43
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$6,400,000
Est. payment /mo
3 Beds
2 Baths
New
530 Curran Place Pomona, CA 91766
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25185110
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
530578 Curran Place & 1584 W Mission Blvd, Pomona a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 5.67% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor. The property consists of 2 lots (530 Curran Pl 24 units, and 1584 W Mission Blvd 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner. The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded to security lighting
Location
State CA
County Los Angeles
Zoning Assessor
Direction south of Mission Blvd, west of Dudley St.
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Community/Common, Private
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8349004027
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10498
Listed by Handoko Chen Growth Investment Group Pasade