A rare opportunity to acquire a value-add 60-unit extended stay property being operated as a multifamily community in Pomona, California. Foothill Suites is located in the northernmost section of Pomona, which anchors the eastern end of Los Angeles County. This serves as a gateway city to the powerful Los Angeles employment base and the Inland Empire, a region with a population of approximately four million people. The city is surrounded by vibrant and affluent communities like La Verne to the west and Claremont to the east, and the submarket is known as a powerhouse of higher learning institutions. It is conveniently situated just 2 miles from the prestigious Claremont Colleges, including Claremont McKenna College, Pomona
College, Scripps College, Harvey Mudd College, and Pitzer College. Additionally, Foothill Suites is a short car ride away from other prominent educational institutions such as Cal Poly Pomona, University of La Verne, and Western University of Health Sciences.
Comprising 36 studios and 24 one-bedroom units, the property is designed to cater to the diverse housing needs of its residents. Foothill Suites offer convenience and amenities such as a swimming pool, controlled access for enhanced security, on-site laundry facility, and sixty open space parking spaces, ensuring practicality for residents. The building features a manager's office and is master metered for all utilities. The City of Pomona has rent control, buyer to verify.
Presently, the property’s vacancy rate is 15%, and the current Pomona sub-market vacancy rate is 3.45%. This delta of 11.55% vacancy upside through active management gives the new investor a substantial upside in rental income. In addition, Foothill Suites would greatly benefit from implementing the Ratio Utility Billing System (RUBS), this would add a sizable increase directly to the net operating income of the building.
Given the property’s upside potential, desirable location, and connectivity between major employment centers in Los Angeles and the Inland Empire, Foothill Suites is poised to deliver meaningful returns and appreciation to investors over the next hold period.
For sale
Listing Provided by:
Douglas McCauley DRE #01155706 626-695-6776,
MARCUS & MILLICHAP,
David Covarrubias DRE #01941403,
MARCUS & MILLICHAP
Price cut: $450K (7/17)
$7,350,000
475 E Foothill Blvd, Pomona, CA 91767
24beds
60baths
22,686sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$7,000,500 Zestimate®
$324/sqft
$-- HOA
What's special
Swimming pool
- 58 days
- on Zillow |
- 338 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 03:39pm
Listing Provided by:
Douglas McCauley DRE #01155706 626-695-6776,
MARCUS & MILLICHAP,
David Covarrubias DRE #01941403,
MARCUS & MILLICHAP
Source: CRMLS,MLS#: CV25132036
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 60
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 22,686
- Total interior livable area: 22,686 sqft
Property
Parking
- Total spaces: 60
Features
- Levels: Two
- Stories: 2
- Entry location: Drive By
- Pool features: Community
Lot
- Size: 1.03 Acres
- Features: Lot Over 40000 Sqft
Details
- Parcel number: 8304014014
- Zoning: POC4*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Pool
Location
- Region: Pomona
Financial & listing details
- Price per square foot: $324/sqft
- Date on market: 6/12/2025
- Listing terms: Cash,Cash to New Loan
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