tomo logo

$899,000

Beds
5
sq ft
2,536

996 E 4th St, Pomona, CA 91766

996 E 4th St

Pomona, CA 91766

  • Off market
    • Price drop $26,000↓
PRICE ADJUSTMENT $26,000 We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The single cottage house features new double-paned windows, enhancing energy efciency and modernizing the unit's aesthetics. The two-bedroom unit boasts new kitchen cabinets and countertops, providing an updated and contemporary living space and new double-paned windows throughout. The property is strategically located just minutes away from Pomona Valley Hospital & Medical Center, a prominent medical facility in the area as well as the Montclair Hospital Medical Center and the Wester University of Health Sciences. The demand for housing near medical centers tends to remain strong, providing a steady pool of potential tenants and reducing vacancy risk for the property. Located just steps from the Historical Pomona Antique Row and major retailers like Costco, The Home Depot, Starbucks, 7-Eleven and many other entertainment and retail options adds to its appeal and marketability. Tenants residing in the area have easy access to unique shopping, dining, and cultural experiences offered by the antique district and other retailers. Overall, the property's location benets from its close proximity to both prominent medical facilities and a historic cultural and retail district, making it an attractive option for tenants seeking convenience, charm, and access to amenities. From an investment standpoint, this property offers solid returns. While the property has already undergone signicant upgrades, there is still opportunity for further value-add initiatives, such as enhancing landscaping, adding amenities, or implementing technology upgrades to attract higher-paying tenants. Overall, 996 East 4th Street represents a lucrative investment opportunity with its unique charm, recent upgrades, strategic location near prominent medical facilities and retail amenities, and potential for rental income and appreciation.

Details

Property type

Lot size

6,010 sq ft

Price per sq ft

$355

Year built

1938

HOA

No

Price History

08/11/2024
CLAW

CLAW #24375985

Removed
$899,000
05/17/2024
CLAW

CLAW #24375985

Price change
$899,000
-2.81%
04/04/2024
CLAW

CLAW #24375985

Listed
$925,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Off Market

Tomo last checked: 10/05/2024 at 6:50 PM

Listing updated: 05/24/2024 at 9:28 AM

Listed by: Eliyahu Appel, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24375985

CLAW logo

Recently listed in Pomona

$710,000|3 bd|2.0 ba|House
$729,000|4 bd|2.0 ba|House
$718,000|3 bd|2.0 ba|Townhouse
$648,000|2 bd|4.0 ba|Condo
$650,000|3 bd|2.0 ba|House
$770,000|4 bd|2.0 ba|House
$709,000|3 bd|2.0 ba|House
$795,000|4 bd|2.5 ba|Townhouse