This property is Off-Market
1302 Kingsley ave
Pomona, CA 91767 ·
95 Units · Multifamily For Sale
|Price||N/A||Construction Status||Under Construction/Proposed|
|Building Size||77,250 SF||Cap Rate||6.14%|
|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|
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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