724 W 2nd Street, Pomona, CA 91766

Local realty services provided by:ERA North Orange County Real Estate
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724 W 2nd Street,Pomona, CA 91766
$860,000
  • 7 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:han chen
Office:growth investment group pasade
MLS#:AR25133133
Source:SANDICOR

Price summary

  • Price:$860,000

About this home

A strategically located Duplex with significant Value-Add Opportunity and 100% VACANT! Offered at attractive over 7% CAP Rate (proforma 100% vacant - buyer to verify), this offering provides a good 10% Cash-on-cash return with a low down payment on a 30-year fixed mortgage (proforma 100% vacant) buyer to verify. It is 100% and may be delivered vacant (depending on COE Date). The property is strategically located on 2nd St which is a walking distance from Downtown Pomona and less than 10 minutes to CAL POLY POMONA. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1902 and consists of 2 units. The ground floor unit is a large 4bedroom + 1 communal bathroom (3 shower stalls, and 2 toilets). It is being operated as a student housing but could easily be

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Home facts

  • Listing Id #:AR25133133
  • Added:65 day(s) ago
  • Updated:August 18, 2025 at 02:48 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:2

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$860,000
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