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Listed by Han Chen • Growth Investment Group Pasade
$6,400,000
Est. payment /mo
0.98 Acres Lot
Active
530 578 Curran PL Pomona, CA 91766
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25185110
Year Built 1962
Lot Size 0.984 Acres
Source California Regional MLS
Property Description
OVER 6% CAP RATE - 530-578 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 fe
Location
State CA
County Los Angeles
Area 687 - Pomona
Rooms
Kitchen Garbage Disposal, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces, Carport , Detached Garage, Other
Garage Spaces 30.0
Pool 31, Pool - Yes, Community Facility
View City Lights
Roof Type Shingle
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 8349004027
Special Listing Condition Not Applicable
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