1379 S Gibbs Street Unit 3, Pomona, California 91766, Pomona, - bed, bath
ACTIVE$1,499,000
1379 S Gibbs Street Unit 3, Pomona, California 91766
0Bed
0Bath
3,360Sqft
19,858Lot
Year Built
1958
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
WS24000802
Home ConditionFair
Features
View-
About this home
Totally 3 Units on one lot. Front building has 2 units and the rear building is single unit. Investor delight!
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,360 | 2,059 | 86% |
| Lot Size | 19,858 | 7,339 | 86% |
| Price | $1.5M | $768K | 86% |
| Price per square foot | $446 | $446 | 50% |
| Built year | 1958 | 1960 | 43% |
| HOA | |||
| Days on market | 674 | 182 | 86% |
Condition Rating
Fair
The property was built in 1958. The images show the exterior of the building. The building appears to be aged but maintained. It is likely that the kitchen and bathrooms are outdated and require minor updates or repairs. Therefore, the condition is rated as fair.
Pros & Cons
Pros
Investment Opportunity: The property is a triplex, offering immediate rental income potential.
Large Lot Size: The property boasts a substantial lot size of 19,858 sqft, potentially allowing for future expansion or development.
Multiple Units: With three separate units, the property provides diversified income streams and reduces vacancy risk.
Desirable Location: Located in Pomona, the property benefits from access to local amenities, transportation, and employment opportunities.
Below Original List Price: The current list price is slightly below the original list price, potentially indicating a motivated seller and a good buying opportunity.
Cons
Age of Property: Built in 1958, the property may require updates and repairs to meet modern standards and tenant expectations.
Potential Renovation Costs: Depending on the condition of the units, significant renovation costs may be necessary to maximize rental income and property value.
Management Intensive: Managing three separate units requires more time and effort compared to a single-family home, potentially necessitating professional property management.