MLS® ID: CV19127626
206 E Alvarado Street
Pomona, California, 91767 $3,898,000
Current Cap Rate of 5.11% and 12.45 GRM.
The Casa Bonita Apartments, a 20 unit investment opportunity located in Pomona, California The asset rests on a 0 40 acre lot and is located South of Interstate 10 and East of Garey Avenue Casa Bonita was built in 1928 updated in 2018 and consists of 8 studio/one bathroom and 12 one bedroom/one bathroom floorplans Along with its Spanish style architecture, the property features gated access that opens to a well manicured courtyard. Approximately 18 units have been updated and feature new vinyl/plank flooring, new kitchen cabinets, countertops and paint.
All units are individually metered for electricity and mastered metered for gas and central water heater. The buildings exterior has recently been painted and features new
landscape and light fixtures. Parking consists of 10 covered/gated spaces that are accessible by way of a rear alley There is also ample on street parking in the front and on the side of the property Laundry is on site and includes two sets of leased washer and dryers.