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2430 Angela Street, Pomona, California 91766, Pomona, 91766 - bed, bath

2430 Angela Street, Pomona, California 91766 home-pic-0
ACTIVE$988,000
2430 Angela Street, Pomona, California 91766
0Bed
0Bath
3,828Sqft
7,193Lot
Year Built
1964
Close
-
List price
$988K
Original List price
$988K
Price/Sqft
$258
HOA
-
Days on market
-
Sold On
-
MLS number
TR25263042
Home ConditionPoor
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $988.0K(80th), sqft - 3828(90th), beds - undefined(50th), baths - undefined(50th).

Rare opportunity to own this well-maintained four-unit multifamily investment opportunity located in the City of Pomona. The property features an excellent and desirable unit mix consisting of one 3 bedroom / 1.5 bathroom unit, two 2 bedroom / 1.5 bathroom units, and one 1 bedroom / 1 bathroom unit. Each unit is separately metered for electricity and gas, while the landlord pays for water and trash service. Tenants enjoy on-site garage parking as well as a dedicated community laundry room, adding convenience and long-term appeal. The exterior of the building has been recently painted and renovated, providing strong curb appeal and reduced maintenance for the next owner. The property is currently fully leased, generating $6,090 in total monthly rental income, with rents positioned below market and offering meaningful upside potential for investors. Utility configuration includes four electric meters, four gas meters, and one shared water meter. This stable, well-located asset presents an exceptional opportunity for buyers seeking a turnkey multifamily investment with solid cash flow and long-term growth potential in a high-demand rental market.

Price History

Date
Event
Price
12/10/25
Listing
$988,000
09/08/22
Sold
$895,000
07/12/12
Sold
$289,000
11/03/06
Sold
$665,000
02/05/96
Sold
$185,000
08/01/95
Sold
$130,000
Condition Rating
Poor
The property was built in 1964, and while the exterior has been recently painted and renovated, the listing explicitly states that 'the interior systems and finishes may be original or dated, potentially requiring significant capital investment for upgrades in the future to maximize rental value.' Without interior images, we must rely on this strong indicator. Dated interiors from 1964 would mean kitchens and bathrooms are likely very old-fashioned, with outdated appliances, fixtures, and finishes, requiring substantial rehabilitation rather than minor updates to meet current standards or maximize rental income. This aligns with the 'poor' condition criteria, despite the well-maintained exterior.
Pros & Cons

Pros

Multifamily Investment Opportunity: This is a well-maintained four-unit multifamily property, offering a stable income stream and long-term growth potential in a high-demand rental market.
Desirable Unit Mix: The property features an excellent and versatile unit mix (one 3B/1.5B, two 2B/1.5B, one 1B/1B), appealing to a broad range of tenants and enhancing occupancy stability.
Separately Metered Utilities: Each unit is separately metered for electricity and gas, significantly reducing landlord operating expenses and promoting tenant responsibility for utility consumption.
Value-Add Potential: Currently fully leased with rents positioned below market, offering meaningful upside potential for investors to increase rental income and cash flow.
Recent Exterior Renovations & On-Site Amenities: The exterior has been recently painted and renovated, providing strong curb appeal and reduced maintenance, complemented by convenient on-site garage parking and a community laundry room for tenants.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7193, other record lot size in square feet = 7256.
Landlord-Paid Utilities: The landlord is responsible for water and trash services, which adds to ongoing operating expenses and reduces the net operating income.
Shared Water Meter: A single shared water meter for all units means there is no individual tenant accountability for water usage, potentially leading to higher consumption and costs for the landlord.
Potential for Interior Capital Expenditures: Built in 1964, while the exterior is renovated, the interior systems and finishes may be original or dated, potentially requiring significant capital investment for upgrades in the future to maximize rental value.

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