This Multifamily Property is Off-Market.

1302 Kingsley ave
Pomona, CA 91767 ·

95 Units · Multifamily For Sale

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Pomona Grove

Price N/A Construction Status Under Construction/Proposed
No. Units 95 Distressed Yes
Building Size 77,250 SF Cap Rate 6.14%
Property Type Multifamily Occupancy 81%
Property Sub-type Garden/Low-Rise Lot Size 3.10 SF
Property Use Type Investment
Listing ID: 16704152 Date Created: 05/28/2010 Last Updated: 09/27/2010

Description

REO PRICE -- REDUCED $250,000 FOR IMMEDIATE SELL. At $70,000 per unit for San Gabriel Valley -a true value-add opportunity. 95 units located in the heart of Pomona. The property is comprised of 6 studios, 49-1/1, 21-2/1, 17-2/2, 2-3/2 -great mix. Each unit is indiviually metered for gas and electricity and has a GARAGE.

The Pomona Grove Apartments are located on the eastern edge of Los Angeles County and is boarded by Claremont, La Verne, Ontario and Montclair. Pomona is the fifth largest city in Los Angeles County, with numerous retail, employment and educational centers close by. An astute investor can capitalize on the upside of the building by bringing occupancy levels up and raising the rents to market levels.

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1302 Kingsley ave, Pomona, CA 91767 (Los Angeles County)

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