1170 Murchison Avenue, Pomona CA, 91768

Sold

1170 Murchison Avenue

Pomona CA, 91768

$7,500,000

$129.45 per sqft

Sold

57,936 sqft

Residential

Built in 1964

Listed by Benjamin Lin with RE/MAX 1000 Realty 626-656-8600

52 Large Townhome Style Units. High growth area. Easy access to 10, 60, and 57 freeways. Close to Cal Poly Pomona. Rent below market. Actual Income: $703,500. Market Rent: $800,000. No rent control. Rent can be easily adjusted by the new owner. Long term tenants. Unit Mix: 30 - 3 Bedrooms 2 Baths, 22 - 2 Bedrooms 2 Baths. Average unit size is more than 1,114 sq. ft. Large Lot! Lot Size: 174,240 sq. ft. Building: 57,936 sq. ft. There is an extra lot in the back. Buyer to verify with city to build extra units. Many new homes surround this property. Buyer to verify subdivision possibilities w/city. Well maintained by the owner and tenants. Recently renovated - spent over $500K. Central Air Condition, Seperate meters, Also, Seperate water heater. Low expenses

AR14082504

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Total Stories: 2
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Forced Air

Exterior/Building Features

Lot Size: 4 Acres
Lot Features: 21-25 Units/Acre

Other Property Details

Area Name: 687 - Pomona
Days on Market: 71
Association Amenities: Pool
Garage: No
Parking Total: 104
View: No
County: Los Angeles
Water Source: Public
Pool: Yes
Pool Features: Private, Association
Utilities: Sewer Connected

Listing Contact: 626-656-8600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 6:08 PM UTC