988 S Garey
Pomona, CA 91766
$880,000
About This Home
Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history: 988 N Garey Ave: Spacious 3 Bed / 2 Bath 990 N Garey Ave: Desirable 2 Bed / 2 Bath 155 E Alvarado St: Comfortable 2 Bed / 1 Bath 153 E Alvarado St: Cozy 1 Bed / 1 Bath Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses. An Investor’s Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market! Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools. Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today!
Property Details
Location
Listed by
YingYing Zhang
Coldwell Banker Envision
MLS# TRYINGZHA
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