Pomona, CA 91766,920 W 3rd ST
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Pomona, CA 91766,920 W 3rd ST
Pomona, CA 91766,920 W 3rd ST
Pomona, CA 91766,920 W 3rd ST
Pomona, CA 91766,920 W 3rd ST
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MaryLou Adame-Martinez

MaryLou Adame-Martinez

+1(949) 690-7149
$ 1,050,000
Est. payment /mo
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Active

920 W 3rd ST Pomona, CA 91766

5 Beds

4 Baths

2,699 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $389

MLS Listing ID 25622381

Bedrooms 5

HOA Y/N No

Year Built 1938

Lot Size 6,786 Sqft

Property Description

920 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/1-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.42% cap rate before even factoring in the ADU. After construction, it projects a 7.08% cap rate and a 10.53 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POC3*

Interior

Fireplace No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8342008002

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Conventional

Special Listing Condition Standard

CRMLS – RECore
Listed by Oscar Diaz Marcus & Millichap
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Pantera Elementary School

    Public | KG - 6

  • 8

    Ranch Hills Elementary School

    Public | KG - 6

  • 8

    Vista del Valle Elementary School

    Public | KG - 6

  • 7

    Golden Springs Elementary School

    Public | KG - 8

  • 7

    Diamond Point Elementary School

    Public | KG - 6

  • 7

    Lexington Elementary School

    Public | KG - 8

  • 6

    Cortez Elementary School

    Public | KG - 8

  • 6

    Oakmont Elementary School

    Public | KG - 6

  • 5

    Philadelphia Elementary School

    Public | KG - 6

  • 4

    Westmont Elementary School

    Public | KG - 6

  • 4

    Decker Elementary School

    Public | KG - 6

  • 4

    Roosevelt Elementary School

    Public | KG - 5

  • 4

    Vejar Elementary School

    Public | KG - 8

  • 4

    La Verne Science and Technology Charter

    Public | KG - 6

  • 4

    Madison Elementary School

    Public | KG - 6

  • 4

    San Jose Elementary School

    Public | KG - 8

  • 4

    Harrison Elementary School

    Public | KG - 8

  • 4

    San Antonio Elementary School

    Public | KG - 5

  • 4

    Allison Elementary School

    Public | KG - 6

  • 4

    Dickson Elementary School

    Public | KG - 6

Middle Schools 14
  • 7

    El Roble Intermediate School

    Public | 7 - 8

  • 5

    Marshall Middle School

    Public | 6 - 8

  • 5

    School of Arts and Enterprise

    Public | 6 - 12

  • 4

    Fremont Academy of Engineering and Design

    Public | 7 - 12

  • 4

    Palomares Academy of Health Science

    Public | 7 - 10

  • 4

    Simons Middle School

    Public | 6 - 8

  • 2

    Emerson Middle School

    Public | 6 - 8

  • 0

    Pomona Catholic High School

    Private | 6 - 12

  • 0

    Pomona Alternative

    Public | 7 - 10

  • 0

    Pomona Community Day

    Public | 7 - 12

  • 0

    Grace Christian School

    Private | 7 - 11

  • 0

    Pueblo

    Public | 8 - 8

  • 0

    School of Extended Educational Options

    Public | 7 - 12

  • 0

    Community Day

    Public | 7 - 12

High Schools 7
  • 9

    Village Academy High School at Indian Hill

    Public | 9 - 12

  • 7

    Diamond Ranch High School

    Public | 9 - 12

  • 4

    Ganesha High School

    Public | 9 - 12

  • 3

    Garey High School

    Public | 9 - 12

  • 2

    Pomona High School

    Public | 9 - 12

  • 0

    Park West High (Continuation)

    Public | 9 - 12

  • 0

    San Antonio High (Continuation)

    Public | 9 - 12

School and business data provided by Attom Data.

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SELLING MY HOME

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Team Mary Lou Adame-Martinez, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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920 W 3rd ST