724 W 2nd Street

Pomona, CA 91766

  • 7 Bed(s)
  • 2 Bath(s)
  • 2,978 Sqft
  • 7802
    Sqft(Lot)
$860,000

Description

A strategically located duplex with significant value-add opportunity and 100% vacant! offered at attractive over ±7% cap rate (proforma – 100% vacant - buyer to verify), this offering provides a good ±10% cash-on-cash return with a low down payment on a 30-year fixed mortgage (proforma – 100% vacant) – buyer to verify. it is 100% and may be delivered vacant (depending on coe date). the property is strategically located on 2nd st which is a walking distance from downtown pomona and less than 10 minutes to cal poly pomona. this provides consistent and high demand for rental units due to its friendly transit location. the property is only minutes away from claremont colleges, pomona fairplex, claremont, san dimas, la verne and other well-known cities in east san gabriel valley.

the property was built in 1902 and consists of 2 units. the ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). it is being operated as a student housing but could easily be operated as a regular apartment unit or owner-user unit. the 2nd floor unit is a large 3bedroom+1bathroom unit (#b). the property has ±2,978sf living space and situated on a large 7,802 sf c3 zone lot. originally it was a 3-unit property where 2 units were combined to make the large 4-bedroom unit (buyer to verify). there are 3 separate electric meters, and electrical panels have been upgraded. it has a master meter for water and gas. the property has a large side and back yard and has alley access to the parking area in the back. there are 2 to 4 parking spaces in the back that are not being used. there are plenty of backyard spaces for savvy investor to build adus. savvy investors can also install coin operated washer/dryer in the 4bedroom unit to boost the cash flow.

the 4-bedroom unit has been fully upgraded with modern upgrades and consists of 4 student housing bedrooms, the 1st bedroom is a large bedroom that can easily house 2 students and has 3 separate closets. the 2nd bedroom is a large bedroom that should generate slightly higher rent. the 3rd and 4th bedrooms are standard sized bedrooms. the bathroom for this unit is a communal bathroom with double bathroom sinks, 3 shower stalls and 2 toilet aeras. the kitchen has been fully upgraded with new kitchen cabinets and countertops.

the 2nd floor unit is a spacious 3bedroom and 1 bathroom. it has just become vacant, and it is perfect for a new tenant or an owner user.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50174004

Sell a home like this and save $51,101 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asbestos Shingle
    • Property Appliances: Gas Range,Refrigerator
    • Fireplace: Living Room

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1902
    • Building Area Total: 2,978
    • Roof: Asbestos Shingle

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Chain Link

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1791
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7802

  • Listing Price Information

    • Original List Price: 860,000
    • Listing Contract Date: 2025-06-13

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8342006011

  • Garage and Parking

    • Garage Description: Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 687 - Pomona
    • Postal Code Plus 4: 1517
    • Directions: east of white ave and west of Park ave, south of 1st ave
    • Zoning: POC3*
    • Source Property Type: Residential Income
    • Area: 687 - Pomona
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 123
    • Common Walls: 2+ Common Walls
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 06/23/2025 @ 23:55

  • MLS: AR25133133
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 2,978 sqft, 7,802 sized lot, and 0 parking. are nearby neighborhoods.