534 E Kingsley Ave
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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 | Lot Size | 0.27 AC |
Price Per Unit | $316,633 | Building Size | 2,517 SF |
Sale Type | Investment | Average Occupancy | 100% |
No. Units | 3 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1938 |
Apartment Style | Single Family Home |
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 |
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Walk Score ®
Very Walkable (75)
zoning
Zoning Code | POR4YY (Possible ADU development.) |
POR4YY (Possible ADU development.) |
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Presented by
The Bowater group
534 E Kingsley Ave
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