Pomona, CA 91766,1031 Friar Lane
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Listed by Ricky Lee • Ricky&Jessie Realty
$ 1,259,000
Est. payment | /mo

4,125 SqFt


Save
$ 1,259,000
Est. payment | /mo
Save

4,125 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,125 sqft

Price per Sqft $305

MLS Listing ID CRTR25263034

HOA Y/N No

Year Built 1964

Lot Size 9,803 Sqft

Property Sub-Type Quadruplex

Source Datashare California Regional

Property Description

Investment Opportunity! Discover this well-maintained fourplex in the City of Pomona, offering strong rental income and excellent future upside. The front unit, Unit A, is a rare single-story 3-bedroom, 2-bath layout featuring a private backyard, giving tenants a desirable home-like living experience. The property offers significantly stronger cash flow compared to single-family homes or condos, making it an attractive choice for investors seeking both stability and income. Attached to Unit A is a two-story triplex consisting of three additional units. Units B and C are well-designed 2-bedroom, 1-bath units located on the upper level, while Unit D, situated downstairs, offers 2 bedrooms and 1.5 baths. All units benefit from the convenience of onsite parking, including four single-car garages and additional guest parking spaces. The property is separately metered with four electric meters, four gas meters, and one water meter. Tenants also enjoy a fenced front yard, full perimeter wood fencing, and a secure gated entry for added privacy and peace of mind. The exterior of the building was recently painted, making the property clean, attractive, and ready for a new owner to take over. Current monthly rents are below market, providing a great value-add opportunity. The property gener

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry No Hookups

Building

Lot Description Other

Bay East Association of Realtors

GET MORE INFORMATION

Vander Meulen Real Estate Group
Vander Meulen Real Estate Group

Broker, REALTOR® | Lic# 00842213 | Lic# 02150745

+1(925) 798-4663

800 S Broadway, Walnut Creek, CA, 94596, USA

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1031 Friar Lane