$1,480,000
$1,500,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
5,376 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $1,480,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,376 sqft
Price per Sqft $275
MLS Listing ID ML81968309
Sold Date 11/01/24
Bedrooms 1
Full Baths 1
Year Built 1925
Lot Size 0.358 Acres
Property Description
217 E 7th St is located in Los Angeles County CA in between the San Gabriel Valley and the Inland Empire, and less than a four-minute walk away from its Downtown Area. The property contains (4) individual duplex structures and private gated yards, sitting on a 0.36-acre lot, totaling eight well-maintained units. All the buildings are individually metered for gas and electricity. The unit mix consists of (8) 1 Bed 1 Bath units with an approximated measurement of 672 sq. ft per unit (buyer to verify). Each of the units has laundry hookups, providing the tenants with the option to provide their own washer and dryer. The yards are gated, with an empty lot of about 4,100 sq. ft (buyer to verify) with the potential to build an ADU or another duplex (buyer to conduct their own due diligence and familiarize themselves with local laws.) The investment appeal of this asset is driven by Pomona's location and low tenancy levels and the close proximity to Downtown Pomona, Western University of Health Sciences, and Cal Poly Pomona.
Location
State CA
County Los Angeles
Zoning POR3*
Interior
Heating Wall Furnace
Cooling Other
Exterior
Garage On Street
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Other
Building
Foundation Concrete Perimeter
Sewer Sewer - Private
Water Private / Mutual
Others
Restrictions Other
Tax ID 8335-025-011
Security Features Other
Special Listing Condition Not Applicable
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Bought with Alexandra Chen