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270 E 6th Street, Pomona, California 91766, Pomona, - bed, bath

home-pic
ACTIVE$1,100,000
270 E 6th Street, Pomona, California 91766
0Bed
0Bath
3,600Sqft
7,802Lot
Year Built
1981
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25105233
Home ConditionFair
Features
View-

About this home

Exceptional Investment Opportunity – 4-Unit Property in Prime Pomona Location! Don’t miss this rare chance to own a well-maintained 4-unit multi-family property in the heart of Pomona! Each unit features 2 spacious bedrooms and 1 full bathroom, offering comfortable living for tenants and consistent rental income for investors. Property highlights include: Four individual units – all currently occupied with long-term, month-to-month tenants, 1-car garage per unit plus 1 assigned parking space per unit for added convenience. Additional street parking available. Community laundry room on-site. Located near major freeways, schools, shopping centers, and public transportation. This is a perfect opportunity for investors looking to expand their portfolio with a stable, income-generating property. Whether you're a seasoned investor or just getting started, this Pomona gem offers both strong rental potential and future upside.

Price History

Date
Event
Price
11/02/25
Price Change
$1,100,000
05/13/25
Listing
$1,199,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot3,6002,112
83%
Lot Size7,8027,571
50%
Price$1.1M$784K
67%
Price per square foot$306$399.5
17%
Built year19819810982
83%
HOA
Days on market176158
50%
Condition Rating
Fair
The property was built in 1981, making it over 40 years old. While the description states it is 'well-maintained' and currently occupied, there are no interior images provided to assess the condition of the kitchens and bathrooms directly. The exterior images show a building typical of its age, and visible window AC units suggest older or non-central cooling systems. Without evidence of recent major renovations, it's highly probable that the interiors, especially kitchens and bathrooms, are dated and would require minor updates to meet current aesthetic and functional standards, aligning with a 'fair' condition.
Pros & Cons

Pros

High-Yield Investment Opportunity: This 4-unit quadruplex is explicitly marketed as an 'Exceptional Investment Opportunity' with 'consistent rental income' and 'strong rental potential,' ideal for portfolio expansion.
Prime & Convenient Location: Situated in the 'heart of Pomona,' the property offers excellent access to major freeways, schools, shopping centers, and public transportation, enhancing tenant appeal.
Stable Occupancy & Immediate Income: All four units are 'currently occupied with long-term, month-to-month tenants,' ensuring immediate and stable cash flow for a new owner without vacancy concerns.
Ample Tenant Amenities: Each unit benefits from a 1-car garage plus an assigned parking space, complemented by a convenient on-site community laundry room, adding significant value for tenants.
Diversified Income Stream: As a quadruplex with four individual 2-bedroom, 1-bathroom units, it provides a diversified income stream, mitigating risk compared to single-unit investments.

Cons

Tenant Lease Structure: The 'month-to-month' tenancy, while offering flexibility, presents a potential risk of higher turnover and less predictable income stability compared to fixed-term leases, and may indicate rents are below current market rates.
Property Age & Potential for Capital Expenditures: Built in 1981, the property is over 40 years old. While described as 'well-maintained,' older buildings often require significant capital expenditures for system updates (e.g., HVAC, plumbing, electrical) and cosmetic renovations to remain competitive.
Price Reduction History: The property has seen a significant price reduction from its original listing of $1,199,000 to $1,100,000, which could indicate a previous overvaluation or a struggle to attract buyers at the initial price point, potentially signaling market resistance.

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