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The Downtowne Pomona Apartments 931 S Towne Ave 5 Unit Apartment Building $1,199,000 ($239,800/Unit) 5.34% Cap Rate Pomona, CA 91766
INVESTMENT HIGHLIGHTS
- - Property is found in the strategically located and rapidly growing Inland Empire Rental Market of Pomona, CA
- - Four (4) Total Garage Spaces and On-Site Laundry Available for Tenant Use
- - ADU Potential (Call Listing Agent for Specific Details)
- - 80% Single-Story Construction
- - Proximity to Downtown Pomona (1.0 Miles)
- - Centrally located near major transportations routes such as the 57, 60 and 10 Freeways
EXECUTIVE SUMMARY
We are pleased to present this value-add apartment community in the City of Pomona, CA.
Priced at a 5.34% Cap Rate with upside in rents, this offering presents significant ADU potential as well (call for more details). The property boasts an excellent unit mix as well, consisting of four (4) 1BD/1BA units, a large 2BD/1BA unit, and two (2) non-conforming studio spaces.
Priced at a 5.34% Cap Rate with upside in rents, this offering presents significant ADU potential as well (call for more details). The property boasts an excellent unit mix as well, consisting of four (4) 1BD/1BA units, a large 2BD/1BA unit, and two (2) non-conforming studio spaces.
PROPERTY FACTS
| Price | $1,199,000 | Apartment Style | Low-Rise |
| Price Per Unit | $239,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.34% | Building Size | 2,838 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | ||
| Zoning | POR31000 - Multifamily | ||
| Price | $1,199,000 |
| Price Per Unit | $239,800 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | POR31000 - Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,400 | 475 - 500 |
| 2+1 | 1 | $1,800 | 575 |
Walk Score®
Very Walkable (75)
MAP
ADDITIONAL PHOTOS
931 S Towne Ave, Pomona, CA- Aerial (3)
931 S Towne Ave, Pomona, CA AERIAL
Building Photo