Welcome to this incredible duplex property with endless potential for expansion and increased value! Situated on a spacious lot in the heart of Pomona, this property offers the unique opportunity to subdivide the land and build two additional units on each parcel, resulting in a total of four units.
The existing duplex boasts two well-maintained and spacious units, featuring a Three Bedrooms, One Bathroom, and a Two Bedroom, One Bathroom. Both units have long time renters that would prefer to stay if possible.
With the potential to build two additional units on each subdivided parcel, this property presents an exceptional investment opportunity. By expanding the property, you can significantly increase rental income and property value. Imagine the potential for substantial monthly cash flow and long-term appreciation!
The expansive lot offers plenty of space for outdoor activities, gardening, or even the addition of amenities such as a communal patio or BBQ area. The property is conveniently located in a desirable neighborhood, close to schools, parks, shopping centers, and major transportation routes, ensuring easy access to all amenities.
Investors and developers will appreciate the flexibility and potential this property offers. Whether you choose to subdivide and build additional units or simply enjoy the existing duplex, the upside in rents and property value is undeniable.
Don't miss out on this incredible opportunity to own a duplex with the potential for expansion and increased returns. Schedule a showing today and explore the possibilities that await you in this remarkable property!
Sold for $715,000 on 09/28/23
Listing Provided by:
BENJAMIN PEREZ DRE #01750571 951-741-6421,
CENTURY 21 PRIMETIME REALTORS
Bought with: Universal Property Brokers
$715,000
812 S Towne Ave, Pomona, CA 91766
5beds
2baths
1,836sqft
Duplex
Built in 1947
-- sqft lot
$778,300 Zestimate®
$389/sqft
$2,744 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 28, 2023 at 04:45pm
Listing Provided by:
BENJAMIN PEREZ DRE #01750571 951-741-6421,
CENTURY 21 PRIMETIME REALTORS
Bought with:
Jorge Jara, DRE #01204137
Universal Property Brokers
Source: CRMLS,MLS#: IV23146797
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Appliances
- Laundry: See Remarks
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,836
- Total interior livable area: 1,836 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
Lot
- Size: 0.30 Acres
Details
- Parcel number: 8333003030
- Zoning: POR31000*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Pomona
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
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Estimated market value
$778,300