SOLD
$1,425,000
Date 11/01/2023

816 Weber Street
Pomona, CA 91768

Apartment
Residence
5,633
Sqft
0.4398
Lot Size
Listing Agent: KRISTOPHER GERMAN CalDRE: 01800021 - RE/MAX 2000 REALTY, 909-645-0443
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.
CV23174392
Apartment, 1 Story
Los Angeles
1984
0.4398 Acres
Public
1
Public Sewer
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Listing Agent: KRISTOPHER GERMAN CalDRE: 01800021 - RE/MAX 2000 REALTY, 909-645-0443
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