Pomona, CA 91767 324 N Palomares Street
$750,000
6 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 3
Baths • 2
SQFT • 1,734
Year Built • 1895
Home Details
Now available in the heart of Pomona, just minutes from Downtown and Western University, this extensively upgraded 2-unit multi-family property offers immediate leasing flexibility and strong income potential. Both units (3-Bedroom/2-Bath) and (2-Bedroom/1-Bath) will be delivered vacant at the close of escrow, giving investors full control over tenant selection, rental rates, and overall cash-flow strategy.
Situated on a 6,020 sqft. lot with 1,734 rental sqft., each unit is equipped with laundry hookups, onsite parking, and access to a shared private backyard, providing tenants with essential amenities rarely found at this price point. The property has undergone numerous recent upgrades including: new copper plumbing throughout, updated electrical panels, fresh interior and exterior paint, new tile flooring, and remodeled kitchens and bathrooms complete with new appliances.
This turn-key duplex is ideal for both investors and owner-users alike, offering a rare opportunity to acquire a well-maintained, income-generating asset in a prime Pomona location with immediate upside.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 324 N Palomares Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NYes
Interior AmenitiesAllBedroomsDown
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories1
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 324 N Palomares Street
Additional Parcels Y/NNo
AppliancesSixBurnerStove
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.56
Carport Spaces0.0
Carport Y/NNo
CityPomona
Community FeaturesStreetLights, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingNone
DirectionsJust South of Holt Ave. West of Towne Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income4800.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense694.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet6020.0
Lot Size UnitsSquareFeet
MLS Area687 - Pomona
MaintenanceExpense2250.0
MobileHomeRemainsYNNo
Net Operating Income41693.0
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4.0
Operating Expense14179.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot36
Taxes$8,895
Tenant PaysElectricity, Gas
Total Actual Rent4800.0
Trash Expense1170.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNone
Water Sewer Expense1170.0
Year Built1895
Year Built SourceAssessor
ZoningPOCIND*
Exterior for 324 N Palomares Street
Building Area Total1734.0
Crops Included Y/NNo
FencingChainLink, Wood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions016
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1382
Lot Size Area6020.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, Paved
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
