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33623706
33623707

550 LAUREL AVE, POMONA, CA 91768

DC
CA CA 01941403
Marcus & Millichap - Inland Empire
DM
CA 01155706
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Inland Empire
$945,000
3 days on market
Updated 3 days ago

550 LAUREL AVE POMONA CA 91768

Details
APN 8340-023-020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,480
Units 4
Year Built 1961
Lot Size (SqFt) 7,680

Multifamily | 4 Units

Marketing description

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 550-556 Laurel Avenue, a well-maintained four-unit multifamily property located in the City of Pomona, a centrally located rental market within the San Gabriel Valley. The property consists of four spacious two-bedroom, one-bathroom units situated on a single parcel.

The property has benefited from significant capital improvements, including the installation of new electrical panels for each unit in 2025. Ownership has also completed extensive interior renovations throughout the majority of the units, featuring upgraded kitchens and bathrooms, updated cabinetry, modern backsplash finishes, vinyl plank flooring, newer carpeting, and other improvements designed to enhance resident appeal. Additionally, the property has been under the same ownership for more than 25 years, reflecting long-term care and stewardship. The owner is also selling 547 William Street, Pomona which is contiguous to this property.

Each unit is individually metered for gas and electricity and is serviced by its own hot water heater. There are single-car garages for each unit. Additional property improvements include partial plumbing upgrades through repiping of select units. Residents also benefit from an on-site laundry facility (owned), including a newly installed dryer in 2026.

Located within an established residential neighborhood, convenient access to major transportation corridors including Interstate 10, State Route 60, State Route 57, and State Route 71, connecting residents to employment centers throughout Los Angeles, Orange, Riverside, and San Bernardino Counties.

With a desirable all two-bedroom floor plan, 49% rental upside, extensive interior renovations, individually metered utilities, and strong rental market fundamentals, 550-556 Laurel Avenue presents investors with an opportunity to acquire a well-positioned multifamily asset offering both stable in-place income and long-term appreciation potential within a supply-constrained Southern California market.

Investment highlights

  • All Two-Bedroom & One-Bathroom Floor Plans
  • 49% Rental Upside
  • Majority of Units Recently Renovated
  • Private Single-Car Garage for Each Unit
  • Individually Metered for Gas & Electricity | Individual Hot Water Heaters
  • Strong Pomona Location with Excellent Regional Connectivity
  • Same Ownership for 25+ Years

Listing Contacts

DC
CA CA 01941403
Marcus & Millichap - Inland Empire
DM
CA 01155706
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Inland Empire

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Additional Information

Name
David Covarrubias
License
CA 01941403
Brokerage Phone
9094567035
Name
Douglas McCauley
License
01155706
Brokerage Address
3281 East Guasti Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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