1866 Fleming ST Pomona, CA 91766

1866 Fleming Street in Pomona is located blocks from Cal Poly Pomona, centrally located near shopping and restaurant, including Costco, Home Depot, Walmart, In and Out. The property is comprised of a (2) Two Bedroom and (1) One Bath House with a newly 2022 constructed One Bedroom and One Bath Unit in the rear of the property with a Certificate of Occupancy to be issued by end of May 2022. The property is currently rented to Cal Poly Pomona students and generates $3,400.00 a month for the two-bedroom and one bath house. Once completed, the rear unit will generate an additional $1,700.00. The GRM is 13.87 and a Cap Rate of 4.72%. The main house has been recently remodeled with new exterior paint, a newly remodeled kitchen, a freshly renovated bathroom, new flooring, on-site laundry, parking, etc. Two structures sit on 6167 Sq.Ft. Lot with the main house having 808 Sq.Ft. and the new second unit is 369 Sq.Ft. for a total of 1170 Sq.Ft.

The property is ideally suited to be used as a student housing, investor, or first-time buyer.

The seller is highly motivated! Seller has asked to see all offers.

Seller has already received the final permit on rear unit and will be issued CofO by end of May.