1051 E Pasadena Street, Pomona, California
1051 E Pasadena Street, Pomona, California 91767 - This three unit residential income property sits on a sizable lot. All the tenants are on month-to-month leases but have been living there for many years. Tax Assessor shows 1794 sf but the actual sf is higher (approximately 2800). Rents are currently $3000 per month on a monthly basis but will move up to $3200 in July 2017. All units have washer/dryer hook-ups. Plumbing was upgraded to PEX and copper last year. Unit composition is two 1/1, and one 3/1. The 3/1 is a non-conforming unit where the garages were converted to two extra bedrooms by a previous owner. Conveniently located to many retail amenities on Holt Ave. With the current in-place income and listed price, capitalization rate is over 6%.
Listing Courtesy of Robert Ip~Legacy Realty & Invest. Co.