586 W Center Street, Pomona, California 91768, Pomona, 91768 - 5 bed, 3 bath
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Pomona, California 91768
This Value-Add Triplex is a high-utility multi-family asset listed at $750,000. While the price sits above the $688,144 Fair Market Value, the property offers a rare three-unit configuration with Independent Utility Meters, private entrances, and a pleasant Neighborhood View. Currently in a Condition Rating of 4, the building requires cosmetic updates but provides a significant $200,000 discount from its original list price. Located centrally within the Pomona Unified district, this property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 586 W Center Street Subject | $750,000* List Price | 5 | 3 | 1,688 | $408 | - |
A 277 N Myrtle Sold | $783,000 | 4 | 2 | 1,968 | $398 | 0.4 mi |
B 1035 Laurel Avenue Sold | $735,500 | 4 | 2 | 1,722 | $427 | 0.6 mi |
C 610 W Center Pending | $579,900 List Price | 4 | 2 | 1,791 | $324 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, this triplex has undergone cosmetic refreshes including newer laminate flooring, fresh interior paint, and updated shaker-style kitchen cabinetry. While move-in ready for tenants, the property shows signs of its age with dated bathroom fixtures and older window units; major systems likely require updates to meet modern standards, fitting the criteria for a well-maintained but aged property.
Each of the three units features its own private entrance and independent utility meters, which simplifies property management and significantly reduces owner-paid utility expenses.
Situated in the heart of Pomona, the property is positioned in a high-demand rental area near the city center, offering excellent accessibility and long-term appreciation potential.
The triplex configuration provides maximum flexibility for 'house hacking' owner-occupants or pure investors, further enhanced by a motivated seller open to negotiation.
Built in 1937, the property may have deferred maintenance or require updates to major systems like plumbing and electrical to meet modern standards and tenant expectations.
At a list price of $950,000 for 1,688 square feet, the cost per square foot is relatively high for the area, which may impact the initial capitalization rate for some investors.
Prime Investment Opportunity – Triplex in the Heart of Pomona! Discover a rare opportunity to own a triplex in near the center of Pomona. Perfect for investors or owner-occupants, this multi-unit property offers both strong income potential and long-term appreciation. Unite-1 offers 2 bedrooms and 1 bathroom, Unit-2 offers 1 bedroom and 1 bathroom, Unit-3 offers 2 bedrooms and 1 bathroom. Each unit features their very own private entrance and independent utility meters. Whether you're looking to live in one unit and rent out the others, or fully lease all three, this property offers maximum flexibility and value. This opportunity is a one of a kind with a motivated seller. Properties Needs some TLC. Sold as it is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,688 | 1,722 | 40% |
| Lot Size | 5,607 | 7,602 | 40% |
| Price | $750.0K | $750.0K | 50% |
| Price per sq ft | $444 | $427 | 60% |
| Built year | 1937 | 1941 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 298 | 187 | 0% |
Mar 22, 2026
$750,000
$900,000
-17% Price Drop
Initial Listing
Mar 6, 2026
$900,000
$950,000
-5% Price Drop
Initial Listing
Jun 28, 2025
$950,000
Initial Listing