Property listed by Coldwell Banker Envision, YingYing Zhang 626-500-8100
988 S Garey
Pomona, CA 91766
Beds
8
Baths
6
Square Ft.
3,121
$880,000
Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history:
988 N Garey Ave: Spacious 3 Bed / 2 Bath
990 N Garey Ave: Desirable 2 Bed / 2 Bath
155 E Alvarado St: Comfortable 2 Bed… Read More / 1 Bath
153 E Alvarado St: Cozy 1 Bed / 1 Bath
Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses.
An Investor’s Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market!
Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools.
Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today! Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
6
Square Ft.
3,121
Lot Size
0.16 Acres
Year Built
1902
MLS Number
TR26125762
Additional Details
Building
Built in 1902, Living area: 3121.0, Living area units: SquareFeet, 4 stories, Levels: Two, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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