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Multifamily

1676 East Kingsley Avenue

1676 E Kingsley Ave, Pomona, CA 91767

Listing Price: $2,500,000

Cap Rate
3.61%
Number of Units
10
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$226.65
Gross SF
11,030

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1676 E. Kingsley Avenue, a 10-unit multifamily investment property located in Pomona, California. Built in 1957, the property sits on 0.27 acre and has a building size of approximately 11,030 square feet. The building consists of (4) one-bedroom/one-bathroom and (6) two-bedroom/one-bathroom units. The property features carport parking, on-site laundry room, updated electrical panels, and re-pipped copper and/or plex plumbing. The roof has been replaced approximately 15 years ago. Majority of the units have been updated. All units are individually metered for gas and electricity, and they have individual hot water heaters. The apartment has an attractive rental location in the busy city of Pomona and is ideally situated in between the Interstate 10 and the State Route 60 freeway. The property is within walkable distance to Downtown Pomona where its resident can enjoy entertainment, dining, and shopping. Along with its central location, the city is well served by the Foothill Transit and the Omnitrans Bus Lines, which can take commuters to Ontario International Airport. The City of Pomona is well known for its history and was given the name of “Queen of the Citrus Belt”. The city features several historical buildings and recreations, including the Art Deco Pomona Fox Theater, the Rancho Santa Ana Botanic Garden, and the Millikan Planetarium. Pomona is also home to Cal Poly Pomona, Western University of Health Sciences, and Claremont Colleges.

Investment Highlights

  • Seller Financing
  • 17% Rental Upside
  • First Time on Market in nearly 35 Years
  • Updated Unit Electrical Panels
  • Copper/Plex Re-pipe
  • Individually Metered Gas, Electricity, and Individual hot water heater

Exclusively Listed By

Multifamily

1676 East Kingsley Avenue

Listing Price: $2,500,000

Cap Rate
3.61%
Number of Units
10
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$226.65
Gross SF
11,030

Investment Highlights

  • Seller Financing
  • 17% Rental Upside
  • First Time on Market in nearly 35 Years
  • Updated Unit Electrical Panels
  • Copper/Plex Re-pipe
  • Individually Metered Gas, Electricity, and Individual hot water heater

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1676 E. Kingsley Avenue, a 10-unit multifamily investment property located in Pomona, California. Built in 1957, the property sits on 0.27 acre and has a building size of approximately 11,030 square feet. The building consists of (4) one-bedroom/one-bathroom and (6) two-bedroom/one-bathroom units. The property features carport parking, on-site laundry room, updated electrical panels, and re-pipped copper and/or plex plumbing. The roof has been replaced approximately 15 years ago. Majority of the units have been updated. All units are individually metered for gas and electricity, and they have individual hot water heaters. The apartment has an attractive rental location in the busy city of Pomona and is ideally situated in between the Interstate 10 and the State Route 60 freeway. The property is within walkable distance to Downtown Pomona where its resident can enjoy entertainment, dining, and shopping. Along with its central location, the city is well served by the Foothill Transit and the Omnitrans Bus Lines, which can take commuters to Ontario International Airport. The City of Pomona is well known for its history and was given the name of “Queen of the Citrus Belt”. The city features several historical buildings and recreations, including the Art Deco Pomona Fox Theater, the Rancho Santa Ana Botanic Garden, and the Millikan Planetarium. Pomona is also home to Cal Poly Pomona, Western University of Health Sciences, and Claremont Colleges.

Exclusively Listed By

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