953 W 3rd Street, Pomona, CA 93176

$550,000 Asking Price

2 beds
2 baths
1,191  sqft
Built in 1901

Investment Opportunity in Pomona! The gem of this property lies in its potential: the city has confirmed that it can accommodate up to 11 units.(buyer and buyer's agent to do their due diligence) A golden opportunity for anyone looking to capitalize on additional income production. With many properties on the block currently serving as duplexes and four-plexes, this location is perfect for future expansion. Discover a fantastic investment property 2 bed 2 bath 1191 sq ft home situated on a 7,367 sq ft lot. Priced significantly below market value at $550,000 this property is an exceptional deal for cash or conventional buyers looking to make their mark in a thriving area. This charming two-bedroom home features a unique layout with two bathrooms. 1 Full bath (with it's own entrance) and a 1/4 bath convenient Jack and Jill powder room situated between the bedrooms. This cute cottage features indoor laundry that comes with a washer and dryer. Pantry off the well lighted kitchen, formal Livingroom and separate dining room. There is also a large porch from the front to the side of the home. The property requires some cosmetic updates to unlock its full potential, it promises a wealth of opportunities for the savvy investor. Surrounding this residence, you’ll find a serene setting adorned with fruit trees—including avocado, lemon, guava and orange trees—offering a peaceful escape right in your backyard which has an entrance from the back. Location is Key! This property is conveniently situated near a variety of amenities: Dining and Shopping: Explore a vibrant selection of restaurants and shops in downtown Pomona and nearby Pasadena. Entertainment: Enjoy family fun at Raging Waters and hit the art scene at the Pomona Arts District. Education: Close proximity to quality schools and colleges, including **California State Polytechnic University, Pomona.** Parks and Recreation: Numerous parks and recreational areas are nearby, such as Ganesha Park and Frank G. Bonelli Regional Park, which offer outdoor activities for all ages. Transportation: Easy access to major highways (I-10, I-57) and public transportation options make commuting a breeze. In addition to its appealing location, the property includes a detached garage, which can easily be converted into an Accessory Dwelling Unit (ADU), providing even more rental income potential.


Features & Amenities

Interior

General:
All Bedrooms Down
Appliances:
Dryer,Washer
Laundry:
Washer Hookup,Gas Dryer Hookup,Inside,Laundry Room
A/C:
true, Wall/Window Unit(s)
Fireplace:
None

Exterior

Pool:
None
Parking:
Parking spaces: 1

Construction

General:
1

Location

HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Pomona Unified
County:
Los Angeles

Lot

Zoning:
8342005015
View:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
HomeSmart Key Realty, Fatasha Cummings

About Pomona, CA

Housing

Number of Units
42,093
Median Home Value
$417,914
Median Rent
$1,287

47.84% of housing units are renter occupied.

3.05% are vacant.

Commute

Car
75.78%
Public Transportation
2.02%
Walk to Work
1.49%
Work from Home
19.47%
Other
0.57%

The median travel time to work is 28 minutes.

People

Population
152,279
Median Age
34.30
Median Household Size
3.57

Education

High School
24.95%
Associate’s Degree
6.99%
Bachelor’s Degree
12.84%
Graduate Degree
5.11%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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