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29963473
29963485

291 W Artesia St, Pomona, CA 91768 For Sale

Keller Williams Irvine
Listed by Keller Williams Irvine
$1,149,888
144 days on market
Updated 3 days ago

Triplex, Three Units Single Story

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,540
Units 3
Cap Rate 4.25%
NOI $48,888
Occupancy 75%
Pro-Forma Cap Rate 7.41%
Pro-Forma NOI $85,200
Price per SqFt $453
Year Built 1959
Year Renovated 2024
Buildings 1
Stories 1
Lot Size (SqFt) 10,142
Zoning Triplex
Parking Spaces 3 per unit
Ground Lease No
Sale Condition 1031 exchange

Not just a triplex — a strategy. Live in one unit, let the other two pay your mortgage, or hold all

Marketing description

Turnkey Pomona triplex, live in one unit, rent the other two, or hold all three as an investment. Units 293 & 295 fully remodeled 2024; 291 is a larger 2BD/2BA. 293 features new flooring and fresh interior paint. Individually metered; 1-car garage each. Fresh exterior paint. 291: 2BD/2BA, front patio, tenant-occupied at $1,785/mo. W/D hookups in garage (tenant-added). 293: 2BD/1BA, remodeled, front patio + back space. No W/D hookups; garage has potential to add. 295: 2BD/1BA, remodeled, tenant-occupied at $2,289/mo, front patio + large backyard w/ avocado tree. W/D hookups in garage (tenant-added). 10 Fwy access, 1 block to Fairplex, near Cal Poly Pomona, Western University, Pomona Valley Hospital, Mt. SAC. Pro forma $85,200/yr (4.92% cap) at market rents: 291 $2,400/mo, 293 $2,350/mo, 295 $2,350/mo. Buyer/agent to independently verify all income, expenses & rent control applicability.

Listing Contacts

Keller Williams Irvine
Listed by Keller Williams Irvine

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$48,888.00
$4,074.00/mo

Valuation Metrics

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DSCR
4.25%
Cap Rate
4.25%
ROI

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