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1072 W Wilson St
Pomona, CA 91768

$2,650,000 USD

Apartments For Sale  •  8,104 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,104 SF
  • Lot Size 0.38 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 4.05 %
  • Zoning R3, Pomona
32 Transit Score
67 Walk Score

Highlights

Strong unit mix of four 1-bedroom/1-bath units and six 2-bedroom/1-bath units
Current rents over 25% below market, presenting significant rental upside and potential to achieve a Pro Forma CAP rate of 5.74%
Five of the units are completed renovated with new flooring, kitchen and bathroom
Amenities include ten enclosed garages, an on-site laundry facility, secure gated access, and a spacious courtyard
Located on a large 17,442 square foot corner lot in a quiet residential neighborhood
Close proximity to key attractions like Downtown Pomona, the Pomona Fairplex, and Auto Club Raceway

Financial Summary (Actual)

Net Operating Income: $107,385 USD (2023)
Cap Rate: 4.05 %
Total Expenses: $73,851 USD

Amenities

  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Downtown Pomona (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.5 mi
Pomona (North) (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.9 mi
AirportDriveWalkDistance
Ontario International 17 min - 11.2 mi
John Wayne/Orange County 42 min - 33.2 mi
Long Beach (Daugherty Field) 50 min - 38.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
David Lin 626-257-8502 Colliers
David Lin 626-257-8502 Colliers