$6,880,000

1111 E 7th St Pomona, CA 91766

Pomona East Neighborhood

Estimated payment $43,536/month

Total Views 11,122
3 Beds
2 Baths
23,694 Sq Ft
$290 Price per Sq Ft

Highlights

  • 0.92 Acre Lot
  • Community Pool
  • Laundry Room

About This Home

We are pleased to present the opportunity to acquire a 30-unit value-add multifamily, located in City of Pomona. Built in 1963, the subject proporty is located at one of the most desirable rental market in San Gabriel Valley, and it offers an excellent unit mix comprised of (1) one-bedroom unit and (29) two-bedroom units. The property offers private gated entrance and well-maintained common area with attractive financial. Potential ADU. Buyer to satisfy its own investigation.

Listing Agent

Grady Liu

MacroReal Inv Grp Inc. Brokerage Email: gradyl@macroreal.com License #01290494 Listed on: 04/21/2025

Co-Listing Agent

Hao Ding

MacroReal Inv Grp Inc. Brokerage Email: gradyl@macroreal.com License #02024511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.92 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 23,694 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tax Tract Number 1
  • Assessor Parcel Number 8327011021
  • Tax Block 197
  • $7,059 per year additional tax assessments

Community Details

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 31 Separate Electric Meters
  • 31 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $663,084
  • Net Operating Income $425,774

Additional Features

  • 30 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 229333
  • Property Attached: Yes
  • Zoning: POR31000*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8327011021
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 290.37

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 40187.00
  • Lot Size Acres: 0.9226

Multi Family

  • Gross Operating Income: 663084.00
  • Gross Scheduled Income: 656481.00
  • Lot Size Area: 40187.0000 Square Feet
  • Net Operating Income: 425774.00
  • Number Of Separate Electric Meters: 31
  • Number Of Separate Gas Meters: 31
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 30
  • Operating Expense: 237310.00
  • Other Income1: 26297.00
  • Rent Control: Yes
  • Vacancy Allowance: 19694

Tax Info

  • Tax Block: 197
  • Tax Census Tract: 4028.01
  • Tax Tract Number: 0.90
  • TaxOtherAnnualAssessmentAmount: 7059.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $6,880,000 +162.1% $290 / Sq Ft
04/26/2013 04/26/13 Sold $2,625,000 -2.8% $111 / Sq Ft
04/21/2013 04/21/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $2,700,000 -- $114 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25087006

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pomona 91766 Pomona East

1111 E 7th St, Pomona, CA

This home is located at 1111 E 7th St, Pomona, CA 91766 and is currently priced at $6,880,000, approximately $290 per square foot. This property was built in 1963. 1111 E 7th St is a home located in Los Angeles County with nearby schools including Washington Elementary School, Simons Middle School, and Garey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Grady Liu
Section Image
MacroReal Inv Grp Inc.
(909) 403-0012