816 Weber Street, Pomona, California 91768
  • $1,425,000

Overview

Property ID: CV23174392
  • Apartment, Residential Income
  • Property Type
  • 10.0
  • Garages
  • 5633 Sqft
  • Area Size
  • 1984
  • Year Built

Description

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.

  • Address: 816 Weber Street
  • City: Pomona
  • State/county: CA
  • Zip/Postal Code: 91768
  • Country: US

Details

Updated on November 1, 2023 at 6:34 pm
  • Property ID CV23174392
  • Price $1,425,000
  • Property Size 5633 Sqft
  • Land Area 0.4398 Acres
  • Garages 10.0
  • Year Built 1984
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, Owner May Carry
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Curbs, Gutter(s), Sidewalks

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