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1866 Fleming Street

Pomona, CA 91766
  • $760,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: SR22082616
Price Reduced
UPDATED: 43 min ago
$760,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:
Area:

School Ratings & Info

Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)


Description

1866 Fleming Street in Pomona is located blocks from Cal Poly Pomona, centrally located near shopping and restaurant, including Costco, Home Depot, Walmart, In and Out. The property is comprised of a (2) Two Bedroom and (1) One Bath House with a newly 2022 constructed One Bedroom and One Bath Unit in the rear of the property with a Certificate of Occupancy to be issued by end of May 2022. The property is currently rented to Cal Poly Pomona students and generates $3,400.00 a month for the two-bedroom and one bath house. Once completed, the rear unit will generate an additional $1,700.00. The GRM is 13.87 and a Cap Rate of 4.72%. The main house has been recently remodeled with new exterior paint, a newly remodeled kitchen, a freshly renovated bathroom, new flooring, on-site laundry, parking, etc. Two structures sit on 6167 Sq.Ft. Lot with the main house having 808 Sq.Ft. and the new second unit is 369 Sq.Ft. for a total of 1170 Sq.Ft.The property is ideally suited to be used as a student housing, investor, or first-time buyer.The seller is highly motivated! Seller has asked to see all offers.Seller has already received the final permit on rear unit and will be issued CofO by end of May.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T10:30:02.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127984943
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1866 Fleming Street Pomona, CA 91766

  • Price: $760,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 43 min ago
  • ID#: SR22082616
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1949
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
1866 Fleming Street in Pomona is located blocks from Cal Poly Pomona, centrally located near shopping and restaurant, including Costco, Home Depot, Walmart, In and Out. The property is comprised of a (2) Two Bedroom and (1) One Bath House with a newly 2022 constructed One Bedroom and One Bath Unit in the rear of the property with a Certificate of Occupancy to be issued by end of May 2022. The property is currently rented to Cal Poly Pomona students and generates $3,400.00 a month for the two-bedroom and one bath house. Once completed, the rear unit will generate an additional $1,700.00. The GRM is 13.87 and a Cap Rate of 4.72%. The main house has been recently remodeled with new exterior paint, a newly remodeled kitchen, a freshly renovated bathroom, new flooring, on-site laundry, parking, etc. Two structures sit on 6167 Sq.Ft. Lot with the main house having 808 Sq.Ft. and the new second unit is 369 Sq.Ft. for a total of 1170 Sq.Ft.The property is ideally suited to be used as a student housing, investor, or first-time buyer.The seller is highly motivated! Seller has asked to see all offers.Seller has already received the final permit on rear unit and will be issued CofO by end of May.
Exterior Features

Carport YN Yes Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Features Attached CarportConcrete Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No View Mountain(S) View YN Yes

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.42 Common Interest None Community Features Suburban Electric Expense 960 Fuel Expense 960 Garage YN No Gross Income 59364 Gross Scheduled Income 61200 Insurance Expense 585 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 41224 New Construction YN No New Taxes Expense 9500 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 18140 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 1836 Vacancy Allowance Rate 3 Water Sewer Expense 960 Water Source Public Zoning Por16000*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T10:30:02.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)