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Listing Details

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School Ratings & Info

Description

Buyers can live in 1 and rent out the other 2 units for a reduced mortgage! Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen, and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/117350497
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894 N Towne Avenue Pomona, CA 91767

  • Price: $798,000
  • Status: Active
  • Updated: 201 min ago
  • ID#: CV21106628
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1938
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
Buyers can live in 1 and rent out the other 2 units for a reduced mortgage! Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen, and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.
Exterior Features

Carport Spaces 0 Entry Level 1 Fencing Average ConditionChain LinkWood Foundation Details Raised Lot Features 2-5 Units/AcreBack YardCorner LotFront YardGardenNear ParkNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 3 Parking Features Door-SingleGarageGarage Faces Rear Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Shingle Spa Features None Spa YN No View Mountain(S)Neighborhood View YN Yes

Interior Features

Common Walls No Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring CarpetVinyl Interior Features Ceiling Fan(S) Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 4.68 Common Interest None Community Features CurbsGutter(S)MountainousStorm Drain(S)Street LightsSidewalksPark Current Financing None Electric Expense 0 Exclusions Tenants Personal items Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 45213 Insurance Expense 2000 Land Lease YN No Laundry Features Inside Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeFhaVa Loan Maintenance Expense 0 Net Operating Income 37481 New Construction YN No New Taxes Expense 10000 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 7731 Pest Control Expense 0 Pool Expense 0 Possession Negotiable Property Condition Repairs Cosmetic Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 2205 Water Source Public Zoning Por3*

Listing provided courtesy of Matthew Wong of Exp Realty Of California Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
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The DeBonis Team | Realty Masters & Associates
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Riverside CA, 92508