702 N Garey, Pomona, CA 91767
702 N Garey, Pomona, CA 91767
702 N Garey, Pomona, CA 91767
702 N Garey, Pomona, CA 91767
702 N Garey, Pomona, CA 91767
702 N Garey, Pomona, CA 91767
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John Dandoy

John Dandoy

+1(909) 224-1278
$ 2,180,000
Est. payment | /mo

0.28 Acres Lot

Save
$ 2,180,000
Est. payment | /mo
Save

0.28 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26128348

HOA Y/N No

Year Built 1948

Lot Size 0.283 Acres

Property Sub-Type Mixed Use

Property Description

A rare opportunity to own an 11-unit mixed-use income property in Pomona consisting of 8 apartment units and 3 commercial units situated on two adjacent parcels totaling approximately 12,335 SF. The property features a strong rental history with long-term tenants and includes a newly constructed unit ready for lease-up. Based on the owner's provided financial information, the property offers an estimated 5% capitalization rate; buyers are advised to independently verify all income, expenses, and financial information. Additionally, the existing carport may offer the potential to be converted into two Accessory Dwelling Units (ADUs), subject to City approvals and applicable regulations, creating further value-add opportunities. The site may also offer the potential to develop up to 23 units (buyer to verify with the City of Pomona regarding zoning, density, and development requirements). Ideal for investors, developers, and owner-users looking to benefit from existing income with future growth potential.

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Fireplace No

Laundry None

Exterior

Carport Spaces 4

Pool None

Community Features Mountainous, Street Lights

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8336008014

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by JOYCE LEE GLOBAL INV. GRP.,INC. 626-354-2666, DRE #01899024

Nearby Locations

John Dandoy

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 224-1278

jrdandoy@gmail.com

101 N Indian Hill Blvd STE C1-208, Claremont, CA 91711, USA

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702 N Garey