988 S Garey, Pomona, CA 91766
988 S Garey, Pomona, CA 91766
988 S Garey, Pomona, CA 91766
988 S Garey, Pomona, CA 91766
988 S Garey, Pomona, CA 91766
988 S Garey, Pomona, CA 91766
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Karla Mexia, MBA

Karla Mexia, MBA

+1(619) 419-6619
$ 880,000
Est. payment | /mo

8 Beds

6 Baths

3,121 SqFt

Save
$ 880,000
Est. payment | /mo
Save

8 Beds

6 Baths

3,121 SqFt

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,121 sqft

Price per Sqft $281

MLS Listing ID TR26125762

Bedrooms 8

Full Baths 6

Year Built 1902

Lot Size 6,763 Sqft

Property Sub-Type All Other Attached

Property Description

Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history: 988 N Garey Ave: Spacious 3 Bed / 2 Bath 990 N Garey Ave: Desirable 2 Bed / 2 Bath 155 E Alvarado St: Comfortable 2 Bed / 1 Bath 153 E Alvarado St: Cozy 1 Bed / 1 Bath Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses. An Investors Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gatea rare find in today's Southern California market! Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools. Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-mainten

Location

State CA

County Los Angeles

Direction Garey and mission blvd

Interior

Interior Features 2 Staircases

Cooling Electric, Energy Star

Fireplace No

Exterior

Garage Spaces 8.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 8

Building

Story 4

Sewer Public Sewer

Water Public

Level or Stories 4

Others

Senior Community No

Tax ID 8333017014

Acceptable Financing Exchange

Listing Terms Exchange

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by YingYing Zhang, DRE#02023473 Coldwell Banker Envision 

Nearby Locations

Karla Mexia, MBA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 419-6619

karla@neighborhoodrealtor.net

2802 B st, San Diego, California, 92102, USA

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988 S Garey