2427 Chanslor Street, Pomona, California 91766, Pomona, - bed, bath

home-pic
ACTIVE$999,950
2427 Chanslor Street, Pomona, California 91766
0Bed
0Bath
3,970Sqft
7,187Lot
Year Built
1964
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25123086
Home ConditionPoor
Features
Patio
View-

About this home

Great Investment Opportunity in Pomona! Located in a prime area near the 71 and 60 freeways, this multi-family property offers excellent potential for investors or owner-occupants. The property features four separate units with strong rental income potential. Unit 1 (Front, Ground Floor): 3 bedrooms, 2 bathroom. Unit 2 (Ground Floor): 2 bedrooms, 1 bathrooms Unit 3 (Upper Floor): 2 bedrooms, 1 bathroom Unit 4 (Upper Floor): 1 bedroom, 1 bathroom Each unit enjoys individual garage parking with access via the rear alley. The convenient location offers easy access to major transportation routes, schools, shopping, and dining. Don’t miss out on this rare opportunity to own a cash-flowing property in a high-demand rental area!

Price History

Date
Event
Price
06/10/25
Listing
$999,950
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot3,9702,059
86%
Lot Size7,1877,187
50%
Price$1,000K$768K
71%
Price per square foot$252$435
14%
Built year19641962
57%
HOA
Days on market149149
50%
Condition Rating
Poor

Built in 1964, this multi-family property shows significant signs of age and deferred maintenance. The exterior features neglected landscaping, worn garage doors, and security bars on windows, indicating a lack of recent aesthetic updates. The interior image reveals popcorn ceilings and very dated flooring (likely linoleum or old tile), suggesting that any renovations, if they occurred, were likely 30-50 years ago or were superficial. The absence of kitchen and bathroom images, despite their importance, strongly implies these areas are also in an outdated and worn condition, requiring substantial rehabilitation. While the property is described as 'cash-flowing,' its overall condition points to a need for extensive repairs and modernization to meet current standards.
Pros & Cons

Pros

Excellent Investment Opportunity: Explicitly marketed as a 'Great Investment Opportunity' and 'cash-flowing property' in a 'high-demand rental area', indicating strong potential for return on investment.
Multi-Unit Configuration: As a quadruplex with varied unit sizes (3/2, 2/1, 2/1, 1/1), it offers diversified income streams and flexibility for owner-occupancy with rental income.
Prime Location & Accessibility: Strategically located near major freeways (71 and 60), providing convenient access to transportation, schools, shopping, and dining, which is attractive to tenants.
Individual Garage Parking: Each unit benefits from individual garage parking with rear alley access, a significant and desirable amenity for tenants in a multi-family property.
Strong Rental Income Potential: The property is highlighted for its 'strong rental income potential' in a 'high-demand rental area', suggesting consistent occupancy and revenue generation.

Cons

Property Age: Built in 1964, the property is 60 years old, which may imply outdated systems (plumbing, electrical), deferred maintenance, and potential for significant capital expenditures for modernization or repairs.
Lack of Renovation Details: The description does not mention any recent upgrades or renovations, suggesting the units may be in original or dated condition, potentially requiring investment to maximize rental value and tenant appeal.
Potential for High Maintenance Costs: As an older multi-unit property, it is likely to incur ongoing and potentially substantial maintenance and repair costs, which could impact the net operating income and overall profitability.

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