586 W Center Street, Pomona, California 91768, Pomona, 91768 - 5 bed, 3 bath
ACTIVE$950,000
586 W Center Street, Pomona, California 91768
5Beds
3Baths
1,688Sqft
5,607Lot
Year Built
1937
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$563
HOA
-
Days on market
-
Sold On
-
MLS number
IG25140148
Home ConditionPoor
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $950.0K(50th), sqft - 1688(50th), beds - 5(75th), baths - 3(75th).
Prime Investment Opportunity – Triplex in the Heart of Pomona! Discover a rare opportunity to own a triplex in near the center of Pomona. Perfect for investors or owner-occupants, this multi-unit property offers both strong income potential and long-term appreciation. Each unit features their very own private entrance and independent utility meters. Whether you're looking to live in one unit and rent out the others, or fully lease all three, this property offers maximum flexibility and value. This opportunity is a one of a kind with a motivated seller.
Price History
Date
Event
Price
06/28/25
Listing
$950,000
Condition Rating
Poor
Built in 1937, this property is significantly aged. The images reveal kitchens and bathrooms that are severely outdated, likely renovated 30-50 years ago, featuring old appliances, basic cabinetry, and dated tile. The exterior shows clear signs of deferred maintenance with extensive peeling paint. While functional, the property requires substantial repairs and rehabilitation to meet modern living standards and address its overall worn condition.
Pros & Cons
Pros
Multi-Unit Income Potential: As a triplex, the property offers diversified income streams and the flexibility for an owner-occupant to live in one unit while renting out the others, or to fully lease all three.
Independent Utilities & Entrances: Each unit features its own private entrance and independent utility meters, which significantly enhances tenant desirability and simplifies property management and billing.
Prime Investment Opportunity: Explicitly marketed as a 'Prime Investment Opportunity' with 'strong income potential and long-term appreciation,' appealing directly to investors.
Central Pomona Location: Situated 'in the Heart of Pomona,' suggesting good accessibility, potential for high tenant demand, and proximity to local amenities.
Motivated Seller: The mention of a 'motivated seller' could indicate a greater willingness to negotiate on price or terms, presenting a potential advantage for buyers.
Cons
Advanced Age of Property: Built in 1937, the property is nearly 90 years old, which often implies a higher likelihood of needing significant capital expenditures for major system replacements (e.g., plumbing, electrical, HVAC) and general modernization.
Lack of Detailed Unit Information: The listing provides total beds/baths (5 beds, 3 baths) but lacks a breakdown per unit, making it challenging to assess individual unit layouts, rental value, and overall functionality for prospective tenants.
Absence of Financial Performance Data: For an investment property, the description does not include crucial financial details such as current rental income, operating expenses, or a pro forma, which are essential for investor due diligence and return on investment calculations.