1994

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1994

Pomona, CA 91766
Asking Price
$1.29M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 1994 in Pomona, California, this multifamily asset is situated in a residential pocket with convenient access to the San Bernardino (I-10) and Orange (SR-57) Freeways. The neighborhood is characterized by its proximity to the Claremont border and several prominent educational institutions, including Pomona College and Cal Poly Pomona. Local amenities feature a variety of retail centers, grocery stores, and green spaces such as Ganesha Park. Public transit options are accessible via nearby Foothill Transit bus lines and the Metrolink station, providing regional connectivity to Greater Los Angeles and the Inland Empire. The property is suited for rental housing, catering to a stable tenant base driven by local employment and higher education. The typical tenant profile includes faculty, staff, and graduate students from the surrounding university systems, as well as commuters seeking proximity to major employment hubs in Los Angeles and San Bernardino counties. Given its location, the asset serves residents looking for suburban-style living with relative ease of access to urban amenities. The building is well-positioned for long-term residential use within a high-demand rental market.

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NOI
$80,000
Cap Rate
6.18%
DSCR
1.04
Tight
Cash-on-Cash
0.80%
Monthly Payment
$6,406.953
Annual Cash Flow
$3,116.559

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