Matt Wong
626-759-3366  |  02013717
894 N Towne Ave
Pomona, CA
$800,000
4 BEDS
3 BATHS
3 CAR
GARAGE
2,230 SQ FT

Property Details

Price: $800,000
Bedrooms: 4
Bathrooms: 3
Garage Size: 3
Square Feet: 2,230
Year Built: 1938
Lot Size: 7014
3 Separate Units each with a single car garage
Potential ADU garage conversion
Long term tenants currently on month to month
All tenants are up to date on payments
Minutes from Lincoln Park area
Easy access to 10, 57, 60 Freeway
Recent upgrades including lighting, flooring, paint, kitchen and bathroom updates
Close to Claremont Colleges
Separately metered for gas and electric
3 Separate Units each with a single car garage
Potential ADU garage conversion
Long term tenants currently on month to month
All tenants are up to date on payments
Minutes from Lincoln Park area
Easy access to 10, 57, 60 Freeway
Recent upgrades including lighting, flooring, paint, kitchen and bathroom updates
Close to Claremont Colleges
Separately metered for gas and electric
3 Separate Units each with a single car garage
Potential ADU garage conversion
Long term tenants currently on month to month
All tenants are up to date on payments
Minutes from Lincoln Park area
Easy access to 10, 57, 60 Freeway
Recent upgrades including lighting, flooring, paint, kitchen and bathroom updates
Close to Claremont Colleges
Separately metered for gas and electric
Fabulous 3 Unit investment opportunity located a few blocks away from the historic Lincoln Park Area. This property consists of 3 separate freestanding homes on a corner lot, each with its own single-car garage. 894 Towne, 610, & 612 Alvarado are separately metered for electric and gas and have had many recent upgrades within the last 2 years including flooring, lighting, paint, kitchen and bathroom upgrades. 894 Town and 610 Alvarado have laundry hook-ups for convenience. All 3 homes are currently rented for below market value and there is potential for value add. These units have been meticulously well maintained and it shows. This gem is perfect for someone looking to live in 1 and rent out the others for additional income OR the investor that is looking for passive income. There is also possible potential for a fourth unit through a garage conversion but please check with the City of Pomona. All units are occupied with long-term tenants in good standing on month-month leases. These homes have easy access to the 10, 57, and 60 freeway and are minutes away from the Metrolink railway system, the Claremont Colleges, Cal Poly Pomona, and Downtown Pomona. Pomona Valley Hospital is situated within walking distance.
Matt Wong
Realtor
02013717
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