Thank you
Eliyahu Appel
Marcus & Millichap
818-212-2700
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.
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Total Bedrooms : 5
Total Baths: 4
Full Baths: 0
Half Baths: 0
None
Air Conditioning
Forced Air
Has Heating
Year Built: 1938
Building Area Total: 2,536
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.138
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6010
Original List Price: 899,000
Listing Contract Date: 2024-04-02
Listing Agreement: Exclusive Right To Sell
Parcel Number: 8335017025
Garage Description: Covered
Lease Term: Negotiable
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
Property Age: 86
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2536
Levels or Stories: One
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 |
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.