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534 E Kingsley Ave

3 Unit Apartment Building Offered at $949,900 in Pomona, CA 91767

Investment Highlights

  • Huge Potential & Possible ADU Development
  • Each unit has a 1 car detached garage with additional parking
  • OWNER WILL CONSIDER CARRYING LOAN AT AN ATTRACTIVE RATE/TERMS.
  • This wonderful 3 unit multi family property is located in the heart of the Lincoln Park Historical district of Pomona

Executive Summary

Charming 1930's Tudor Style Home with two additional residences. This wonderful 3 unit multi family property is located in the heart of the Lincoln Park district of Pomona. With its picturesque architecture, thoughtful design, & prime location, this property is perfect for investors seeking rental income or homeowners looking for a multi-generational living solution. Main house is a spacious 2-Bedroom, experience a warm welcome with its inviting layout. Features a bonus room, perfect for an office, studio, or guest space. Bonus room has a closet & can be used for a 3rd bedroom. Living Room with a cozy fireplace serves as the focal point, creating a perfect ambiance for relaxation. Large windows allow natural light to pour in, enhancing the warm, inviting atmosphere. The kitchen combines classic design with modern functionality, featuring ample cabinetry and space for dining. Laundry Room is conveniently located in the unit, making chores a breeze. Units 2 & 3 are Charming 1-Bedroom homes, featuring a well-designed layout that maximizes space and comfort, boasts cozy living areas, perfect for entertaining or quiet evenings at home.Each unit has its own kitchen, ready for meal preparation. In-unit laundry facilities make for added convenience, ensuring that residents can enjoy the comforts of home without leaving the property. The property’s outdoor areas have been thoughtfully designed with a drought-friendly yard, promoting sustainable living while maintaining curb appeal. Each unit comes with a one-car garage, along with additional outdoor parking spaces for extra vehicles. Just minutes away from local shops, dining, and entertainment, residents can easily access everything Pomona has to offer. Enjoy local parks, cultural attractions, and vibrant community events that bring the area to life. Easy access to major highways and public transportation makes commuting a breeze. With the demand for rental properties in the area, you wlll have an opportunity to explore this investment opportunity. Whether you choose to live in one unit and rent out the others or rent all three for steady income, there is potential for financial return. The property is well-maintained and cared for. Property has huge upside potential & Possible ADU Development. Don’t miss your chance to own a piece of history while enjoying the benefits of modern living in a vibrant community. OWNER WILL CONSIDER CARRYING LOAN AT AN ATTRACTIVE RATE/TERMS. Discover the potential that awaits!

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $949,900
Price Per Unit $316,633
Sale Type Investment
No. Units 3
Property Type Multifamily
Apartment Style Single Family Home
Lot Size 0.27 AC
Building Size 2,517 SF
Average Occupancy 100%
No. Stories 1
Year Built 1938

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Hardwood Floors
  • Sprinkler System
  • Yard
  • Basement

Site Amenities

  • Gas Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,503 1,239
1+1 2 $1,262 632
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code POR4YY (Possible ADU development.)
POR4YY (Possible ADU development.)
  • Listing ID: 33590577

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 534 E Kingsley Ave, Pomona, CA 91767

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