603 605 E Grand, Pomona, California 91766, Pomona, 91766 - 0 bed, 0 bath
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Pomona, California 91766
This Value-Add Residential Income Duplex represents a strategic acquisition for buyers focused on forced appreciation in a high-demand submarket. Listed at $575,000, the property is positioned above its $500,696 Fair Market Value, reflecting the competitive nature of multi-unit assets in Pomona. With a Condition Rating of 5, the 1947 structure requires comprehensive rehabilitation to address significant deferred maintenance and outdated systems. However, the 7,070 square foot lot and proximity to local schools and freeways ensure strong long-term rental demand. This project is an ideal match for Fix-and-Flip Investors or Contractors looking to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 603 605 E Grand Subject | $575,000* List Price | 0 | 0 | 1,344 | $373 | - |
A 942 E 6th Street Sold | $672,000 | 0 | 0 | 1,520 | $442 | 0.5 mi |
B 712 W 7th Sold | $670,000 | 0 | 0 | 1,697 | $395 | 0.8 mi |
C 895 E 9th Pending | $665,000 List Price | 0 | 0 | 1,700 | $391 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1947, shows significant signs of deferred maintenance and age-related wear. Interior images reveal substantial cracking and damage to the ceilings, outdated kitchens with worn cabinetry, and aged bathrooms. The flooring, lighting, and overall finishes are well beyond their expected lifespan, indicating a need for comprehensive rehabilitation and modernization of major systems.
As a duplex with two separate units, this property offers an excellent opportunity for consistent rental income or a house-hacking strategy for owner-occupants.
The property is conveniently situated near major freeways, local schools, and shopping centers, ensuring high desirability and ease of access for tenants.
The 7,070 square foot lot provides ample outdoor space for residents and offers potential for future value-add improvements or landscaping enhancements.
Originally built in 1947, the property may require significant capital expenditures for modernizing systems and aesthetic updates to meet current market standards.
The 1-bedroom, 1-bathroom layout for both units restricts the potential tenant pool to individuals or couples, potentially limiting the maximum achievable rent compared to larger units.
Great opportunity for a Duplex with 1 Bedroom, 1 Bathroom for each unit conveniently located near shopping, schools, and freeways.
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 | 1,344 | 1,697 | 27% |
| Lot Size | 7,070 | 7,213 | 45% |
| Price | $575.0K | $737.5K | 18% |
| Price per sq ft | $428 | $428 | 50% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 185 | 9% |
Apr 9, 2026
$575,000
Initial Listing