Property Detail

Description

We are pleased to exclusively present the opportunity to acquire 901 & 923 North San Antonio Avenue, an 11-unit multifamily investment property located in the booming city of Pomona, California. The property has an excellent rental location on the northwest corner of North San Antonio Avenue and East Alvarado Street, across from San Antonio Elementary School. Emerson Middle School and Kingsley Elementary School are both within walking distance from the subject property, perfect for attracting long-term residents with families. Constructed in 1963, the property consists of two adjacent parcels with a combined 15,927 square feet lot. 901 N. San Antonio Ave (APN 8338-023-022) features two one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and a large two-bedroom/one-and-a-half-bathroom unit. 923 N. San Antonio Ave (APN 8338-023-024) features two one-bedroom/one-bathroom units, three two-bedroom/one-bathroom units, and a large two-bedroom/one-and-a-half-bathroom unit. The larger two-bedroom units offer an additional den, a fireplace in the living room, and shares a new HVAC. Majority of the units have wall-unit air conditioning and heating. Selected units are renovated with carpet/vinyl flooring, new kitchen cabinetry, and granite countertops. The apartment buildings offer separate on-site laundry rooms (owned) and utility rooms. There are three double-car garages, five single-car garages, and six additional open parking for a total of seventeen parking spaces. The building on 923 N San Antonio Ave has a new roof as of May 2024. All units are individually metered for gas and electricity. Each building has separate central hot water heaters.