$945,000

Estimated payment $5,562/month

Total Views 616
2 Beds
1 Bath
3,480 Sq Ft
$272 Price per Sq Ft

About This Home

Pleased to exclusively present the opportunity to acquire 550-556 Laurel Avenue, a well-maintained four-unit multifamily property located in the
City of Pomona, a centrally located rental market within the San Gabriel Valley. The property consists of four spacious two-bedroom, one-bathroom units situated on a single parcel. The property has benefited from significant capital improvements, including the installation of new electrical panels for each unit in 2025. Ownership has also completed extensive interior renovations throughout the majority of the units, featuring upgraded kitchens and bathrooms, updated cabinetry, modern backsplash finishes, vinyl plank flooring, newer carpeting, and other improvements designed to enhance resident appeal. Additionally, the property has been under the same ownership for more than 25 years, reflecting long-term care and stewardship. The owner is also selling 547 William Street, Pomona which is contiguous to this property. Each unit is individually metered for gas and electricity and is serviced by its own hot water heater. There are single-car garages for each unit. Additional property improvements include partial plumbing upgrades through repiping of select units. Residents also benefit from an on-site laundry facility (owned), including a newly installed dryer in 2026. Located within an established residential neighborhood, convenient access to major transportation corridors including Interstate 10, State Route 60, State Route 57, and State Route 71, connecting residents to employment centers throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. With a desirable all two-bedroom floor plan, 49% rental upside, extensive interior renovations, individually metered utilities, and strong rental market fundamentals, 550-556 Laurel Avenue presents investors with an opportunity to acquire a well-positioned multifamily asset offering both stable in-place income and long-term appreciation potential within a supply-constrained Southern California market.

Listing Agent

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 06/15/2026

Co-Listing Agent

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,682 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,480 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 11 / 181
  • Tax Tract Number 4023
  • Assessor Parcel Number 8340023020
  • $1,313 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $112
  • Fuel Expense $420
  • Gardener Expense $1,200
  • Insurance Expense $4,000
  • Maintenance Expense $3,100
  • Pest Control $625
  • Trash Expense $4,639
  • Water Sewer Expense $1,015
  • New Taxes Expense $12,578
  • Operating Expense $27,901
  • Gross Income $65,369
  • Net Operating Income $37,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,682 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1015.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8340023020
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 271.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 625.00
  • Sewer: Public Sewer
  • Trash Expense: 4639.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7682.00
  • Lot Size Acres: 0.1764

Multi Family

  • Electric Expense: 112.00
  • Fuel Expense: 420.00
  • Gross Income: 65369.00
  • Gross Operating Income: 65369.00
  • Gross Scheduled Income: 64152.00
  • Insurance Expense: 4000.00
  • Laundry Income: 2500.00
  • Lot Size Area: 7682.0000 Square Feet
  • Maintenance Expense: 3100.00
  • Net Operating Income: 37468.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27901.00
  • Rent Control: Yes
  • Total Expenses: 27901.00

Tax Info

  • New Taxes Expense: 12578.00
  • Tax Block: 181
  • Tax Lot: 11
  • Tax Tract Number: 4023.03
  • TaxOtherAnnualAssessmentAmount: 1313.00

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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,600 $341,213 $156,388 $184,825
2024 $5,018 $334,523 $153,322 $181,201
2023 $4,924 $327,965 $150,316 $177,649
2022 $4,841 $321,535 $147,369 $174,166
2021 $4,714 $315,231 $144,480 $170,751
2020 $4,698 $313,220 $142,999 $170,221
2019 $4,795 $307,104 $140,196 $166,908
2018 $4,378 $301,108 $137,448 $163,660
2016 $4,096 $288,244 $132,111 $156,133
2015 $4,064 $283,915 $130,127 $153,788
2014 $4,057 $278,354 $127,578 $150,776
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/15/2026 06/15/26 For Sale $945,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26130137

California Regional Multiple Listing Service (CRMLS)

APN: 8340-023-020

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