$550,000

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… Read More 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. Read Less

Property listed by HomeSmart Key Realty, Fatasha Cummings 661-406-2580

Listing Snapshot

Days Online

Last Updated

Nov 14, 2024

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

1,191

Lot Size

0.17 Acres

Year Built

1901

MLS Number

SR24206762

Additional Details

Appliances & Equipment

Dryer, Washer

Building

Built in 1901, Levels: One, Living area: 1191, 1 story, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore

Community

Gutters, Park, StreetLights, WaterSports

Cooling

WallWindowUnits

Fireplaces

None

Garage

1 space

Interior Features

AllBedroomsDown

Laundry

WasherHookup, GasDryerHookup, Inside, LaundryRoom

Lot

0.1691 acres, 7,367 square feet, Size: 7,367, ZeroToOneUnitAcre

Parking

1 total parking

Pool

None

Property

None

Sewer

PublicSewer

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953 W 3rd Street

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