are single-car garages for each unit. Additional property improvements include partial plumbing upgrades through repiping of select units. Residents also benefit from an on-site laundry facility (owned), including a newly installed dryer in 2026. Located within an established residential neighborhood, convenient access to major transportation corridors including Interstate 10, State Route 60, State Route 57, and State Route 71, connecting residents to employment centers throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. With a desirable all two-bedroom floor plan, 49% rental upside, extensive interior renovations, individually metered utilities, and strong rental market fundamentals, 550-556 Laurel Avenue presents investors with an opportunity to acquire a well-positioned multifamily asset offering both stable in-place income and long-term appreciation potential within a supply-constrained Southern California market.
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 | 3,480 | 1,658 |
| Lot Size | 7,682 | 4,936 |
| Price | $945.0K | $753.4K |
| Price per sq ft | $272 | $356 |
| Built year | 1961 | 1938 |
| HOA | $0 | $0 |
| Days on market | 37 | 74 |
Jun 15, 2026
$945,000
Initial Listing