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890 S Hamilton Boulevard

Pomona, CA 91766
  • $975,000
  • STATUS: Pending
  • ON SITE: 13 Days
  • MLS #: CV23171901
Pending
UPDATED: 77 min ago
$975,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Area:

School Ratings & Info

Listing Agent(s): Kristopher German of Re/Max 2000 Realty (626-956-0188)


Description

This property, meticulously crafted by the original builder, has now made its debut in the market for the very first time since its construction. The units are two-story townhouse style units, located in a prime rental area, and the seller is offering very attractive private seller financing. Residents benefit from the convenience of private garage parking, along with the luxury of private backyards and interior laundry hookups. While tenants are responsible for electricity and gas expenses, the seller covers water and trash fees. Despite the commendable property management by the owner, rental rates have been kept overly conservative, thereby presenting the next investor with a significant upside potential of over 57% in rental income.Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T08:28:35.237. 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.
www.theziagroup.com/homes/143373604
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890 S Hamilton Boulevard Pomona, CA 91766

  • Price: $975,000
  • Status: Pending
  • On Site: 13 Days
  • Updated: 77 min ago
  • MLS #: CV23171901
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1982
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
This property, meticulously crafted by the original builder, has now made its debut in the market for the very first time since its construction. The units are two-story townhouse style units, located in a prime rental area, and the seller is offering very attractive private seller financing. Residents benefit from the convenience of private garage parking, along with the luxury of private backyards and interior laundry hookups. While tenants are responsible for electricity and gas expenses, the seller covers water and trash fees. Despite the commendable property management by the owner, rental rates have been kept overly conservative, thereby presenting the next investor with a significant upside potential of over 57% in rental income.Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 2 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 2.8 Common Interest Community Apartment Community Features CurbsGutter(S)Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 23640 Gross Scheduled Income 52548 Insurance Expense 1500 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanOwner Will CarryPrivate Financing Available Maintenance Expense 2250 Net Operating Income 27332 New Construction YN No New Taxes Expense 11622 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 23640 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 5568 Vacancy Allowance 1576 Water Sewer Expense 2700 Water Source Public Zoning Por2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T08:28:35.237. 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.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Kristopher German of Re/Max 2000 Realty (626-956-0188)