Est. cap rate

4.1%

Assumed rent, all units

$7,680/mo

Units

4

Price per unit

$280,000

Est. annual NOI

$46,080

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,500 sqft

Lot size

7,591 sqft

Year built

1981

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

25

MLS #

248756777

About this property

Excellent four-unit residential income property in Pomona with strong current rental income. The property is currently generating approximately $7,730 in total monthly rental income, or approximately $92,760 annually, providing four separate income streams. The two-story quadruplex offers approximately 3,500 square feet of total building area on a generous 7,591 square foot lot. All four units have been progressively updated and remodeled within the past five years, including newer flooring and kitchen cabinetry. The building’s roof was replaced within the past five years, and the entire exterior of the building was also repainted within the past five years. These recent improvements provide added value and reduce near-term capital improvement concerns. Each unit is assigned one covered parking space and one additional uncovered parking space, providing two parking spaces per unit. The property also features a convenient on-site laundry facility with coin-operated washers and dryers under a third-party laundry service arrangement. This well-maintained quadruplex offers strong existing rental income, four separate income streams, ample parking, and potential for future income growth. Conveniently located near shopping, restaurants, schools, transportation, and major freeways. Buyer to independently verify all property information, including square footage, unit configuration, permits, zoning, rental information, and other property details. The property is fully tenant occupied; interior showings are available only after acceptance of an offer and by appointment with advance notice to coordinate with all tenants.

Location

320 E Pearl

Pomona, Los Angeles, CA, 91767