Pomona, CA 91768,816 Weber ST
Pomona, CA 91768,816 Weber ST
Pomona, CA 91768,816 Weber ST
9
$1,425,000
$1,425,000
Est.Price: ?

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0.44 Acres Lot

816 Weber ST Pomona, CA 91768

Est. payment /mo
SOLD DATE : 11/01/2023

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Key Details

Sold Price $1,425,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23174392

Sold Date 11/01/23

HOA Y/N No

Year Built 1984

Lot Size 0.440 Acres

Property Sub-Type Apartment

Property Description

PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POR2*

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8357003054

Acceptable Financing Cash, Cash to New Loan, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner May Carry

Financing Seller Financing

Special Listing Condition Standard

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CRMLS – RECore
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443
Bought with Eduardo Morales Amberwood Real Estate, Inc.

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