16
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$1,748,000
Est. payment /mo
9,198 Sqft Lot
Active
455 N Hamilton BLD Pomona, CA 91768
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25055825
Originating Board California Regional MLS
Year Built 1947
Lot Size 9,198 Sqft
Property Description
A high-cashflow and high-return 9-unit Value-Add Opportunity in the East San Gabriel Valley area. Offered at extremely high ±7.62% Current CAP (buyer to verify) and low 8.46x GRM, this offering provides a whopping ±9.95% Cash-on-cash return (on a 65% LTV and ±6.5% interest rates - buyer to verify) which arguably is one of the best cashflow deal in a primary submarket in LA County. The property is strategically located on Hamilton Blvd crossing Holt Ave which is a major commercial street in the area. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Cal Poly Pomona, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1947 and is a combination of 3 buildings; the front building is a 2-story building and has 5 units, and the back 2 buildings are single-story building with 2 units/building. It has a total of 2,632 SF living area and is sitting on a large ±9,195 SF C4 zone. It offers a good unit mix of one 2bed+1bath, seven large studios, and one small studio. All units have been upgraded with new flooring, a new kitchen, and a new bathroom (buyer to verify). All units are market rate units; however, most of them are rente
Location
State CA
County Los Angeles
Area 687 - Pomona
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry None
Exterior
Parking Features Assigned Spaces
Garage Spaces 7.0
Pool 31, None
View None
Roof Type Flat / Low Pitch,Shingle
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 8348009002
Special Listing Condition Not Applicable
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Listed by Han Chen • Growth Investment Group Pasade