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816 Weber ST Pomona, CA 91768
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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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Bought with Eduardo Morales Amberwood Real Estate, Inc.


