Pomona, CA 91767,252 San Francisco Avenue
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Pomona, CA 91767,252 San Francisco Avenue
Pomona, CA 91767,252 San Francisco Avenue
Pomona, CA 91767,252 San Francisco Avenue
Pomona, CA 91767,252 San Francisco Avenue

$1,200,000

Est. payment /mo

$1,125,000

6.7%
Est.Price: ?

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252 San Francisco Avenue Pomona, CA 91767

6 Beds

4 Baths

7,864 Sqft Lot

SOLD DATE : 12/07/2023

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23214289

Bedrooms 6

Lot Size 7,864 Sqft

Property Description

PRIVATE SELLER FINANCING WITH 25% DOWN!!! We are pleased to exclusively for sale this 6 Unit multi-family residential property in the city of Pomona. Comprising six units with a mix of: two 2Bedroom/1Bathroom cottages, and four 1bedroom/1Bathroom units, this property is ideal for investors seeking a value-add project. Each unit is separately metered for gas and electricity, enhancing ease of management. The 5 on-site garage parking spaces offer additional potential for income through ADU conversions (buyer to confirm with the proper city authorities.) The financials are compelling with a current GRM of 13.19 and a cap rate of 5.19% with an additional 50% upside in Rental Income, indicating a solid investment with room for increased cash-flow and appreciation. The seller's financing terms are attractive: 25% down payment, interest-only payments at 7% rate, with the loan due and PAYABLE in 5 years. This is an excellent opportunity for investors looking to expand their portfolio with a property that offers significant upside potential in a desirable location.
PRIVATE SELLER FINANCING WITH 25% DOWN!!! We are pleased to exclusively for sale this 6 Unit multi-family residential property in the city of Pomona. Comprising six units with a mix of: two 2Bedroom/1Bathroom cottages, and four 1bedroom/1Bathroom units, this property is ideal for investors seeking a value-add project. Each unit is separately metered for gas and electricity, enhancing ease of management. The 5 on-site garage parking spaces offer additional potential for income through ADU conversions (buyer to confirm with the proper city authorities.) The financials are compelling with a current GRM of 13.19 and a cap rate of 5.19% with an additional 50% upside in Rental Income, indicating a solid investment with room for increased cash-flow and appreciation. The seller's financing terms are attractive: 25% down payment, interest-only payments at 7% rate, with the loan due and PAYABLE in 5 years. This is an excellent opportunity for investors looking to expand their portfolio with a property that offers significant upside potential in a desirable location.

Location

State CA

County Los Angeles

Area Pomona (91767)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Others

Monthly Total Fees $132

Acceptable Financing Cash, Seller May Carry

Space Rent $1,375

Listing Terms Cash, Seller May Carry

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San Diego Regional MLS (SDMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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