756 Karesh
Pomona, CA 91767
$1,220,000
- 0.16 acres
- Built 1960
Listed by 1000 Realty Corporation · MLS #AR26175151
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PROPERTY QUESTIONS & SHOWINGS
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756 Karesh, Pomona, CA 91767 · MLS #AR26175151
A FEW THINGS TO NOTICE
What stands out.
Details worth a look
Additional highlights include a quiet tree-lined street, attractive courtyard, abundant parking, and individual electric metering throughout the complex, helping keep operating expenses manageable.
Year built
Built in 1960.
Property size
0.16 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
One of the property's strongest advantages is its exceptional entry price. A comparable 6-unit property on Karesh Avenue, 602 Karesh Ave., is currently offered at $1,320,000. This property is offered at just $1,220,000 — approximately $100,000 less, creating an attractive opportunity for investors seeking value and rental upside.
The property features six spacious 1-bedroom/1-bath units, a desirable unit configuration that is easy to rent and straightforward to manage. The property is 100% occupied with long-term tenants, providing immediate in-place income and stability.
Additional highlights include a quiet tree-lined street, attractive courtyard, abundant parking, and individual electric metering throughout the complex, helping keep operating expenses manageable. The property is in good condition and offers an investor the opportunity to acquire a well-established multifamily asset without the operational complexity often associated with larger apartment buildings.
The units feature large, spacious living areas and bedrooms, along with walk-in closets, providing desirable living space for tenants.
Current rents are below market, creating meaningful potential for future rental growth and increased cash flow, subject to applicable laws and market conditions.
The location provides convenient access to shopping, restaurants, grocery stores, employment centers, schools and major transportation routes. The Valley Shopping Center, for example, is located in the 91767 area near Arrow Highway and Towne Avenue, while Pomona offers a broad range of shopping, dining and everyday services.
THE NEIGHBORHOOD
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756 Karesh, Pomona, CA 91767
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1960
- Garage spaces
- 0
- Pool
- No
- Pool features
- None
- Parcel
- 8323029011
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
OWNERSHIP, WITH A PLAN
Investor outlook.
Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.
ERA PROPERTY MANAGEMENT
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Listing information
MLS #AR26175151 · California Regional MLS
Listing brokerage: 1000 Realty Corporation
Listing agent: Benjamin Lin
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
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