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$ 990,000
Est. payment | /mo
8 Beds
2,900 SqFt
$ 990,000
Est. payment | /mo
8 Beds
2,900 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $341
MLS Listing ID CRAR25082791
Bedrooms 8
HOA Y/N No
Year Built 1903
Lot Size 9,148 Sqft
Acres 0.21
Property Sub-Type OTHER
Property Description
695 W Main Street, Pomona, a beautifully located single family residential that is operated as a student housing and carries a significant value-add opportunity. Offered at a very low price compared to competing properties and an extremely attractive ±7.14% CAP Rate (as a fully occupied student housing - buyer to verify), this offering provides an excellent ±9.47% Cash-on-cash return with a low downpayment on a 30-year fixed mortgage (buyer to verify). The property is strategically located in Pomona Historical District, and within walking distance from Downtown Pomona. It has a very high Walk Score of 92 and only less than 10 minutes to CAL POLY POMONA. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. It is currently leased out to CAL POLY Pomona students with only 3 remaining bedrooms available. The property was built in 1903, a two-story colonial architectural style, and has a total of 8 bedrooms and two bathrooms. It has a large 2,900sf living space and is situated on a large 9,145sf lot. It has been fully upgraded with modern upgrades, and electrical panels have been upgraded as well. The large bathroom is a communal bathroom with triple sinks, three shower stal
Location
State CA
County Los Angeles
Zoning POAP
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Laundry Dryer, Gas Dryer Hookup, Washer, Other
Exterior
Exterior Feature Front Yard
Utilities Available Sewer Connected
View Y/N false
View None
Total Parking Spaces 4
Building
Lot Description Other, Front Yard, Landscape Misc
New Construction No
Others
Tax ID 8336014001
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Han Chen • Growth Investment Group Pasade
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com