Kristopher German & Deepen Shah of The Apartment Dealer are pleased to exclusively offer for sale this excellent “fix and flip” opportunity located in the city of Pomona. The asset consists of (1) 2 Bedroom/1Bathroom, (4) 1 Bedroom/1 Bathroom, & (1) Studio apartment spread across 2 separate structures. The property is located in the Downtown Pomona District in proximity to the metro station, Western University, and restaurants/entertainment. This area of Pomona has seen a tremendous amount of increase in the rental market with respect to demand and rental rates. In its current condition, an investor can take advantage of an attractive $132K Price Per Unit with huge upside potential. The property is separately metered for gas and electricity which is rare to find in vintage assets of the like. Two of the six units will be delivered vacant upon the close of escrow allowing an investor to start renovation immediately. The subject property is in need of extensive rehab and repair which may consist of foundation work as well (buyer and buyer’s agent to do their own due diligence).
Updated on December 3, 2021 at 12:56 pm