Investment Opportunity in Pomona! The gem of this property lies in its potential: the city has confirmed that it can accommodate up to 11 units.(buyer and buyer's agent to do their due diligence) A golden opportunity for anyone looking to capitalize on additional income production. With many properties on the block currently serving as duplexes and four-plexes, this location is perfect for future expansion. Discover a fantastic investment property 2 bed 2 bath 1191 sq ft home situated on a 7,367 sq ft lot. Priced significantly below market value at $550,000 this property is an exceptional deal for cash or conventional buyers looking to make their mark in a thriving area. This charming two-bedroom home features a unique layout with two bathrooms. 1 Full bath (with it's own entrance) and a 1/4 bath convenient Jack and Jill powder room situated between the bedrooms. This cute cottage features indoor laundry that comes with a washer and dryer. Pantry off the well lighted kitchen, formal Livingroom and separate dining room. There is also a large porch from the front to the side of the home. The property requires some cosmetic updates to unlock its full potential, it promises a wealth of opportunities for the savvy investor. Surrounding this residence, you’ll find a serene setting adorned with fruit trees—including avocado, lemon, guava and orange trees—offering a peaceful escape right in your backyard which has an entrance from the back. Location is Key! This property is conveniently situated near a variety of amenities: Dining and Shopping: Explore a vibrant selection of restaurants and shops in downtown Pomona and nearby Pasadena. Entertainment: Enjoy family fun at Raging Waters and hit the art scene at the Pomona Arts District. Education: Close proximity to quality schools and colleges, including **California State Polytechnic University, Pomona.** Parks and Recreation: Numerous parks and recreational areas are nearby, such as Ganesha Park and Frank G. Bonelli Regional Park, which offer outdoor activities for all ages. Transportation: Easy access to major highways (I-10, I-57) and public transportation options make commuting a breeze. In addition to its appealing location, the property includes a detached garage, which can easily be converted into an Accessory Dwelling Unit (ADU), providing even more rental income potential.

Listed By CRMLS_CA / Fatasha Cummings / HomeSmart Key Realty / 661-406-2580

Last checked: Checking… • Last updated Jan 17, 2025 • Source: CRMLS_CA

MLS# SR24206762 — Report a problem