
Pomona, California 91766
This High-Potential Investment Opportunity is a Multi-Family Asset listed at a List Price of $950,000, which aligns closely with the $953,961 Fair Market Value. Recently renovated with a Condition Rating of 2, the property features four separate living units, providing immediate rental income. With completed ADU plans and significant lot space, this property offers clear paths for forced appreciation. It is an ideal acquisition 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 |
|---|---|---|---|---|---|---|
★ 726 W Franklin Subject 6 bd · 4 ba · 2,431 sqft · $392 | $950,000* List Price | 6 | 4 | 2,431 | $392 | - |
A 998 Garnet Sold 4 bd · 3 ba · 1,723 sqft · $424 · 0.2 mi | $730,000 | 4 | 3 | 1,723 | $424 | 0.2 mi |
B 35 Rainbow Ridge Sold 4 bd · 3 ba · 2,020 sqft · $475 · 0.8 mi | $960,000 | 4 | 3 | 2,020 | $475 | 0.8 mi |
C 1281 Colony Drive Active 5 bd · 3 ba · 1,638 sqft · $427 · 0.6 mi | $699,000 List Price | 5 | 3 | 1,638 | $427 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive permitted renovation approximately two years ago, featuring fully modernized kitchens with stainless steel appliances, updated bathrooms, new flooring, and upgraded electrical and water systems, placing it well within the <5 year renovation window for mint condition.
The property is uniquely configured into four separate living spaces with private entrances, providing an immediate and versatile high-yield rental income stream.
Fully remodeled with permits just two years ago, the home features updated electrical panels, kitchens, bathrooms, and insulation, significantly reducing near-term capital expenditure.
The large 8,225 sq. ft. lot includes completed plans for a garage-to-ADU conversion and additional space for a second ADU, offering clear paths to increase property value and cash flow.
Classified as a Single Family Residence but operating as four units, the property may present challenges for traditional residential financing and appraisal valuations.
At a list price of $950,000, the property is positioned at the higher end of the Pomona market, requiring aggressive rental management to justify the initial investment.
Exceptional income-producing opportunity in a prime Pomona location! Conveniently situated just minutes from the 71 and 60 Freeways, this fully remodeled multi-family property offers easy access to shopping and dining. Set on a spacious 8,225 sq. ft. lot, the property features 6 bedrooms and 4 bathrooms with a versatile configuration currently offering four separate living spaces, each with private entrances. Room configurations include; Two 2-bedroom, 1-bath units with living rooms, One 1-bedroom, 1-bath unit with living room, One 1-bedroom, 1-bath unit. The entire property was comprehensively renovated with permits approximately two years ago and includes numerous upgrades, including: new flooring throughout, modernized kitchens and bathrooms, upgraded electrical panel, new water heater, new insulation and countless improvements throughout. The detached garage has completed plans for conversion into a 2-bedroom, 1-bath ADU, and the expansive backyard may provide the opportunity for an additional ADU, subject to city approval. This property presents a rare opportunity to maximize returns in a highly desirable location. Don't miss this unique income-generating property with significant future upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,431 | 1,351.422 |
| Lot Size | 8,225 | 7,011.222 |
| Price | $950.0K | $689.8K |
| Price per sq ft | $391 | $517 |
| Built year | 1963 | 1956 |
| HOA | $0 | $244 |
| Days on market | 17 | 59 |
Oct 7, 2026
$950,000
Initial Listing
Aug 22, 2024
$950,000
Public Record
Aug 2, 2023
$572,000
Public Record
Aug 6, 2002
$162,000
Public Record
Jul 18, 2000
$157,000
Public Record