• 996 E 4th Street Pomona, CA 91766

  • $899,000
  • 5
    Bed(s)
  • 0
    Baths
  • 2,536
    Sq Ft
  • 6010
    Sqft
  • Listed By: Eliyahu Appel, Marcus & Millichap, DRE #01918652
  • Source: CRMLS

PRICE ADJUSTMENT $26,000 We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The single cottage house features new double-paned windows, enhancing energy efciency and modernizing the unit's aesthetics. The two-bedroom unit boasts new kitchen cabinets and countertops, providing an updated and contemporary living space and new double-paned windows throughout. The property is strategically located just minutes away from Pomona Valley Hospital & Medical Center, a prominent medical facility in the area as well as the Montclair Hospital Medical Center and the Wester University of Health Sciences. The demand for housing near medical centers tends to remain strong, providing a steady pool of potential tenants and reducing vacancy risk for the property. Located just steps from the Historical Pomona Antique Row and major retailers like Costco, The Home Depot, Starbucks, 7-Eleven and many other entertainment and retail options adds to its appeal and marketability. Tenants residing in the area have easy access to unique shopping, dining, and cultural experiences offered by the antique district and other retailers. Overall, the property's location benets from its close proximity to both prominent medical facilities and a historic cultural and retail district, making it an attractive option for tenants seeking convenience, charm, and access to amenities. From an investment standpoint, this property offers solid returns. While the property has already undergone signicant upgrades, there is still opportunity for further value-add initiatives, such as enhancing landscaping, adding amenities, or implementing technology upgrades to attract higher-paying tenants. Overall, 996 East 4th Street represents a lucrative investment opportunity with its unique charm, recent upgrades, strategic location near prominent medical facilities and retail amenities, and potential for rental income and appreciation.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 5

Bathroom Information

Total Baths: 4

Full Baths: 0

Half Baths: 0

Cooling Features

None

Air Conditioning

Heating Source

Forced Air

Has Heating

Building Information

Year Built: 1938

Building Area Total: 2,536

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.138

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 6010

Listing Price Information

Original List Price: 899,000

Listing Contract Date: 2024-04-02

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8335017025

Garage and Parking

Garage Description: Covered

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 687 - Pomona

Postal Code Plus 4: 2123

Directions: North of Mission & east of Towne Ave

Zoning: POT3*

Source Property Type: Residential Income

Area: 687 - Pomona

Building and Construction

Property Age: 86

Year Built Source: Vendor Enhanced

Total Square Feet Living: 2536

Levels or Stories: One

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
1586 Meserve Street, Pomona, CA,91766 $819,000 4 3 1,730 5919 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

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ByOwner last updated this listing 05/20/2024 @ 02:50

MLS: 24375985
LISTED BY: Eliyahu Appel, Marcus & Millichap
SOURCE: CRMLS
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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