Duplex/Student Housing near CAL POLY POMONA & Downtown Pomona, Over 6% CAP
Address:
724 W 2nd St
Pomona, CA 91766
Price:
$810,000
Status:
Available
Type:
Apartment
# Units:
2
Year Built:
1902
Building Size:
2,978 SF
Lot Size:
7,802 SF
CAP Rate:
6.20%
GRM:
11.07x
Price/Unit:
$405,000
Price/SqFt:
$272
INVESTMENT HIGHLIGHTS
- Over 6% CAP Rate on a Duplex/Student Housing, Low Down-payment with 30-year fixed financing
- Perfect for Owner-User or Investor – flexibility as a regular apartment or Student Housing
- Good location in a high rental demand area and minutes away from Cal Poly Pomona and Fairplex Pomona
- Walk Score 91
- Transit friendly location with superb access to FWY 10, and minutes from FWY 71 and FWY 57
PROPERTY HIGHLIGHTS
- Well-maintained Duplex (2-unit)/Student Housing in a good transit-oriented location
- The main unit is a fully upgraded large 4bed+1bath unit with modern updates
- Large lot size ±7,802 SF on a high-density C3 zoning; Perfect for ADUS
- Walking distance to Downtown Pomona, and minutes away from CAL POLY POMONA, Pomona Fairplex, Claremont Downtown, Raging Waters, Bonelli Park area, etc.
- Easy to manage and to rent apartment building