285 W Center Street, Pomona, CA 91768
Property · 2 recorded sales since 2018
Sold March 2020
Listing Agent: DAVID COVARRUBIAS (DRE #01941403) · Listing Office: MARCUS & MILLICHAP · Contact: 909-456-3400 · Bought with: SEAN HWANGBO · REALTY ONE GROUP WEST · MLS #CV19284002 · Source: CRMLS
About this property
Proforma Cap Rate 6.11%! Located in an Opportunity Zone! We are pleased to present the opportunity to acquire 285 West Center Street, a 9-unit apartment building located in Pomona, California. The property is situated on a .17 acre corner lot and has a building size of 7,488 square feet. The building consists of (eight) one bedroom/one bathroom floorplans and (one) one bedroom/one and a half bathroom floorplans with an average size of approximately 625 square feet. Five of the units have been extensively renovated and feature new plank flooring, newly remodeled kitchens with new cabinets, quartz countertops, plumbing, electrical, tiled bathroom walls and flooring, new bathroom vanities and fixtures. The property features a fenced concrete paved parking area and a pitched roof. Select units feature front porches and all the units are individually metered for gas and electricity. Center Street Apartments are an excellent opportunity for an investor looking to acquire value-add assets in an outstanding location poised for continued growth.
Listing description from the March 2020 sale, as reported to CRMLS.
Sale history
