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812 S Towne Avenue Pomona, CA 91766
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Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV23146797
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to this incredible duplex property with endless potential for expansion and increased value! Situated on a spacious lot in the heart of Pomona, this property offers the unique opportunity to subdivide the land and build two additional units on each parcel, resulting in a total of four units. The existing duplex boasts two well-maintained and spacious units, featuring a Three Bedrooms, One Bathroom, and a Two Bedroom, One Bathroom. Both units have long time renters that would prefer to stay if possible. With the potential to build two additional units on each subdivided parcel, this property presents an exceptional investment opportunity. By expanding the property, you can significantly increase rental income and property value. Imagine the potential for substantial monthly cash flow and long-term appreciation! The expansive lot offers plenty of space for outdoor activities, gardening, or even the addition of amenities such as a communal patio or BBQ area. The property is conveniently located in a desirable neighborhood, close to schools, parks, shopping centers, and major transportation routes, ensuring easy access to all amenities. Investors and developers will appreciate the flexibility and potential this property offers. Whether you choose to subdivide and build additional units or simply enjoy the existing duplex, the upside in rents and property value is undeniable. Don't miss out on this incredible opportunity to own a duplex with the potential for expansion and increased returns. Schedule a showing today and explore the possibilities that await you in this re
Location
State CA
County Los Angeles
Zoning Public Rec
Exterior
View Y/N No
Building
Story 1
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Bought with Jorge Jara Universal Property Brokers
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