1111 E 7th St - Apartments FOR SALE


Pomona, CA 91766
$6,880,000 USD
626-407-7701
1111 E 7th St, Pomona, CA for Sale
$6,880,000 USD
Apartments - FOR SALE
1/9
null | 6.19% Cap Rate

1111 E 7th St
Pomona, CA 91766


HIGHLIGHTS

  • 29 of 30 are 2-bedroom Unit
  • Attractive Financials: 6.19% Cap Rate; 10.5 GRM
  • Gated Entrance
  • Renovation in Selected Units
  • Potential ADU
  • Unit Separately Metered for Gas and Electricity

OVERVIEW

We are pleased to present the opportunity to acquire a 30-unit value-add multifamily, located in City of Pomona. Built in 1963, the subject proporty is located at one of the most desirable rental market in San Gabriel Valley, and it offers an excellent unit mix comprised of (1) one-bedroom unit and (29) two-bedroom units. The property offers private gated entrance and well-maintained common area with attractive financial. Potential ADU. Buyer to satisfy its own investigation.

FOR SALE DETAILS

PRICE

$6,880,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

30

PRICE/UNIT

$229,333

CAP RATE

6.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R31000, Pomona

APN/PARCEL ID

8327-011-021

ASK ABOUT THIS PROPERTY

Grady LiuMacroReal CommercialMore Info
626-407-7701

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Grady LiuMacroReal CommercialMore Info
626-407-7701

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