651 Weber St Pomona, CA 91768
Ganesha NeighborhoodEstimated payment $22,468/month
Highlights
- 0.69 Acre Lot
- Corner Lot
- No HOA
- Property is near public transit
- Lawn
- 4-minute walk to Kiwanis Park
About This Home
Investor’s Dream: Three Contiguous Fourplexes on a Prime Corner Lot
An exceptional opportunity to acquire The Weber Apartments—a well-maintained, 12-unit multifamily portfolio in the heart of Pomona. This rare, value-add offering includes three contiguous fourplexes, each on its own parcel, totaling approximately 30,284 SF of land and 10,800 rentable SF.
Each building features four spacious 2-bedroom, 1-bath units (approx. 900 SF per unit), all individually metered for gas and electricity. The property offers ample parking with 4 garages and 8 surface spaces per building. Additional amenities include two community laundry rooms, a large storage area, and secure perimeter fencing (iron and stucco) surrounding the corner lot.
Built in 1982, this asset is ideal for investors seeking long-term stability with substantial upside through interior renovations and rent optimization. Strategically located near schools, public transportation, shopping centers, and major freeways, The Weber Apartments combine strong fundamentals with significant potential for growth.
Listing Agent
Presidential Incorporated Brokerage Phone: 949-289-1199 License #00966678 Listed on: 04/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,033
Year Built
- Built in 1982
Lot Details
- 0.69 Acre Lot
- Two or More Common Walls
- Wrought Iron Fence
- Stucco Fence
- Landscaped
- Corner Lot
- Level Lot
- Lawn
- Garden
- Front Yard
- Density is 11-15 Units/Acre
- 8357-017-060,8357-017-061
Parking
- 12 Car Garage
- 24 Open Parking Spaces
- Converted Garage
- Parking Available
- Single Garage Door
- Parking Lot
- Assigned Parking
Home Design
- Quadruplex
- Cosmetic Repairs Needed
- Slab Foundation
- Composition Roof
Interior Spaces
- 10,800 Sq Ft Home
- 2-Story Property
- Blinds
- Living Room
- Laundry Room
Kitchen
- Gas Range
- Range Hood
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Water Heater
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 402304
- Assessor Parcel Number 8357017059
- $3,261 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 12 Units
- Greenbelt
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $2,400
- Fuel Expense $1,200
- Gardener Expense $4,800
- Insurance Expense $7,366
- Other Expense $3,000
- Professional Management Expense $1
- Trash Expense $610
- Water Sewer Expense $9,200
- New Taxes Expense $47,520
- Operating Expense $76,697
- Gross Income $201,000
- Net Operating Income $124,303
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $10,328 | $795,614 | $359,348 | $436,266 |
| 2024 | $10,328 | $780,014 | $352,302 | $427,712 |
| 2023 | $10,126 | $764,721 | $345,395 | $419,326 |
| 2022 | $9,966 | $749,727 | $338,623 | $411,104 |
| 2021 | $9,731 | $735,028 | $331,984 | $403,044 |
| 2019 | $9,939 | $713,229 | $322,138 | $391,091 |
| 2018 | $9,172 | $699,245 | $315,822 | $383,423 |
| 2016 | $8,602 | $672,094 | $303,559 | $368,535 |
| 2015 | $8,531 | $662,000 | $299,000 | $363,000 |
| 2014 | -- | $545,798 | $341,124 | $204,674 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | For Sale | $3,600,000 | -- | $333 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $871,500 | Chicago Title Company | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Grant Deed | $480,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,020,000 | Commercial | |
| Previous Owner | $1,125,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $72,000 | Credit Line Revolving | |
| Previous Owner | $360,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25086660
APN: 8357-017-061
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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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