1072 W Wilson St 10 Unit Apartment Building $2,300,000 ($230,000/Unit) 5.13% Cap Rate Pomona, CA 91768

This well-located asset sits in the heart of Pomona, minutes from the retail corridor along Foothill Boulevard and Garey Avenue, providing tenants with convenient access to destinations like Target, Costco, CVS, and Starbucks. Its central positioning also places residents within a short distance of the Downtown Pomona Metrolink Station, connecting directly to Los Angeles Union Station, as well as the city's growing Arts District, the historic restored Fox Theater, and the Pomona Fairplex, home to the Los Angeles County Fair. Cal Poly Pomona and Western University of Health Sciences anchor the area's strong educational profile, drawing a steady stream of faculty, staff, and graduate renters to the submarket.
1072 W Wilson Street is a 10-unit multifamily property spanning a ±17,442 SF parcel with ±8,104 SF of gross rentable area, featuring a preferred unit mix of four 1-bedroom/1-bathroom and six 2-bedroom/1-bathroom units, averaging 810 SF each. The property currently operates at a 5.13% cap rate, with nearly 18% rental upside available to investors who continue executing the seller's proven renovation program, bringing the pro forma cap rate to 6.56%. Built in 1955 and comprising three buildings across two stories, the asset sits on a generously sized lot with ample outdoor space and strong curb appeal.
Further enhancing the investment profile, the property features mature landscaping, a spacious courtyard, secured gated access, an on-site laundry facility, and 10 enclosed garages available for parking or storage — a highly desirable amenity in this submarket. Several units have already been completely renovated with new flooring, kitchens, and bathrooms, and all homes are equipped with oven ranges, tub/shower combinations, and wall AC and heating. New exterior painting and meaningful capital improvements have been completed within the past few years, demonstrating an active and well-maintained asset.
1072 W Wilson Street represents the ideal opportunity for an investor to step into the driver's seat and immediately continue rolling out a successfully proven value-add program in one of LA County's most consistent rental markets. Pomona's position at the crossroads of Los Angeles County and the Inland Empire attracts a diverse renter pool — from young professionals and university-affiliated tenants to working families — providing long-term demand stability. This property offers a compelling entry point for a first-time purchaser, a seasoned investor looking to grow their portfolio, or a 1031 exchange buyer seeking a fundamentally strong San Gabriel Valley asset.