996 4th Street

Pomona, CA 91766

$925,000
Price
5
Beds
4
Baths
2,536 Sq. Ft.
$365 / Sq. Ft.
2,536
Sq. Ft.
$365
per Sq. Ft.

Description

We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The...We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The single cottage house features new double-paned windows, enhancing energy efciency and modernizing the unit's aesthetics. The two-bedroom unit boasts new kitchen cabinets and countertops, providing an updated and contemporary living space and new double-paned windows throughout. The property is strategically located just minutes away from Pomona Valley Hospital & Medical Center, a prominent medical facility in the area as well as the Montclair Hospital Medical Center and the Wester University of Health Sciences. The demand for housing near medical centers tends to remain strong, providing a steady pool of potential tenants and reducing vacancy risk for the property. Located just steps from the Historical Pomona Antique Row and major retailers like Costco, The Home Depot, Starbucks, 7-Eleven and many other entertainment and retail options adds to its appeal and marketability. Tenants residing in the area have easy access to unique shopping, dining, and cultural experiences offered by the antique district and other retailers. Overall, the property's location benets from its close proximity to both prominent medical facilities and a historic cultural and retail district, making it an attractive option for tenants seeking convenience, charm, and access to amenities. From an investment standpoint, this property offers solid returns. While the property has already undergone signicant upgrades, there is still opportunity for further value-add initiatives, such as enhancing landscaping, adding amenities, or implementing technology upgrades to attract higher-paying tenants. Overall, 996 East 4th Street represents a lucrative investment opportunity with its unique charm, recent upgrades, strategic location near prominent medical facilities and retail amenities, and potential for rental income and appreciation.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 996 4th Street

Zoning
POT3*
Parcel Number
8335017025
Total Units
4.0
Living Area
2536
Source Living Area
Vendor Enhanced
Area
Pomona (687)
Vacancy Rate
0
Lot Size Area
6010

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652
Add your commute
LISTING UPDATED: 04/10/2024 12:01 AM

Property Details for 996 4th Street

StatusActive
MLS #24-375985
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.14 AC / 6,010 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652
Add your commute

Building Information for 996 4th Street

Stories-Residences-Year Built1938Building Size-Lot Size0.14 AC / 6,010 SF

Payment Calculator

$5,845 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$797

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 996 4th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $61,226
  • Net Operating Income: $33,015.00
  • Gross Income: $61,226
  • Cap Rate: 3.79%
  • Gross Rent Multiplier: $14.65
  • Vacancy Allow Dollar: $1,894.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 26212
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.138
  • Lot Size Square Feet: 6010
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 4
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-04-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,195.00
  • Unit Actual Rent: $1,195.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,365.00
  • Unit Actual Rent: $1,365.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $404,648.00
  • Assessed Improvement Percent: 55.22
  • Assessed Land Value: $328,093.00
  • Assessed Land Percent: 44.78
  • Assessed Total Value: $732,741.00

Property History for 996 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 996 4th Street

Taxable ValueLand$328,093Additions$404,968Total$733,061
Tax Record2023$9,568 ($797 / month)
Home Facts
Total Finished SqFt2,536 SqFtAbove Grade Finished SqFt2,536 SqFtLot Size6,008 SqFtStyleQuadraplexYear Built1938ZoningPOT3*CountyLOS ANGELESAPN8335-017-025

Schools near 996 4th Street

This home is within Pomona Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Simons Middle School
Public6 to 8

Garey High School
Public9 to 12

School Of Arts And Enterprise
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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996 4th Street is a multi-family home for sale in Pomona, CA 91766. This property was listed for sale on April 2, 2024 by Marcus & Millichap, it's currently listed at $925,000. It has been on the market for a total of 29 days and was last sold on August 24, 2017. This listing's school district is Pomona Unified School District. Nearby schools include Washington Elementary School, Simons Middle School and Garey High School. 996 4th Street is a 5-bed, 4-bath, 2,536 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.