Description
Growth Investment Group is proud to offer for sale 5442-5450 Pomona Boulevard, a unique apartment assetwith great amenities in one of the best locations in East LA bordering Monterey Park and Montebello. The property has been under the same ownership since the 1990s and is unique due to its single-story layout and its tremendously easy access to amenities on Atlantic Blvd (MontereyPark) and in Montebello. It is within walking distance from many local & national retailers on Atlantic Blvd., and within walking distance from East LA College, the Vincent Price Art Museum, and the Metro Gold Line Atlantic Station. Tenants also enjoy proximity to Montebello Country Club which housed multiple hotels, and to a major shopping center. The property is located nearby the Citadel Outlets and Atlantic Times Square in Monterey Park. Originally constructed in 1950 as a Garden-style officebuilding, 5442-5450 Pomona Boulevard has been operated as apartments for many years and features a unique combination of amenities including Central HVAC in most units and a large, gated parking lot with 9 surface spaces and one handicap space. The property offers an excellent unit mix of all 2bedroom+1bathroom units. Each unit is sizable and has been upgraded within the past 5 years with new hardwood flooring and bathroom/kitchen fixtures, and has individual water heaters/gas meters. The property has undergone major capital improvements during the current ownership, which include a brand new roof added in 2022 (10-year warranty), upgraded electrical, upgraded units, new exterior paint, and upgraded efficient planters. It has a secured entrance with gated parking, and is separately metered for gas and electricity. 5442-5450 Pomona Blvd. is situated on a large 10,000SF lot and has been very well maintained by the current ownership inside and out. It does not require any soft story retrofit. Due to a large lot size, new owner may be able to add additional ADU units (buyer to verify). The property is fully occupied and maintained strong collections throughout the Covid-19 Pandemic. There is a billboard located on the lot that is not part of the sale (there is a perpetual easement from the billboard operator to access the property).
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0BEDS
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0.23ACRES
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01/2 BATHS
School Ratings & Info
Description
Growth Investment Group is proud to offer for sale 5442-5450 Pomona Boulevard, a unique apartment assetwith great amenities in one of the best locations in East LA bordering Monterey Park and Montebello. The property has been under the same ownership since the 1990s and is unique due to its single-story layout and its tremendously easy access to amenities on Atlantic Blvd (MontereyPark) and in Montebello. It is within walking distance from many local & national retailers on Atlantic Blvd., and within walking distance from East LA College, the Vincent Price Art Museum, and the Metro Gold Line Atlantic Station. Tenants also enjoy proximity to Montebello Country Club which housed multiple hotels, and to a major shopping center. The property is located nearby the Citadel Outlets and Atlantic Times Square in Monterey Park. Originally constructed in 1950 as a Garden-style officebuilding, 5442-5450 Pomona Boulevard has been operated as apartments for many years and features a unique combination of amenities including Central HVAC in most units and a large, gated parking lot with 9 surface spaces and one handicap space. The property offers an excellent unit mix of all 2bedroom+1bathroom units. Each unit is sizable and has been upgraded within the past 5 years with new hardwood flooring and bathroom/kitchen fixtures, and has individual water heaters/gas meters. The property has undergone major capital improvements during the current ownership, which include a brand new roof added in 2022 (10-year warranty), upgraded electrical, upgraded units, new exterior paint, and upgraded efficient planters. It has a secured entrance with gated parking, and is separately metered for gas and electricity. 5442-5450 Pomona Blvd. is situated on a large 10,000SF lot and has been very well maintained by the current ownership inside and out. It does not require any soft story retrofit. Due to a large lot size, new owner may be able to add additional ADU units (buyer to verify). The property is fully occupied and maintained strong collections throughout the Covid-19 Pandemic. There is a billboard located on the lot that is not part of the sale (there is a perpetual easement from the billboard operator to access the property).
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.