455 N Hamilton Boulevard, Pomona, CA 91768 (MLS # AR25055825)

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PRICE $1,748,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE n/a
LOT SIZE 9,200 sqft

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).

DAYS ON MARKET 2 LAST UPDATED 3/13/2025
YEAR BUILT 1947 COMMUNITY Pomona
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Range
AREA Pomona
GARAGE Assigned
HEAT Wall Furnace
HOA DUES 0
LOT 9198 sq ft
LOT DESCRIPTION Near Public Transit, Street Level
PARKING Assigned
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
UTILITIES Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard
VIEW DESCRIPTION None
WATER Public
ZONING POC4*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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*Estimate only

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Listed with Growth Investment Group Pasade

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/25 7:09 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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