816 Weber Street, Pomona, CA 91768
Property
Sold November 2023
Listing Agent: Kristopher German (DRE #01800021) · Listing Office: RE/MAX 2000 REALTY · Contact: 909-645-0443 · Bought with: Eduardo Morales · Amberwood Real Estate, Inc. · MLS #CV23174392 · Source: CRMLS
About this property
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
Listing description from the November 2023 sale, as reported to CRMLS.
Sale history