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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 940,000

Est. payment | -/mo

7 Beds

5 Baths

2,950 SqFt

Save

$ 940,000

Est. payment | -/mo

Save

7 Beds

5 Baths

2,950 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,950 sqft

Price per Sqft $318

MLS Listing ID 26998945

Bedrooms 7

HOA Y/N No

Year Built 1909

Lot Size 6,712 Sqft

Property Description

We are pleased to present 828 Hawthorne Place, a five-unit multifamily property located in Pomona, California. The property is centrally located within the eastern Los Angeles County market, providing residents with convenient access to major employment centers, transportation corridors, shopping, dining, and surrounding communities throughout the San Gabriel Valley and Inland Empire. 828 Hawthorne Place offers investors the opportunity to acquire a five-unit property with strong in-place income and significant value-add potential. With approximately 23.5% rental upside, investors have a clear path to increasing cash flow as rents are brought closer to market levels. The property features approximately 2,950 rentable square feet on an 6,712-square-foot lot (0.15 acres). The unit mix consists of three one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. The property also features gated on-site parking located at the rear of the property. Offered at $940,000, the property is priced at $188,000 per unit and $318.64 per square foot. The property is currently producing a 5.80% cap rate and 10.13 GRM, with the opportunity to achieve a pro forma 8.03% cap rate and 8.20 GRM as rents are increased toward market levels. Pomona continues to benefit from its central location between Los Angeles, Orange County, and the Inland Empire, along with strong renter demand and convenient access to major employment and transportation corridors. With strong in-place income, 23.5% rental upside, and attractive stabilized returns, 828 Hawthorne Place offers investors immediate cash flow with a clear path toward increased long-term value.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POR2*

Interior

Fireplace No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8326002022

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Oscar Diaz Marcus & Millichap #02022902

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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828 Hawthorne PL Pomona, CA 91767