920 W 3rd Street, Pomona, CA 91766
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
920 W 3rd Street,Pomona, CA 91766
$1,050,000
- 5 Beds
- 4 Baths
- 2,699 sq. ft.
- Multi-family
- Active
Listed by: oscar diaz
Office: marcus & millichap
MLS#:25622381
Source:CRMLS
Price summary
- Price:$1,050,000
- Price per sq. ft.:$389.03
About this home
920 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/1-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.42% cap rate before even factoring in the ADU. After construction, it projects a 7.08% cap rate and a 10.53 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.
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Home facts
- Year built:1938
- Listing ID #:25622381
- Added:2 day(s) ago
- Updated:November 27, 2025 at 01:32 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:2,699 sq. ft.
Structure and exterior
- Year built:1938
- Building area:2,699 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$389.03
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