1072 W Wilson St, Pomona,...
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Est $ 17,403/mo
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1072 W Wilson St, Pomona, California, 91768
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16
Bed
10
Bath
8104
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1955
Days on RealtySearch
-
Active Status
Active
Last Sold
$1,150,000 in 2014
We are pleased to exclusively present the Wilson Street Apartments, a well-maintained 10-unit multifamily property located at 1072 West Wilson Street in Pomona, California. This value-add investment opportunity offers a blend of stable, long-term tenancy and significant upside potential in a prime Southern California r...
More Details
Neighborhood
1072 W Wilson St is located in neighborhood in the city of ,CA
Property History
Date
2024-09-19
Event
Listed
Price
$2650000
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2023-01-03
Event
Listing removed
Price
$0
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2022-10-31
Event
Listed
Price
$2400000
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2014-03-21
Event
Sold
Price
$1150000
Price/Sq Ft
Source
Public Record
View More Details
Est
get pre-qualify
1072 W Wilson St, Pomona, California, 91768
Get Free FICO® Credit Score
View On Map
16
Bed
10
Bath
8104
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1955
Days on RealtySearch
-
Active Status
Active
Last Sold
$1,150,000 in 2014
We are pleased to exclusively present the Wilson Street Apartments, a well-maintained 10-unit multifamily property located at 1072 West Wilson Street in Pomona, California. This value-add investment opportunity offers a blend of stable, long-term tenancy and significant upside potential in a prime Southern California r...
More Details
Neighborhood
is located in neighborhood in the city of ,
Property History
Date
2024-09-19
Event
Listed
Price
$2650000
Price/Sq Ft
Source
View More Details
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Home Details
Description
We are pleased to exclusively present the Wilson Street Apartments, a well-maintained 10-unit multifamily property located at 1072 West Wilson Street in Pomona, California. This value-add investment opportunity offers a blend of stable, long-term tenancy and significant upside potential in a prime Southern California rental market. Built in 1955, the two-story building consists of ten spacious units, including four one-bedroom/one-bath units and six two-bedroom/one-bath units. The property sits on a large 17, 442 square foot corner lot, offering 8, 104 rentable square feet. Located in a quiet residential neighborhood, the complex provides tenants with ten enclosed garages and ample street parking. Additional amenities include an on-site laundry facility, a secure gated entrance, and a spacious enclosed courtyard ideal for a children's play area. Each unit is individually metered for gas and electricity and is equipped with a wall-mounted air conditioning unit and a gas wall heater. The property features a stable tenant base, with current rents over 25% below market, offering investors a substantial rental upside and the potential to achieve a Pro Forma CAP rate of 5.74%. Five of the units have been extensively renovated, featuring upgraded flooring, kitchens, and bathrooms. Pomona has no local rent control, allowing investors to maximize returns with rent increases under California AB1482. Additionally, there is potential for further income growth through the addition of accessory dwelling units (ADUs), subject to buyer verification. Strategically located, the Wilson Street Apartments are just a short drive from key transportation routes, including Interstate 10 and Highway 71, as well as popular destinations such as Mountain Meadows Golf Course and Pomona Fairplex, home to the world-renowned LA County Fair and the historic Auto Club Raceway. This offering presents investors with the opportunity to acquire a stable, income-generating asset with considerable potential for increased returns and long-term growth in one of Southern California's most resilient rental markets.
Presented by:
Edward Pan
Brokered by:
Colliers International Greater Los Angel
Broker Location
,
Monthly Cost Calculator
$ 17,403 / Month
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Property History
Date
2024-09-19
Event
Listed
Price
$2650000
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2023-01-03
Event
Listing removed
Price
$0
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2022-10-31
Event
Listed
Price
$2400000
Price/Sq Ft
8104
Source
TheMLSCLAW
Date
2014-03-21
Event
Sold
Price
$1150000
Price/Sq Ft
Source
Public Record
Date
2007-05-22
Event
Sold
Price
$1150000
Price/Sq Ft
Source
Public Record
Date
1986-07-24
Event
Sold
Price
$330000
Price/Sq Ft
Source
Public Record
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