996 E 4th Street
Pomona, CA, 91766 $ 899,000
Bedrooms5 Baths4.0 Sq 2,536 Monthly Estimate*
$ 5,975
Listed by Marcus & Millichap
for $899,000 with 5 bedrooms and 4 full baths. This 2,536 square foot home was built in 1938 on a lot size of 0.138.
PRICE ADJUSTMENT $26,000 We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The single cottage house features new double-paned windows, enhancing energy efciency and modernizing the unit's aesthetics. The two-bedroom unit boasts new kitchen cabinets and countertops, providing an updated and contemporary living space and new double-paned windows throughout. The property is strategically located just minutes away from Pomona Valley Hospital & Medical Center, a prominent medical facility in the area as well as the Montclair Hospital Medical Center and the Wester University of Health Sciences. The demand for housing near medical centers tends to remain strong, providing a steady pool of potential tenants and reducing vacancy risk for the property. Located just steps from the Historical Pomona Antique Row and major retailers like Costco, The Home Depot, Starbucks, 7-Eleven and many other entertainment and retail options adds to its appeal and marketability. Tenants residing in the area have easy access to unique shopping, dining, and cultural experiences offered by the antique district and other retailers. Overall, the property's location benets from its close proximity to both prominent medical facilities and a historic cultural and retail district, making it an attractive option for tenants seeking convenience, charm, and access to amenities. From an investment standpoint, this property offers solid returns. While the property has already undergone signicant upgrades, there is still opportunity for further value-add initiatives, such as enhancing landscaping, adding amenities, or implementing technology upgrades to attract higher-paying tenants. Overall, 996 East 4th Street represents a lucrative investment opportunity with its unique charm, recent upgrades, strategic location near prominent medical facilities and retail amenities, and potential for rental income and appreciation.
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FeaturesGeneralHeating ForcedAir
Cooling None
Zoning POT3*
Year Built 1938
Stories 1
Levels One
Gross Income 63120.0
County Los Angeles
Net Operating Income 36152.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Mission & east of Towne Ave
City Pomona
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 4
MLS Area 687 - Pomona
Lot Size Units SquareFeet
Lot Size Square Feet 6010.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 4th
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 52
Standard Status Active
Cap Rate 4.02
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ExteriorParking Features Covered
Total Parking 4.0
Lot Size Area 6010.0
Number of Buildings 3
Spa N
Building Area Total 2536.0
Street Suffix Street
Lot Size Acres 0.138
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 0
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 4
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,975
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Pomona, CA
Average List Price $1,117,137
Percent of Sale Price 24%
About Pomona, CA 154,854 Population
3% Since 2002
$ 52,342 Median Income
32.69 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/17/2024 | $899,000 | -2.81% | Price Down |
4/4/2024 | $925,000 | | Listed Price |