Eric Chen
CB RICHARD ELLIS
909-418-2000
The property comprises of 15 units situated on two parcels that consist of 23,489 square feet lot of land. The property is positioned one block from Downtown Pomona between E 6th Street and E 7th Street and is within a short drive to the Fairplex, home of the annual LA County Fair and a multitude of international race car competitions and popular events. The property has been well maintained and many units have been upgraded. The property offers convenient access to nearby shops, grocery stores, eateries and municipal services. 631-639 S Locust Street features cottage-style single story duplexes and two story garden-style apartment units. The grounds are well-kept with mature and lush landscaping, individual yards, porches or patios, individual garages and an abundant amount of surface vehicle parking. The units feature fully-equipped kitchens with appliances, security screen doors, wall-to-wall carpet, wall air conditioning and heating. The property offers convenient access to the 71, 10, 57 and 60 Freeways connecting to all of Los Angeles County, as well as Riverside, San Bernardino and Orange counties. Neighboring cities include: Chino, Chino Hills, Claremont, San Dimas, La Verne and Ontario. Pomona provides a scenic atmosphere and is within a short distance to local landmarks, such as Downtown Pomona, Fox Theatre, Raging Waters, the Pomona Superior Court, Frank G. Bonelli Regional Park, California State Polytechnic University, the Downtown Pomona Metrolink Station and more. 631-639 S Locust Street in Pomona is an income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
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Water Source : Public
Sewer : Public Sewer
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1948
Building Area Total: 8,988
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.5392
Lot Size Source: Assessor
Lot Size Square Feet: 23489
Original List Price: 2,980,000
Listing Contract Date: 2024-02-06
Listing Agreement: Exclusive Right To Sell
Parcel Number: 8335025005
Garage Description: Garage
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 687 - Pomona
Postal Code Plus 4: 3314
Directions: Merge onto I-10 W, Exit Towne Ave, Turn Left onto N Towne Ave, Turn Right on E Mission Blvd, Turn Left onto S Locust Street
Zoning: POT3*
Source Property Type: Residential Income
Area: 687 - Pomona
Property SubType: Apartment
Property Age: 76
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: One,Two
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1367 S Towne Avenue, Pomona, CA,91766 | $3,098,000 | -- | -- | -- | 73801 Sqft |
2085 S Towne Avenue, Pomona, CA,91766 | $1,150,000 | -- | -- | -- | 26262 Sqft |
740 S Eleanor Street, Pomona, CA,91766 | $749,999 | 4 | 3 | 1,660 | 6426 Sqft |
1390 Prospect Drive, Pomona, CA,91766 | $2,550,000 | 6 | 2 | 1,455 | 128937.6 Sqft |
101 W Mission Boulevard.., Pomona, CA,91766 | $445,000 | 1 | 1 | 1,054 | -- |
1151 W Mission Boulevard, Pomona, CA,91766 | $469,000 | 1 | 1 | 576 | 5924 Sqft |
2325 Angela Street, Pomona, CA,91766 | $1,700,000 | -- | -- | 4,339 | 7160 Sqft |
1379 S Gibbs Street #3, Pomona, CA,91766 | $1,500,000 | 7 | 4 | 3,360 | 19858 Sqft |
1284 Prospect Drive, Pomona, CA,91766 | $875,000 | 3 | 2 | 2,478 | 13476 Sqft |
1461 S Park Avenue, Pomona, CA,91766 | $999,900 | 4 | 2 | 1,096 | 19551 Sqft |
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ByOwner last updated this listing 05/31/2024 @ 15:43
MLS: CV24026610
LISTED BY: ERIC CHEN, CB RICHARD ELLIS
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.