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724 W 2nd, Pomona, California 91766, Pomona, 91766 - 5 bed, 3 bath

724 W 2nd, Pomona, California 91766 home-pic-0
ACTIVE$875,000
724 W 2nd, Pomona, California 91766
5Beds
3Baths
2,978Sqft
7,763Lot
Year Built
1902
Close
-
List price
$875K
Original List price
$825K
Price/Sqft
$294
HOA
-
Days on market
-
Sold On
-
MLS number
CV25247525
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Great Deal:The estimated price is 4% above the list price. We found 4 Cons,5 Pros. Rank: price - $875.0K(75th), sqft - 2978(98th), beds - 5(94th), baths - 3(68th).

Welcome to 724 W 2nd Street, Pomona – a beautifully redone property offering exceptional versatility and strong income potential. Previously leased to college students, this home is perfectly configured for continued rental use, shared living, or an easy conversion into a traditional single-family residence. The property is currently set up as two separate units: Lower unit: 4 bedrooms, 1 bathroom Upper unit: 3 bedrooms, 1 bathroom Each space has been tastefully remodeled from top to bottom, blending modern finishes with functional design. Whether you're an investor seeking a turnkey rental near local universities or a homeowner looking for flexible multi-generational living, the layout adapts to fit your needs. Located just minutes from the vibrant Pomona Downtown Arts District and a short drive to the prestigious Claremont Colleges, this home offers incredible access to shopping, dining, cultural events, and education hubs. Don’t miss this rare opportunity to own a fully updated property with built-in flexibility, a prime location, and long-term upside!

Price History

Date
Event
Price
11/27/25
Price Change
$875,000
11/26/25
Listing
$825,000
05/17/21
Sold
$625,000
Condition Rating
Excellent
Despite being built in 1902, this property has undergone a comprehensive, 'tastefully remodeled from top to bottom' renovation, likely within the last 5 years. Both kitchens feature new white shaker cabinets, quartz-like countertops, subway tile backsplashes, new stainless steel appliances, and modern black fixtures. All bathrooms are updated with new vanities, modern black fixtures, new tile flooring, and new shower/tub surrounds. The entire property boasts new laminate wood-look flooring, fresh paint, and modern light fixtures throughout, presenting as virtually new with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Versatility & Income Potential: Configured as two separate units (4BD/1BA & 3BD/1BA), the property is ideal for rental income, particularly to college students, multi-generational living, or an easy conversion to a traditional single-family home.
Turnkey Remodeled Condition: The property has been 'tastefully remodeled from top to bottom,' offering modern finishes and functional design, which significantly reduces immediate renovation needs for a new owner.
Strategic Location: Proximity to the vibrant Pomona Downtown Arts District and a short drive to the prestigious Claremont Colleges provides excellent access to cultural events, dining, shopping, and educational institutions, enhancing rental demand and lifestyle appeal.
Dual-Unit Configuration: The existing setup as two distinct units maximizes rental capacity and offers flexible living arrangements, catering to investors and those seeking multi-generational housing solutions.
Long-Term Investment Upside: Positioned in an area with strong educational and cultural hubs, combined with its flexible layout and updated condition, the property presents significant potential for long-term appreciation and sustained rental demand.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Historic Property Challenges: Built in 1902, the property, despite renovations, may still present challenges associated with older construction, such as potential for outdated infrastructure (e.g., plumbing, electrical beyond cosmetic updates) or foundation concerns not explicitly detailed in the remodel.
Inconsistent Property Details: A notable discrepancy exists between the description's unit breakdown (7 total bedrooms, 2 total bathrooms) and the structured data (5 beds, 3 baths), which requires clarification for accurate assessment and marketing.
Rapid Price Appreciation: The property's current listing price of $875,000 represents a substantial increase from its 2021 sale price of $625,000, which may warrant careful market analysis to justify the current valuation to potential buyers.

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