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Lucio Real Estate Group

joe.lucio@exprealty.com +1(805) 512-0065

$798,000

Est. payment - /mo

5,823 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26172659

HOA Y/N No

Year Built 1987

Lot Size 5,823 Sqft

Property Sub-Type Triplex

Property Description

Recently renovated, low-maintenance triplex offering stabilized income and substantial rental upside in Pomona. Situated on an approximately 5,796-square-foot fenced lot, this 2,016-square-foot multifamily property generates over $60,000 in gross annual income from stable long-term tenants. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7% and more than 20% potential rental upside.
All three units have been updated with newer faux-wood flooring, updated windows, bright open floor plans, spacious living areas, modern bathrooms, and refreshed kitchens featuring shaker-style cabinetry, solid-surface countertops, stainless-steel sinks, and newer ranges. Additional interior highlights include generously sized bedrooms, dedicated closets, mini-split heating and air conditioning, distinctive spiral staircases, and vaulted bedroom ceilings.
Each unit is separately metered for electricity and gas and has its own independent water heater, helping simplify utility management. Recent property improvements completed within the last three years include a newer roof, newer windows, newer water heaters, and newer exterior wood siding. The property also features gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, additional open parking, and a laundry room offering potential supplemental income.
The spacious lot may provide future ADU potential; buyer to independently verify feasibility, zoning, permits, and development requirements with the City of Pomona. Conveniently located near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways. An excellent opportunity to acquire a cash-flowing Pomona triplex with stable income, updated units, multiple revenue opportunities, and long-term value-add potential. Buyer to verify all information.

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Interior Features Open Floorplan, Quartz Counters

Heating Ductless, Heat Pump

Cooling Ductless, Heat Pump

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 4

Pool None

Community Features Curbs, Park, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Front Yard, Lawn, Level, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8341022039

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Stephen Eng Universal Elite Realty 626-353-2384, DRE #01946974

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Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

joe.lucio@exprealty.com

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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1133 S Park AVE Pomona, CA 91766

Lucio Real Estate Group

Key Details

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Exterior

Building

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1133 S Park AVE