5442 Pomona Boulevard, East Los Angeles, California 90022, East Los Angeles, 90022 - bed, bath
ACTIVE$1,599,000
5442 Pomona Boulevard, East Los Angeles, California 90022
0Bed
0Bath
4,808Sqft
10,037Lot
Year Built
1950
Close
-
List price
$1.6M
Original List price
$1.8M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
PW24159623
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(94th), sqft - 4808(94th), beds - undefined(50th), baths - undefined(50th).
$200,000 Price Adjustment! Looking for positive cash flow? This pride of ownership well maintained 6 unit single story investment property is ready for you. 5442 & 5444 Pomona Units are: 5 - 2 Bedroom/1Bath and 1- 1 Bedroom/1Bath. Non smoking and no pet property. On street parking is available. Rear parking via alley access is gated and fully fenced includes 10 parking and 1 handicap space. Possibility to add ADU/Units on this 10,037 square foot lot. Great East Los Angeles location, near Atlantic Blvd./60 & 710 Freewa6ys; Public Transportation; Blue Line; Shopping and Services.
Price History
Date
Event
Price
01/27/97
Sold
$215,000
Condition Rating
Good
Despite being built in 1950, the property's interior units, as shown in the images, have undergone significant and recent renovations. The kitchens feature updated white cabinetry, modern countertops, and stainless steel sinks, while the bathrooms boast new vanities and tiled shower surrounds. Laminate wood flooring is consistently installed throughout the living areas and bedrooms, contributing to a clean and cohesive look. The overall impression is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for extensively renovated properties within the last 5-15 years, even if the original structure is older. The property appears well-maintained, as stated in the description.
Pros & Cons
Pros
Strong Income Potential: This is a 6-unit investment property explicitly marketed for 'positive cash flow,' offering a diversified income stream with 5 x 2 Bed/1 Bath and 1 x 1 Bed/1 Bath units.
Significant Development Upside: The generous 10,037 square foot lot presents a clear 'possibility to add ADU/Units,' enhancing future value and income generation potential.
Substantial Price Adjustment: A recent $200,000 price reduction from the original list price indicates a motivated seller and potentially better value for prospective buyers.
Ample & Secure Parking: The property boasts excellent parking facilities, including a gated and fully fenced rear area with 10 standard spaces and 1 handicap space, accessible via an alley, in addition to on-street parking.
Strategic Location & Accessibility: Located in East Los Angeles, the property offers superb connectivity, being near major freeways (60 & 710), public transportation (Blue Line), shopping, and essential services.
Cons
Property Age & Potential Capital Expenditures: Built in 1950, despite being described as 'well maintained,' an older property may require significant future capital expenditures for major systems like roofing, plumbing, or electrical infrastructure.
Restrictive Tenant Policies: The 'Non smoking and no pet property' policy, while beneficial for property preservation, could potentially limit the tenant pool in a market where pet-friendly options are often sought after.
Unit Count Discrepancy: The property description states '6 unit' while the sub_type is listed as 'Quadruplex,' which could lead to confusion regarding zoning compliance, financing, or the legal number of units.