895 E 9th, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$675,000$1,700/sqft
895 E 9th, Pomona, California 91766
0Bed
0Bath
1,700Sqft
6,636Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Stream: Property features two tenant-occupied units, providing instant rental income for the new owner.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1298.
Compared to the nearby listings
Price:$675.0K vs avg $749.0K ($-74,000)40%
Size:1,700 sqft vs avg 1,779 sqft40%
Price/sqft:$397 vs avg $43840%
More Insights
Built in 1946 (80 years old).
Condition: Despite being built in 1946, the interiors of both units show signs of significant and recent renovations, particularly in the kitchens and bathrooms. One unit features a modern kitchen with white shaker cabinets, new countertops, stainless steel appliances, new wood-look laminate flooring, recessed lighting, and a mini-split AC unit. The other unit also has updated kitchen cabinets and a clean, updated bathroom with a new tub. While one bathroom retains older parquet flooring and dated shower tiles, the overall impression of the living spaces is move-in ready with no immediate cosmetic renovations required. The exterior, however, appears older and less maintained, and the property's age (1946) suggests potential for aging underlying infrastructure, preventing an 'Excellent' rating. The description 'in good shape' aligns with a 'Good' condition.
Year Built
1946
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
CV26009748
Home ConditionGood
Features
View-
About this home
Two houses on a single lot. Both houses are tenant occupied. One house is 2 bed 1 bath, and the other is 1 bedroom 1 bath. Both houses are tenant occupied and in good shape.
D
Daryl Beans
Listing Agent
Price History
Date
Event
Price
03/15/22
Sold
$470,000
Condition Rating
Good
Despite being built in 1946, the interiors of both units show signs of significant and recent renovations, particularly in the kitchens and bathrooms. One unit features a modern kitchen with white shaker cabinets, new countertops, stainless steel appliances, new wood-look laminate flooring, recessed lighting, and a mini-split AC unit. The other unit also has updated kitchen cabinets and a clean, updated bathroom with a new tub. While one bathroom retains older parquet flooring and dated shower tiles, the overall impression of the living spaces is move-in ready with no immediate cosmetic renovations required. The exterior, however, appears older and less maintained, and the property's age (1946) suggests potential for aging underlying infrastructure, preventing an 'Excellent' rating. The description 'in good shape' aligns with a 'Good' condition.
Pros & Cons
Pros
Immediate Income Stream: Property features two tenant-occupied units, providing instant rental income for the new owner.
Multi-Unit Configuration: Two separate houses on one lot offer versatile investment opportunities, including potential for higher rental yield or owner-occupancy with supplemental income.
Good Property Condition: Described as 'in good shape,' suggesting a well-maintained property that may require fewer immediate repairs or renovations.
Established Tenancy: Existing tenants indicate a proven rental market and reduce the vacancy risk for an investor.
Duplex Zoning: Officially classified as a Residential Income property (Duplex), confirming its legal status and suitability for multi-unit investment.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1298.
Tenant Occupancy Constraints: Existing tenants may present challenges for buyers seeking immediate owner-occupancy, extensive renovations, or significant rent adjustments due to tenant rights.
Age of Construction: Built in 1946, the property may have aging infrastructure (plumbing, electrical, roof) that could lead to higher maintenance costs or require future capital improvements.
Recent Price Increase: The list price of $675,000 represents a substantial increase from its last sale at $470,000 in March 2022, necessitating thorough market analysis to validate current valuation.