tomo logo

$815,000

Beds
4
Baths
2.0
sq ft
2,978

724 W 2nd St, Pomona, CA 91766

724 W 2nd St

Pomona, CA 91766

  • <1 day on market
For Sale: Prime Student Housing Investment - 724 W 2nd St, Pomona, CA 91766 &#127891; &#128176; Price: [Insert Price] &#128205; Location: Walking distance to Cal Poly Pomona, Western University, and local amenities &#127968; Property Type: Student Housing &#128719;&#65039; Bedrooms: [Insert Number] &#128705; Bathrooms: [Insert Number] &#128663; Parking: [Insert Details] &#128226; Incredible Investment Opportunity! Located in the heart of Pomona, this turnkey student housing property is a fantastic opportunity for investors looking to tap into the high-demand rental market. With its prime location near major universities, students will love the convenience of living just minutes from campus, public transit, and local dining spots. &#128273; Property Features: &#9989; Spacious bedrooms designed for shared or private student living &#9989; Modern kitchens and common areas perfect for student lifestyle &#9989; High rental demand with consistent occupancy rates &#9989; Secure property with ample parking &#9989; Easy access to I-10, I-60, and public transportation This high-yield rental property is ideal for investors seeking steady cash flow and long-term value appreciation. Whether you're expanding your portfolio or looking for a fully operational student rental, this property checks all the boxes! &#128222; For more details or a private tour, contact us today!

Details

Property type

Est. home value

$879,580

Lot size

Unknown

Price per sq ft

$274

Year built

1902

Price History

03/05/2025
DesertArea

DesertArea #219125881

Listed
$815,000
+30.4%
05/17/2021
CRMLS

CRMLS #TR20200072

Sold
$625,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$318,789
Asking price
$815,000
Closing costs (~8% of asking)
-$65,200
Est. remaining loan balance
-$431,011
Cash to seller
$318,789

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wall Financial Inc

Loan start date

May 2021

Original loan amount

$468,750

Est. remaining balance

$431,011

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Roberto Alejandro Cho and Janet Ji Cho

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/05/2025 at 7:25 PM

Listing updated: 03/05/2025 at 1:41 AM

Listed by: Roberto A Cho, PMI Los Angeles Phone #: (323) 342-5479

MLS: DesertArea #219125881

DesertArea logo

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