1088 E 8th Street, Pomona, California 91766, Pomona, - bed, bath
ACTIVE$790,000
1088 E 8th Street, Pomona, California 91766
6Beds
3Baths
2,088Sqft
6,040Lot
Year Built
1957
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24221038
Home ConditionFair
Features
View-
About this home
This diamond in the rough is an ideal investment for those looking to expand their holdings with a safe investment. It has three separate units, each with highly sought after 2 bedrooms floor plans. The appeal of this property is due to its rent growth. It is close to restaurants, shops, and schools. The triplex is few miles away from the 10, 60, and 71 freeway. It is 1 mile away from Western University of Health Science and 4 miles away from Montclair Hospital.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 6 | 0 | 0% |
| Baths | 3 | 0 | 0% |
| Square foot | 2,088 | 2,059 | 57% |
| Lot Size | 6,040 | 7,150 | 14% |
| Price | $790K | $768K | 57% |
| Price per square foot | $378 | $435 | 43% |
| Built year | 1957 | 1960 | 43% |
| HOA | |||
| Days on market | 377 | 181 | 86% |
Condition Rating
Fair
The property was built in 1957 and described as a 'diamond in the rough,' suggesting it requires updates. The description focuses on investment potential and location rather than the property's condition. Without interior images, it's difficult to assess the kitchen and bathroom conditions, but given the age, it's likely that they are outdated and require minor updates or repairs. Therefore, a 'fair' score is appropriate.
Pros & Cons
Pros
Income Potential: The property is a triplex with three separate units, offering strong income potential through rental revenue.
Location: Conveniently located near restaurants, shops, schools, and major freeways (10, 60, and 71), providing easy access to amenities and transportation.
Proximity to Institutions: Close proximity to Western University of Health Science and Montclair Hospital, making it attractive to students, faculty, and medical professionals.
Cons
Condition: Described as a 'diamond in the rough,' suggesting the property may require renovations or upgrades to maximize its value and appeal.
Year Built: Built in 1957, the property may have outdated features or require updates to meet modern standards and preferences.