• 631 Locust Street Pomona, CA 91766

  • $2,980,000
  • 0
    Bed(s)
  • 0
    Baths
  • 8,988
    Sq Ft
  • 23489
    Sqft
  • Listed By: ERIC CHEN, CB RICHARD ELLIS, DRE #01489184
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1948

Building Area Total: 8,988

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.5392

Lot Size Source: Assessor

Lot Size Square Feet: 23489

Listing Price Information

Original List Price: 2,980,000

Listing Contract Date: 2024-02-06

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8335025005

Garage and Parking

Garage Description: Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

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

Nearby Home Value

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.

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