455 N Hamilton Boulevard

Pomona, CA 91768

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 9198
    Sqft(Lot)
$1,748,000

Description

A high-cashflow and high-return 9-unit value-add opportunity in the east san gabriel valley area. offered at extremely high ±7.62% current cap (buyer to verify) and low 8.46x grm, this offering provides a whopping ±9.95% cash-on-cash return (on a 65% ltv and ±6.5% interest rates – buyer to verify) which arguably is one of the best cashflow deal in a primary submarket in la county. the property is strategically located on hamilton blvd crossing holt ave which is a major commercial street in the area. this provides consistent and high demand for rental units due to its friendly transit location. the property is only minutes away from cal poly pomona, pomona fairplex, claremont, san dimas, la verne and other well-known cities in east san gabriel valley.

the property was built in 1947 and is a combination of 3 buildings; the front building is a 2-story building and has 5 units, and the back 2 buildings are single-story building with 2 units/building. it has a total of 2,632 sf living area and is sitting on a large ±9,195 sf c4 zone. it offers a good unit mix of one 2bed+1bath, seven large studios, and one small studio. all units have been upgraded with new flooring, a new kitchen, and a new bathroom (buyer to verify). all units are market rate units; however, most of them are rented out to subsidized tenants providing security, stability and recession proof for the owner. the sale comes with an approved plan to convert the attic space in the front building into a 3-bedroom+2-bathroom unit which should bring additional cashflow on top of the already high cashflow.

parking is provided by seven/eight open space parking in the front and the middle area of the lot. the property is master metered for electricity and gas, but the owner has rubs system in place. there was a laundry area with laundry hookups that new owner can reutilize and bring additional laundry income.

centrally located in pomona, ca and just within minutes to cal poly pomona, 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).

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48959776

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asbestos Shingle,Flat
    • Property Appliances: Gas Range
    • Fireplace: None
    • Flooring: Laminate,Vinyl,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1947
    • Roof: Asbestos Shingle,Flat

    Accessibility Features

    • None,Parking

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2112
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9198

  • Listing Price Information

    • Original List Price: 1,748,000
    • Listing Contract Date: 2025-03-13

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8348009002

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 687 - Pomona
    • Postal Code Plus 4: 3514
    • Directions: FWY 10 exit White Ave, go south and make right on Holt Ave and left on Hamilton Blvd.
    • Zoning: POC4*
    • Source Property Type: Residential Income
    • Area: 687 - Pomona
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 78
    • Common Walls: 2+ Common Walls
    • Property Condition: Repairs Cosmetic,Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/03/2025 @ 01:06

  • MLS: AR25055825
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 9,198 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pomona , in zip code 91768, this Los Angeles County Home are nearby neighborhoods.