695 N Main Street

Pomona, CA 91768

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,900 Sqft
  • 9148
    Sqft(Lot)
$990,000

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).

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Colonial

  • AD ID

    49367364

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asbestos Shingle
    • Property Appliances: Gas Range,Refrigerator,Water Heater,Dryer,Washer
    • Fireplace: None
    • Flooring: 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: 1903
    • Building Area Total: 2,900
    • Roof: Asbestos Shingle

    Foundation

    • Raised

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.21
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9148

  • Listing Price Information

    • Original List Price: 990,000
    • Listing Contract Date: 2025-04-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8336014001

  • 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: 3110
    • Directions: fwy 10 exit White Ave, go south, left on orange grove, right on Gordon St, and left on pearl St.
    • Zoning: POAP*
    • Source Property Type: Residential Income
    • Area: 687 - Pomona
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 122
    • Common Walls: No Common Walls
    • Structure Type: Single Family Residence
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/19/2025 @ 04:15

  • MLS: AR25082791
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 2,900 sqft, 9,148 sized lot, and 2 parking. are nearby neighborhoods.