Investment Overview

Marcus & Millichap is pleased to present 920 W 3rd Street, a renovated four-unit bungalow property located in one of Pomona’s fastest-growing neighborhoods. Priced at $1,025,000, the asset offers both investors and owner-users a rare opportunity to acquire a charming 4-plex with approved plans for a 2-bedroom, 1-bath ADU delivered at the Close of Escrow, creating strong projected cash flow. Three of the four units will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, private yard areas, and a non-site storage room that may also be leased for additional income. The existing unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit totaling 1,950 square feet of rentable area. With the approved ADU, total rentable space will increase to 2,699 square feet on a 6,784-square-foot lot. The renovated bungalows offer private entries and comfortable separation between units, giving residents a single-family feel and supporting long-term tenancy. Delivered 75 percent vacant, the property provides investors with flexibility to lease units at market rents, generate strong day-one income, and option to immediately move forward with ADU construction through RTI plans. Based on projected rents, the asset is expected to operate at an impressive 6.60 percent cap rate prior to ADU construction and 7.25 percent afterward, with an approximate 10.32 GRM inclusive of estimated building costs. The location further strengthens the investment profile, situated minutes from Downtown Pomona’s Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, and the Metrolink Station, with direct access to the 10 and 71 freeways. These fundamentals position 920 W 3rd Street as an exceptional opportunity in a high-demand rental pocket offering both stable income and measurable upside. 920 W 3rd Street represents a rare chance to acquire a renovated, well-located 4 + 1 asset — four bungalow-style units plus one ADU with RTI plans delivered at Close of Escrow — offering favorable projected cash flow, tenant privacy, and meaningful value creation in one of Pomona’s most active rental markets.