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669 ,687,651 Weber St., Pomona, 91768 - bed, bath

669 ,687,651 Weber St. home-pic-0
ACTIVE$3,300,000
669 ,687,651 Weber St.
0Bed
0Bath
10,800Sqft
30,101Lot
Year Built
1982
Close
-
List price
$3.3M
Original List price
$3.6M
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
OC25086660
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.30M(75th), sqft - 10800(75th), beds - undefined(50th), baths - undefined(50th).

Investor’s Dream: Three Contiguous Fourplexes on a Prime Corner Lot An exceptional opportunity to acquire The Weber Apartments—a well-maintained, 12-unit multifamily portfolio in the heart of Pomona. This rare, value-add offering includes three contiguous fourplexes, each on its own parcel, totaling approximately 30,284 SF of land and 10,800 rentable SF. Each building features four spacious 2-bedroom, 1-bath units (approx. 900 SF per unit), all individually metered for gas and electricity. The property offers ample parking with 4 garages and 8 surface spaces per building. Additional amenities include two community laundry rooms, a large storage area, and secure perimeter fencing (iron and stucco) surrounding the corner lot. Built in 1982, this asset is ideal for investors seeking long-term stability with substantial upside through interior renovations and rent optimization. Strategically located near schools, public transportation, shopping centers, and major freeways, The Weber Apartments combine strong fundamentals with significant potential for growth.

Price History

Date
Event
Price
08/06/25
$3,300,000
04/25/25
$3,600,000
Condition Rating
Fair
The property was built in 1982, making it 42 years old. While the description states it is 'well-maintained,' the images reveal significantly outdated interiors, particularly in the kitchens and bathrooms. Kitchens feature older white appliances, laminate countertops, and dated wood cabinets, while bathrooms have older vanities, fixtures, and tile/linoleum. Flooring throughout appears to be worn carpet and sheet vinyl. The presence of window AC units suggests a lack of modern central cooling. The property is functional but clearly requires substantial interior renovations to meet current standards and achieve 'rent optimization' as noted in the listing. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated and require more than minor updates, but not structural rehabilitation.
Pros & Cons

Pros

Multi-Unit Portfolio: This offering comprises three contiguous fourplexes, totaling 12 units, providing a significant scale for investors seeking a substantial residential income property.
Value-Add Opportunity: The property is explicitly marketed as a 'value-add offering' with 'substantial upside through interior renovations and rent optimization,' indicating clear potential for increased cash flow and equity growth.
Individual Metering: All units are individually metered for gas and electricity, a key advantage for landlords as it shifts utility costs to tenants, thereby reducing operating expenses and increasing net income.
Strategic Location: Positioned near schools, public transportation, shopping centers, and major freeways, ensuring strong tenant demand and convenient access to essential amenities and commuter routes.
Ample Parking & Amenities: The property offers generous parking with 4 garages and 8 surface spaces per building, alongside two community laundry rooms and a large storage area, enhancing tenant appeal and convenience.

Cons

Age of Property: Built in 1982, the property is over 40 years old, which may imply aging infrastructure, systems (e.g., plumbing, electrical), and potential for higher maintenance costs or the need for significant capital expenditures in the near future.
Required Renovations: While offering value-add potential, the need for 'interior renovations' suggests that units may be dated or not fully modernized, requiring immediate capital investment to achieve optimal rental rates and tenant satisfaction.
Recent Price Reduction: The list price has been reduced from $3.6 million to $3.3 million, which could indicate a lack of market interest at the original price point or suggest potential underlying issues that warrant further due diligence.

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