Investment Opportunity in Pomona!
The gem of this property lies in its potential: the city has confirmed that it can accommodate up to 11 units.(buyer and buyer's agent to do their due diligence) A golden opportunity for anyone looking to capitalize on additional income production. With many properties on the block currently serving as duplexes and four-plexes, this location is perfect for future expansion. Discover a fantastic investment property 2 bed 2 bath 1191 sq ft home situated on a 7,367 sq ft lot. Priced significantly below market value at $550,000 this property is an exceptional deal for cash or conventional buyers looking to make their mark in a thriving area.
This charming two-bedroom home features a unique layout with two bathrooms. 1 Full bath (with it's own entrance) and a 1/4 bath convenient Jack and Jill powder room situated between the bedrooms. This cute cottage features indoor laundry that comes with a washer and dryer. Pantry off the well lighted kitchen, formal Livingroom and separate dining room. There is also a large porch from the front to the side of the home. The property requires some cosmetic updates to unlock its full potential, it promises a wealth of opportunities for the savvy investor.
Surrounding this residence, you’ll find a serene setting adorned with fruit trees—including avocado, lemon, guava and orange trees—offering a peaceful escape right in your backyard which has an entrance from the back.
Location is Key! This property is conveniently situated near a variety of amenities:
Dining and Shopping: Explore a vibrant selection of restaurants and shops in downtown Pomona and nearby Pasadena.
Entertainment: Enjoy family fun at Raging Waters and hit the art scene at the Pomona Arts District.
Education: Close proximity to quality schools and colleges, including **California State Polytechnic University, Pomona.**
Parks and Recreation: Numerous parks and recreational areas are nearby, such as Ganesha Park and Frank G. Bonelli Regional Park, which offer outdoor activities for all ages.
Transportation: Easy access to major highways (I-10, I-57) and public transportation options make commuting a breeze.
In addition to its appealing location, the property includes a detached garage, which can easily be converted into an Accessory Dwelling Unit (ADU), providing even more rental income potential.
Sold for $550,000 on 11/19/24
Listing Provided by:
Fatasha Cummings DRE #01722625 661-406-2580,
HomeSmart Key Realty
Bought with: Century 21 Masters
$550,000
953 W 3rd St, Pomona, CA 91766
2beds
1,191sqft
Single Family Residence
Built in 1901
7,367 Square Feet Lot
$541,000 Zestimate®
$462/sqft
$2,921 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 09:15pm
Listing Provided by:
Fatasha Cummings DRE #01722625 661-406-2580,
HomeSmart Key Realty
Bought with:
Lilian Lopez, DRE #01429481
Century 21 Masters
Source: CRMLS,MLS#: SR24206762
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Washer
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 1,191 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: 3
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,367 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 8342005015
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Gutter(s), Park, Street Lights, Water Sports
Location
- Region: Pomona
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$541,000