1072 W Wilson St - Apartments FOR SALE


Pomona, CA 91768
$2,650,000 USD
626-257-8502
1072 W Wilson St, Pomona, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/15
null | 4.05% Cap Rate

1072 W Wilson St
Pomona, CA 91768


HIGHLIGHTS

  • Strong unit mix of four 1-bedroom/1-bath units and six 2-bedroom/1-bath units
  • Current rents over 25% below market, presenting significant rental upside and potential to achieve a Pro Forma CAP rate of 5.74%
  • Five of the units are completed renovated with new flooring, kitchen and bathroom
  • Amenities include ten enclosed garages, an on-site laundry facility, secure gated access, and a spacious courtyard
  • Located on a large 17,442 square foot corner lot in a quiet residential neighborhood
  • Close proximity to key attractions like Downtown Pomona, the Pomona Fairplex, and Auto Club Raceway

OVERVIEW

The Pacific Partners of Colliers International is pleased to exclusively present the Wilson Street Apartments, a well-maintained 10-unit multifamily property located at 1072 West Wilson Street in Pomona, California. This value-add investment opportunity offers a blend of stable, long-term tenancy and significant upside potential in a prime Southern California rental market. Built in 1955, the two-story building consists of ten spacious units, including four one-bedroom/one-bath units and six two-bedroom/one-bath units. The property sits on a large 17,442 square foot corner lot, offering 8,104 rentable square feet. Located in a quiet residential neighborhood, the complex provides tenants with ten enclosed garages and ample street parking. Additional amenities include an on-site laundry facility, a secure gated entrance, and a spacious enclosed courtyard ideal for a children’s play area. Each unit is individually metered for gas and electricity and is equipped with a wall-mounted air conditioning unit and a gas wall heater. The property features a stable tenant base, with current rents over 25% below market, offering investors a substantial rental upside and the potential to achieve a Pro Forma CAP rate of 5.74%. Five of the units have been extensively renovated, featuring upgraded flooring, kitchens, and bathrooms. Pomona has no local rent control, allowing investors to maximize returns with rent increases under California AB1482. Additionally, there is potential for further income growth through the addition of accessory dwelling units (ADUs), subject to buyer verification. Strategically located, the Wilson Street Apartments are just a short drive from key transportation routes, including Interstate 10 and Highway 71, as well as popular destinations such as Mountain Meadows Golf Course and Pomona Fairplex, home to the world-renowned LA County Fair and the historic Auto Club Raceway. This offering presents investors with the opportunity to acquire a stable, income-generating asset with considerable potential for increased returns and long-term growth in one of Southern California’s most resilient rental markets. Please contact listing agents for offering memorandum.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

10

PRICE/UNIT

$265,000

CAP RATE

4.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,379 SF

ZONING

R3, Pomona

APN/PARCEL ID

8357-006-035

ASK ABOUT THIS PROPERTY

David LinColliersMore Info
626-257-8502

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David LinColliersMore Info
626-257-8502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.