953 W 3rd Street, Pomona, CA 93176 (MLS # SR24206762)
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Investment Opportunity in Pomona!The gem of this property lies in its potential: the city has confirmed that it can accommodate up to 11 units.(buyer and buyer's agent to do their due diligence) A golden opportunity for anyone looking to capitalize on additional income production. With many properties on the block currently serving as duplexes and four-plexes, this location is perfect for future expansion. Discover a fantastic investment property 2 bed 2 bath 1191 sq ft home situated on a 7,367 sq ft lot. Priced significantly below market value at $550,000 this property is an exceptional deal for cash or conventional buyers looking to make their mark in a thriving area.This charming two-bedroom home features a unique layout with two bathrooms. 1 Full bath (with it's own entrance) and a 1/4 bath convenient Jack and Jill powder room situated between the bedrooms. This cute cottage features indoor laundry that comes with a washer and dryer. Pantry off the well lighted kitchen, formal Livingroom and separate dining room. There is also a large porch from the front to the side of the home. The property requires some cosmetic updates to unlock its full potential, it promises a wealth of opportunities for the savvy investor.Surrounding this residence, you’ll find a serene setting adorned with fruit trees—including avocado, lemon, guava and orange trees—offering a peaceful escape right in your backyard which has an entrance from the back. Location is Key! This property is conveniently situated near a variety of amenities:Dining and Shopping: Explore a vibrant selection of restaurants and shops in downtown Pomona and nearby Pasadena.Entertainment: Enjoy family fun at Raging Waters and hit the art scene at the Pomona Arts District.Education: Close proximity to quality schools and colleges, including **California State Polytechnic University, Pomona.**Parks and Recreation: Numerous parks and recreational areas are nearby, such as Ganesha Park and Frank G. Bonelli Regional Park, which offer outdoor activities for all ages.Transportation: Easy access to major highways (I-10, I-57) and public transportation options make commuting a breeze.In addition to its appealing location, the property includes a detached garage, which can easily be converted into an Accessory Dwelling Unit (ADU), providing even more rental income potential.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/5/2024 |
|---|---|---|---|
| YEAR BUILT | 1901 | COMMUNITY | Pomona |
| GARAGE SPACES | 1.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | Pomona Unified |
|---|
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | Pomona |
| GARAGE | Yes |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 7367 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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