631 Locust Street, Pomona

$3,180,000

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4 Beds
3 Baths
.54 Acre
12 Garages

The property comprises of 15 units situated on two parcels that consist of 23,489 square feet lot of land. The property is positioned one block from Downtown Pomona between E 6th Street and E 7th Street and is within a short drive to the Fairplex, home of the annual LA County Fair and a multitude of international race car competitions and popular events. The property has been well maintained and many units have been upgraded. The property offers convenient access to nearby shops, grocery stores, eateries and municipal services.

631-639 S Locust Street features cottage-style single story duplexes and two story garden-style apartment units. The grounds are well-kept with mature and lush landscaping, individual yards, porches or patios, individual garages and an abundant amount of surface vehicle parking. The units feature fully-equipped kitchens with appliances, security screen doors, wall-to-wall carpet, wall air conditioning and heating.

The property offers convenient access to the 71, 10, 57 and 60 Freeways connecting to all of Los Angeles County, as well as Riverside, San Bernardino and Orange counties. Neighboring cities include: Chino, Chino Hills, Claremont, San Dimas, La Verne and Ontario. Pomona provides a scenic atmosphere and is within a short distance to local landmarks, such as Downtown Pomona, Fox Theatre, Raging Waters, the Pomona Superior Court, Frank G. Bonelli Regional Park, California State Polytechnic University, the Downtown Pomona Metrolink Station and more.

631-639 S Locust Street in Pomona is an income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Essential Information

MLS® #
CV24026610
Price
$3,180,000
Bedrooms
4
Bathrooms
3.00
Acres
0.54
Year Built
1948
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
631 Locust Street
Area
687 - Pomona
City
Pomona
County
Los Angeles
Zip Code
91766
Community Features
Curbs, Sidewalks
Senior Community
N

Amenities

Parking Spaces
12
Parking
Garage
# of Garages
12
Garages
Garage
Pool
None

Interior

Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
# of Stories
2
Stories
One, Two

Exterior

Lot Description
11-15 Units/Acre

Additional Information

Date Listed
February 6th, 2024
Days on Market
83
Zoning
POT3*

Listing Details

Agent
Eric Chen
Office
CB RICHARD ELLIS
Property History
Price Reduced from $3,280,000 to $3,180,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 2:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.