1578 Garey Avenue S

    Pomona, CA 91766
    • $899,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: SB18215214
    UPDATED: 63 min ago
    $899,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,612
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    4 Unit Multifamily Investment Sale - The Oasis Apartments (4) 2 Bedroom/1 Bath units in the city of Pomona, Ca. This 1963 apartment building has 3,612 sqft and sits on a large 10,568 sqft R3 Zoned lot. This property comes with (4) Detached Garages - 1 per unit. Pomona, Ca has become very desirable for investors, as they continue to look for investments with higher yields outside the city of Los Angeles but still in Los Angeles county. Investor motivation is capturing strong cashflow while still banking on Southern California real estate appreciation. Also a great opportunity for an owner-occupied investment.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87186959

    1578 Garey Avenue S Pomona, CA 91766

    • Price: $899,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: SB18215214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,612
    SQFT
    $249
    $/SQFT
    1963
    Built
    Neighborhood:
    687 - Pomona
    County:
    Los Angeles
    Area:
    687 - Pomona
    Property Description
    4 Unit Multifamily Investment Sale - The Oasis Apartments (4) 2 Bedroom/1 Bath units in the city of Pomona, Ca. This 1963 apartment building has 3,612 sqft and sits on a large 10,568 sqft R3 Zoned lot. This property comes with (4) Detached Garages - 1 per unit. Pomona, Ca has become very desirable for investors, as they continue to look for investments with higher yields outside the city of Los Angeles but still in Los Angeles county. Investor motivation is capturing strong cashflow while still banking on Southern California real estate appreciation. Also a great opportunity for an owner-occupied investment.
    Exterior Features

    Garage Spaces 4.00 Lot Features Lot 10000-19999 SqftLot-Level/FlatYard Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Dryer IncludedIndividual RoomWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.10 Community Features CurbsSidewalksStorm DrainsStreet LightingUrban Country Us Elevation Units Feet Gross Income 72000.00 Gross Multiplier 13.10 Gross Scheduled Income 72000.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 58000.00 New Construction YN No New Taxes Expense 11500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 18000.00 Rent Control YN No Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Total Expenses 18000.00 Trash Expense 1200.00 Water Sewer Expense 1400.00 Water Source Shared Well

    Listing provided courtesy of Babak Tabarsi of The Realestate Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. 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. Licensed in the State of California, USA.
     
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