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602 Karesh Ave 6 Unit Apartment Building $1,320,000 ($220,000/Unit) 5.41% Cap Rate Pomona, CA 91767
Investment Highlights
- 100% Fully Occupied .
- Gross Income Per Year $ 102,420
- Potential To Increase The Rental .
- Net Income Per Year $ 71,421
Executive Summary
Great opportunity for investor . All 6 unit 100% fully occupied . Nice building with upside potential in the rents . Property 7 minute drive distance to the
Western Univrersity of Health Sciences and American Museum of Ceramic Art and 16 minute drive distance to the Cal Poly University of Pomona. Good location .
Property all 6 unit are one bed room and one bathroom built in year 1960 . Building square feet : 3,838 . Lot size : 6,987 square feet . Gross income per year is
$ 101,940 and net income per year is $ 70,941. Threr is laundry room and current owner owns the equipment which provides additional income .
Western Univrersity of Health Sciences and American Museum of Ceramic Art and 16 minute drive distance to the Cal Poly University of Pomona. Good location .
Property all 6 unit are one bed room and one bathroom built in year 1960 . Building square feet : 3,838 . Lot size : 6,987 square feet . Gross income per year is
$ 101,940 and net income per year is $ 70,941. Threr is laundry room and current owner owns the equipment which provides additional income .
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,320,000 | Building Class | C |
| Price Per Unit | $220,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,838 SF |
| Cap Rate | 5.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.95 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | POR301 - Multiple dwelling | ||
| Price | $1,320,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | POR301 - Multiple dwelling |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,510 | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 8323-029-001 | Improvements Assessment | $424,483 (2025) |
| Land Assessment | $636,724 (2025) | Total Assessment | $1,061,207 (2025) |
Property Taxes
Parcel Number
8323-029-001
Land Assessment
$636,724 (2025)
Improvements Assessment
$424,483 (2025)
Total Assessment
$1,061,207 (2025)
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602 Karesh Ave
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