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Listed by Handoko Chen • Growth Investment Group Pasade
$6,400,000
Est. payment /mo
22,712 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,712 sqft
Price per Sqft $281
MLS Listing ID CRAR25185110
HOA Y/N No
Year Built 1962
Lot Size 0.984 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
530–578 Curran Place & 1584 W Mission Blvd, Pomona — a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 5.67% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor. The property consists of 2 lots (530 Curran Pl – 24 units, and 1584 W Mission Blvd – 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units — all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner. The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with au
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl, Wood
Fireplace No
Laundry Common Area, Other
Exterior
View City Lights
Building
Lot Description Level, Other, Garden
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