351 N Main Street
Pomona, CA 91768
MLS #17219762

Income
  • 1units
  • 2,396sq ft
$579,000
Est. P&I payment: $2211.39/mo
351 N Main Street, Pomona, CA 91768
  • 351 N Main Street, Pomona, CA 91768 Photo 1
  • 351 N Main Street, Pomona, CA 91768 Photo 2
  • 351 N Main Street, Pomona, CA 91768 Photo 3
  • 351 N Main Street, Pomona, CA 91768 Photo 4
  • 351 N Main Street, Pomona, CA 91768 Photo 5
  • 351 N Main Street, Pomona, CA 91768 Photo 6
  • 351 N Main Street, Pomona, CA 91768 Photo 7
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Description for 351 N Main Street, Pomona, CA 91768
Pomona Student Housing-8.6% actual cap, seasoned student occupancy! WILTON HEIGHTS HISTORICAL DISTRICT STUDENT HOUSING! This student housing is comprised of 10 beds and 4 bathrooms located just a short distance from Cal Poly, DeVry University and Harvey Mudd College. There are group bathrooms - multiple toilets, sinks, and showers. The building square footage is 2,396 +/- and sits on a large 6,714 Sf +/- corner lot. The property is zoned CIND and was built in 1902. Many shops, restaurants, and night life can be found in close proximity to the property, as well as convenient access to the 10 and 57 freeways. This is a great opportunity to invest in one of Pomona's historical student housing areas!!! DO NOT DISTURB TENANTS!
MLS #17219762
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My Notes for MLS #17219762

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 1
  • Year Built: 1902
  • Zoning: POCIND*
  • Improvements Amount: 151,515
  • Land Value: 216,451

Exterior Features

  • Stories Total: 2
  • Lot Size SqFt: 6,715
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Driveway

Utility Features

  • Laundry YN: 1
  • Laundry Features: See Remarks

Financial Features

  • CapRate: 8.59
  • Net Operating Income: 49,739
  • Price Per SqFt: 241.65
  • Total Expenses: 19,551
  • Gross Multiplier: 8.36
  • Gross Operating Income: 69,290

Miscellaneous Features

  • Building Area Total: 2,396
  • Days On Market: 214
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 214

Location

 
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Directions to 351 N Main Street, Pomona, CA 91768
Take I-10 to N Garey Ave in Pomona. Take exit 45B for Garey Ave/Orange Grove Ave. Continue on N Garey Ave. Drive to N Main St.
Listing information for 351 N Main Street, Pomona, CA 91768 was graciously provided by our friends at the listing brokerage, Keller Williams Realty Downtow and by listing agent Fukushima Michael R. DRE# 01380445 and Watson Stephen F. DRE# 01187813

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:44am
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