Pomona, CA 91768,695 N Main ST
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Pomona, CA 91768,695 N Main ST
Pomona, CA 91768,695 N Main ST
Pomona, CA 91768,695 N Main ST
Pomona, CA 91768,695 N Main ST
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Bryan Garrity

Bryan Garrity

Engel & Völkers

+1(858) 525-3202
$ 990,000
Est. payment /mo
New

695 N Main ST Pomona, CA 91768

9,147 Sqft Lot


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25082791

HOA Y/N No

Year Built 1903

Lot Size 9,147 Sqft

Property Sub-Type Single Family Residence

Property Description

695 W Main Street, Pomona, a beautifully located single family residential that is operated as a student housing and carries a significant value-add opportunity. Offered at a very low price compared to competing properties and an extremely attractive ±7.14% CAP Rate (as a fully occupied student housing - buyer to verify), this offering provides an excellent ±9.47% Cash-on-cash return with a low downpayment on a 30-year fixed mortgage (buyer to verify).
The property is strategically located in Pomona Historical District, and within walking distance from Downtown Pomona. It has a very high Walk Score of 92 and only less than 10 minutes to CAL POLY POMONA. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. It is currently leased out to CAL POLY Pomona students with only 3 remaining bedrooms available.
The property was built in 1903, a two-story colonial architectural style, and has a total of 8 bedrooms and two bathrooms. It has a large 2,900sf living space and is situated on a large 9,145sf lot. It has been fully upgraded with modern upgrades, and electrical panels have been upgraded as well. The large bathroom is a communal bathroom with triple sinks, three shower stalls, and several private toilet areas. One of the vacant bedrooms is a large bedroom that could easily accommodate 2 students. Washer and dryer is included in the rent – savvy owner should replace this into coin operated machines to boost the income.
The property has a side yard and back yard and has alley access to the parking area in the back. There is a 2-car garage that is being used as a game room. Savvy owners should convert this 2-car garage into a junior ADU. There is additional parking space (open area) accessible from the alley (gated).
Centrally located in Pomona, CA and just within minutes to Cal Poly Pomona, Claremont Colleges, Fairplex Pomona, Claremont, La Verne, San Dimas, Phillips Ranch, and other well-known cities in the area. It is minutes away from Lake Bonelli area, Raging Waters, dining and transportation on Holt Ave. It offers superb access to multiple freeways (FWY 10, FWY 71, and FWY 57).

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POAP*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Water Heater, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Suburban, Valley, Park

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asbestos Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description Front Yard, Lawn, Landscaped, Near Park, Near Public Transit, Street Level

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8336014001

Energy Description 680.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10483


California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade • han.chen@growthinvestmentgroup.com
agent

Bryan Garrity

Advisor | License ID: 01501862

+1(858) 525-3202

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695 N Main ST