914 N Palomares Street, Pomona, California 91767, Pomona, 91767 - bed, bath

914 N Palomares Street, Pomona, California 91767 home-pic-0
ACTIVE$965,000
914 N Palomares Street, Pomona, California 91767
0Bed
0Bath
2,204Sqft
4,418Lot
Year Built
1964
Close
-
List price
$965K
Original List price
$965K
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
CV25016739
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $965.0K(89th), sqft - 2204(78th), beds - undefined(50th), baths - undefined(50th).

Welcome to Lincoln Park! This beautiful historic area of Pomona has an investment opportunity of 1 four unit building. Freshly painted trim makes this building look nice and clean! Units have been well kept and upgraded as they came vacant. Front house is a 2/1 with a large living room & drought tolerant landscaping in front yard. 916 & 918 are 1 bedroom upstairs units with newer flooring and granite countertops. 920 is a studio, that with improvement, could be rented to match pro forma income numbers. Currently 914 & 916 pay RUBS of $114 per month to compensate for water, gas & trash. Tenants pay their own electricity. All occupied units have wall/window ACs and wall heaters. Garden area in back for shared usage. Three carport spaces. Area is close to colleges, transportation and surrounded by tree-lined streets & park.

Condition Rating
Fair

The property was built in 1964. While the description mentions upgrades as units became vacant, the images show a mix of older and newer elements. Some units have granite countertops and newer flooring, but the overall style and appliances appear dated. The bathrooms are basic. The property seems maintained but not recently fully renovated, fitting the 'Fair' condition.
Pros & Cons

Pros

Investment Opportunity: The property is a four-unit building, providing a strong investment opportunity in the Lincoln Park area of Pomona.
Upgraded Units: Units have been well-kept and upgraded as they became vacant, including newer flooring and granite countertops in some units.
Desirable Location: Located in a historic area close to colleges, transportation, tree-lined streets, and a park, enhancing tenant appeal.

Cons

Studio Unit Condition: One unit (920) is a studio that requires improvement to reach its full rental income potential.
Limited Cooling: Units rely on wall/window ACs, which may not be as desirable as central air conditioning for some tenants.

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