Pomona, CA 91766,1031 Friar LN
Pomona, CA 91766,1031 Friar LN
Pomona, CA 91766,1031 Friar LN
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$1,199,000
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9,801 Sqft Lot
Price Dropped by $60K

1031 Friar LN Pomona, CA 91766

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Rhea Wallace

Rhea Wallace

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR25263034

HOA Y/N No

Year Built 1964

Lot Size 9,801 Sqft

Property Sub-Type Quadruplex

Property Description

Investment Opportunity! Discover this well-maintained fourplex in the City of Pomona, offering strong rental income and excellent future upside. The front unit, Unit A, is a rare single-story 3-bedroom, 2-bath layout featuring a private backyard, giving tenants a desirable home-like living experience. The property offers significantly stronger cash flow compared to single-family homes or condos, making it an attractive choice for investors seeking both stability and income.

Attached to Unit A is a two-story triplex consisting of three additional units. Units B and C are well-designed 2-bedroom, 1-bath units located on the upper level, while Unit D, situated downstairs, offers 2 bedrooms and 1.5 baths. All units benefit from the convenience of onsite parking, including four single-car garages and additional guest parking spaces.

The property is separately metered with four electric meters, four gas meters, and one water meter. Tenants also enjoy a fenced front yard, full perimeter wood fencing, and a secure gated entry for added privacy and peace of mind. The exterior of the building was recently painted, making the property clean, attractive, and ready for a new owner to take over.

Current monthly rents are below market, providing a great value-add opportunity. The property generates a total monthly gross rent of $6,280, resulting in annual gross income of $75,360.

Location

State CA

County Los Angeles

Area 687 - Pomona

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Lawn

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8343009093

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Ricky Lee Ricky&Jessie Realty 9093483956

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Rolling Ridge Elementary School

    Public | KG - 6

  • 9

    Pantera Elementary School

    Public | KG - 6

  • 8

    Ranch Hills Elementary School

    Public | KG - 6

  • 8

    Eagle Canyon Elementary School

    Public | KG - 6

  • 8

    Vista del Valle Elementary School

    Public | KG - 6

  • 7

    Golden Springs Elementary School

    Public | KG - 8

  • 7

    Diamond Point Elementary School

    Public | KG - 6

  • 7

    Lexington Elementary School

    Public | KG - 8

  • 6

    Cortez Elementary School

    Public | KG - 8

  • 5

    Philadelphia Elementary School

    Public | KG - 6

  • 4

    Westmont Elementary School

    Public | KG - 6

  • 4

    Decker Elementary School

    Public | KG - 6

  • 4

    Roosevelt Elementary School

    Public | KG - 5

  • 4

    Vejar Elementary School

    Public | KG - 8

  • 4

    La Verne Science and Technology Charter

    Public | KG - 6

  • 4

    Madison Elementary School

    Public | KG - 6

  • 4

    San Jose Elementary School

    Public | KG - 8

  • 4

    San Antonio Elementary School

    Public | KG - 5

  • 4

    Allison Elementary School

    Public | KG - 6

  • 4

    Dickson Elementary School

    Public | KG - 6

Middle Schools 13
  • 10

    Canyon Hills Junior High School

    Public | 7 - 8

  • 5

    Marshall Middle School

    Public | 6 - 8

  • 5

    School of Arts and Enterprise

    Public | 6 - 12

  • 4

    Fremont Academy of Engineering and Design

    Public | 7 - 12

  • 4

    Palomares Academy of Health Science

    Public | 7 - 10

  • 4

    Simons Middle School

    Public | 6 - 8

  • 2

    Emerson Middle School

    Public | 6 - 8

  • 0

    Pomona Catholic High School

    Private | 6 - 12

  • 0

    Pomona Alternative

    Public | 7 - 10

  • 0

    Pomona Community Day

    Public | 7 - 12

  • 0

    Grace Christian School

    Private | 7 - 11

  • 0

    Pueblo

    Public | 8 - 8

  • 0

    School of Extended Educational Options

    Public | 7 - 12

High Schools 7
  • 9

    Village Academy High School at Indian Hill

    Public | 9 - 12

  • 7

    Diamond Ranch High School

    Public | 9 - 12

  • 5

    Don Antonio Lugo High School

    Public | 9 - 12

  • 4

    Ganesha High School

    Public | 9 - 12

  • 3

    Garey High School

    Public | 9 - 12

  • 2

    Pomona High School

    Public | 9 - 12

  • 0

    Park West High (Continuation)

    Public | 9 - 12

School and business data provided by Attom Data.

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1031 Friar LN