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$ 6,400,000
Est. payment /mo
Active
530 Curran Place Pomona, CA 91766
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25185110
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
OVER 6% CAP RATE - 530578 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 6.01% 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 automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded t
Location
State CA
County Los Angeles
Zoning Assessor
Direction south of Mission Blvd, west of Dudley St.
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Community/Common, Private
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8349004027
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10498
Listed by Handoko Chen Growth Investment Group Pasade
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