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32048816

143 Pomona Avenue, Long Beach, CA 90803 For Sale

GB
CA 01484265
Coldwell Banker Commercial BLAIR
SW
CA 00499477
Coldwell Banker Commercial BLAIR
Listed by Coldwell Banker Commercial BLAIR
$1,395,000
84 days on market
Updated 23 days ago

143 Pomona

Details
APN 7247-009-043
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,394
Net Rentable (SqFt) 2,394
Units 3
Cap Rate 3.9%
NOI $54,440
Tenancy Multi
Pro-Forma Cap Rate 5.08%
Pro-Forma NOI $70,870
Price per SqFt $583
Class C
Year Built 1947
Buildings 1
Stories 2
Lot Size (SqFt) 2,401
Zoning R-2-S
Investment Type Stabilized

Multifamily | 3 Units | $465,000/unit

Marketing description

This well-maintained three-unit property provides outstanding versatility, catering to a range of needs for owner-occupants, multi-generational households, or those seeking investment income. The thoughtful layout and quality features make it a highly attractive option in the desirable Belmont Shore neighborhood. The unit mix consists of two 2-bedroom, 1-bathroom units and one studio unit. Each of the mirror-image 2-bed, 1-bath units boasts refinished hardwood floors, spacious kitchens with abundant cabinetry, formal dining rooms, and large windows that invite natural light throughout the interiors. In addition, the upper unit includes a generous outdoor balcony, ideal for relaxing or entertaining guests.

Prime Location - This property is ideally situated just moments from 2nd Street, the beach, and Cal State Long Beach, while being quietly tucked away in a peaceful pocket of Belmont Shore. The location offers a wonderful opportunity to live in one unit and rent out the others, or to create a comfortable multi-generational setup in one of Long Beach's most sought-after coastal neighborhoods.

Investment highlights

  • Outstanding versatility for owner-occupants, multi-generational households, or investment income
  • Desirable Belmont Shore neighborhood
  • Ideally situated just moments from 2nd Street, the beach, and Cal State Long Beach
  • Peaceful pocket location
  • Opportunity to live in one unit and rent out the others
  • Cap Rate: 3.9%
  • GRM: 16.68

Listing Contacts

GB
CA 01484265
Coldwell Banker Commercial BLAIR
SW
CA 00499477
Coldwell Banker Commercial BLAIR
Listed by Coldwell Banker Commercial BLAIR

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$54,440.00
$4,536.67/mo

Valuation Metrics

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DSCR
3.9%
Cap Rate
3.9%
ROI

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