Historical Multifamily Sale Listing - Pomona Grove

Multifamily For Sale

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Pomona Grove

1302 Kingsley ave, Pomona, CA 91767

N/A

95 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
95
Building Size:
77,250 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Construction Status:
Under Construction/
Proposed
Distressed:
Yes
Cap Rate:
6.14%
Occupancy:
81%
Lot Size:
3.10 SF
Listing ID
16704152
Last Updated
over 1 year ago

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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Created 5/28/2010