$795,000
$799,900
0.6%For more information regarding the value of a property, please contact us for a free consultation.
894 N Towne AVE Pomona, CA 91767
7,013 Sqft Lot
Key Details
Sold Price $795,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21264331
Sold Date 04/12/22
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1938
Annual Tax Amount $2,375
Tax Year 2020
Lot Size 7,013 Sqft
Property Sub-Type Triplex
Property Description
Buyers can live in 1 and rent out the other 2 units for a reduced mortgage! Fabulous investment property a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen, and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.
Location
State CA
County Los Angeles
Area 687 - Pomona
Zoning POR3*
Interior
Interior Features Ceiling Fan(s)
Flooring Carpet, Vinyl
Fireplaces Type Living Room
Fireplace Yes
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Door-Single, Garage, Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Fence Average Condition, Chain Link, Wood
Pool None
Community Features Curbs, Gutter(s), Mountainous, Storm Drain(s), Street Lights, Sidewalks, Park
View Y/N Yes
View Mountain(s), Neighborhood
Roof Type Shingle
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Garden, Near Park, Near Public Transit, Rectangular Lot, Street Level
Story 2
Entry Level One,Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 8337002037
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brenda Yu PYC Financial