475 E Foothill Boulevard

Pomona, CA 91767

  • 0 Bed(s)
  • 0 Bath(s)
  • 22,686 Sqft
  • 44866
    Sqft(Lot)
$7,800,000

Description

A rare opportunity to acquire a value-add 60-unit extended stay property being operated as a multifamily community in pomona, california. foothill suites is located in the northernmost section of pomona, which anchors the eastern end of los angeles county. this serves as a gateway city to the powerful los angeles employment base and the inland empire, a region with a population of approximately four million people. the city is surrounded by vibrant and affluent communities like la verne to the west and claremont to the east, and the submarket is known as a powerhouse of higher learning institutions. it is conveniently situated just 2 miles from the prestigious claremont colleges, including claremont mckenna college, pomona

college, scripps college, harvey mudd college, and pitzer college. additionally, foothill suites is a short car ride away from other prominent educational institutions such as cal poly pomona, university of la verne, and western university of health sciences.



comprising 36 studios and 24 one-bedroom units, the property is designed to cater to the diverse housing needs of its residents. foothill suites offer convenience and amenities such as a swimming pool, controlled access for enhanced security, on-site laundry facility, and sixty open space parking spaces, ensuring practicality for residents. the building features a manager's office and is master metered for all utilities. the city of pomona has rent control, buyer to verify.



presently, the property’s vacancy rate is 20%, and the current pomona sub-market vacancy rate is 3.45%. this delta of 16.55% vacancy upside through active management gives the new investor a substantial upside in rental income. in addition, foothill suites would greatly benefit from implementing the ratio utility billing system (rubs), this would add a sizable increase directly to the net operating income of the building.

given the property’s upside potential, desirable location, and connectivity between major employment centers in los angeles and the inland empire, foothill suites is poised to deliver meaningful returns and appreciation to investors over the next hold period.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50164713

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1969
    • Building Area Total: 22,686

    Pool Features

    • Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.03
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 44866

  • Listing Price Information

    • Original List Price: 7,800,000
    • Listing Contract Date: 2025-06-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8304014014

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 687 - Pomona
    • Postal Code Plus 4: 1217
    • Directions: I-10, Exit Towne Ave, Right on Towne to Foothill Blvd, Left on Foothill, Building Located on The Right
    • Zoning: POC4*
    • Source Property Type: Residential Income
    • Area: 687 - Pomona
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 56
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Drive By
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/23/2025 @ 23:21

  • MLS: CV25132036
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 22,686 sqft, 44,866 sized lot, and 0 parking. are nearby neighborhoods.