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530 Curran Place, Pomona, CA 91766
Priced at Only: $6,400,000
For more Information Call Mobile: 714.478.6676
Address: 530 Curran Place, Pomona, CA 91766
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  • MLS#: AR25185110 ( Apartment )
  • Street Address: 530 Curran Place
  • Viewed: 3
  • Price: $6,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 64
  • Additional Information
  • County: LOS ANGELES
  • City: Pomona
  • Zipcode: 91766
  • Provided by: Growth Investment Group Pasade
  • Contact: Han Han
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    OVER 6% CAP RATE 530578 Curran Place & 1584 W Mission Blvd, Pomona a beautifully maintained and extensively upgraded 28 unit multifamily investment opportunity in the heart of Pomona. This attractive, value add asset is situated on a generous 0.98 acre lot and delivers an attractive 6.01% in place CAP Rate with significant rental upside through strategic lease up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor. The property consists of 2 lots (530 Curran Pl 24 units, and 1584 W Mission Blvd 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two bedroom/one bath units and 4 one bedroom/one bath units all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner. The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded to security lighting in the parking area with dusk to dawn LED lights, and 32 camera security system feed the managers unit onto a full screen monitor capable of playback and remote access to tablet, computer, or phone installed (2021) and recently upgraded. Approximately fifteen (15) units have been thoughtfully remodeled with smooth ceilings, recessed lighting, updated kitchens, tiled bathroom, and laminate flooring. Parking is provided by carport and open space in the back. It has 30 parking spaces (24 covered with large storage cabinets and 6 open spaces). A brand new grocery store is also within walking distance adding to the day to day convenience for tenants.
Features
Additional Parcels Description
  1. 8349004025
Appliances
  1. Disposal
  2. Gas Range
Assessments
  1. Buyer to Verify
Association Fee
  1. 0.00
Building Area Total
  1. 22712.00
Carport Spaces
  1. 24.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 21
Current Financing
  1. Conventional
Direction Faces
  1. West
Electric
  1. Standard
Electric Expense
  1. 4724.00
Fencing
  1. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Laminate
  2. Tile
  3. Vinyl
  4. Wood
Fuel Expense
  1. 5000.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 9400.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 17573.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
  2. Community
Laundry Income
  1. 7978.00
Levels
  1. Two
Lockboxtype
  1. None
  2. Call Listing Office
  3. See Remarks
Lot Features
  1. Garden
  2. Landscaped
  3. Lawn
  4. Level with Street
  5. Lot Over 40000 Sqft
  6. Rectangular Lot
  7. Level
  8. Near Public Transit
  9. Sprinkler System
Netoperatingincome
  1. 384431.00
Newtaxesexpense
  1. 75966.00
Number Of Separate Electric Meters
  1. 29
Number Of Separate Gas Meters
  1. 29
Number Wallac
  1. 28
Number With Disposal
  1. 28
Number With Range
  1. 28
Parcel Number
  1. 8349004027
Parking Features
  1. Assigned
  2. Carport
  3. Detached Carport
  4. Paved
Pest Control Expense
  1. 2770.00
Pool Expense
  1. 8360.00
Pool Features
  1. Private
  2. Community
Postalcodeplus4
  1. 1207
Professionalmanagementexpense
  1. 18000.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Road Surface Type
  1. Paved
Roof
  1. Asbestos Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 445315089:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 49379.00
Totalexpenses
  1. 204080.00
Trash Expense
  1. 15837.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Available
  5. Sewer Connected
  6. Water Connected
View
  1. City Lights
Water Sewer Expense
  1. 22292.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. POT3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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