912 W 3rd Street, Pomona, CA 91766
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912 W 3rd Street, Pomona, CA 91766
912 W 3rd Street, Pomona, CA 91766
912 W 3rd Street, Pomona, CA 91766
912 W 3rd Street, Pomona, CA 91766
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$ 975,000
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912 W 3rd Street Pomona, CA 91766

5 Beds

2,699 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $361

MLS Listing ID CL26832815

Bedrooms 5

HOA Y/N No

Year Built 1938

Lot Size 6,786 Sqft

Acres 0.16

Property Sub-Type OTHER

Property Description

3 of 4 UNITS DELIVERED VACANT! 912 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/2-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 7.00% cap rate before even factoring in the ADU. After construction, it projects a 7.61% cap rate and a 9.90 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.

Location

State CA

County Los Angeles

Zoning POC3*

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 8342008002


Bridge MLS
Listed by Oscar Diaz • Marcus & Millichap
Coleen Ducut-Encarnacion
Coleen Ducut-Encarnacion

Realtor® CA DRE # 02223524

+1(415) 602-3294 | bayareahomemaven@gmail.com

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912 W 3rd Street