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About This Home
This 8-bedroom, 6-bathroom multi-family at 988 S Garey in Pomona, CA is listed for $880,000 ($282 per sqft). Built in 1902, the home offers 3,121 sqft of living space on a 0.16 acres lot.
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!
Key Features
- Built in 1902
- 0.16 acre lot
- 4 stories
- 8 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$4,706/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
988 S Garey
Pomona, CA 91766
Features & Amenities
Interior Features
Exterior Features
Property Details
Views
Cooling
Questions & Answers
This 8-bedroom, 6-bathroom multi-family at 988 S Garey is listed at $880,000 ($282/sqft). The estimated monthly payment is $3,813 based on 20% down at 6.5% interest.
Key features include: Built in 1902, 0.16 acre lot, 4 stories, 8 parking spaces. Interior Features: 2 Staircases. Exterior Features: Community Features Included: Biking, Hiking, Sidewalks.
This property is listed by YingYing Zhang and can be reached at 6265008100 or ok2046@gmail.com.
