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996 E 4Th St, Pomona, CA 91766
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996 E 4Th St Pomona, CA 91766

$925,000
  • 5 Beds
  • 4 Baths
  • 2,536 Sq.Ft.
For Sale
$925,000 Get Pre-Qualified
Map preview of 996 E 4Th St, Pomona, CA 91766

Property Overview: 996 E 4Th St Pomona, CA has 5 bedrooms, 4 bathrooms, 2,536 living square feet and 6,010 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the exclusive listing of 996 East 4th Street, a charming four-unit multifamily building built in 1938 comprised of (3) one-bedroom, one-bathroom units, including one single cottage home, and (1) two-bedroom, one-bathroom unit, with a total of 2,356 rentable square feet. This property offers a unique cottage atmosphere, providing a distinctive appeal to potential tenants seeking charm and character in their living space. The property has undergone signicant upgrades. The single cottage house features new double-paned windows, enhancing energy efciency and modernizing the unit's aesthetics. The two-bedroom unit boasts new kitchen cabinets and countertops, providing an updated and contemporary living space and new double-paned windows throughout. The property is strategically located just minutes away from Pomona Valley Hospital & Medical Center, a prominent medical facility in the area as well as the Montclair Hospital Medical Center and the Wester University of Health Sciences. The demand for housing near medical centers tends to remain strong, providing a steady pool of potential tenants and reducing vacancy risk for the property. Located just steps from the Historical Pomona Antique Row and major retailers like Costco, The Home Depot, Starbucks, 7-Eleven and many other entertainment and retail options adds to its appeal and marketability. Tenants residing in the area have easy access to unique shopping, dining, and cultural experiences offered by the antique district and other retailers. Overall, the property's location benets from its close proximity to both prominent medical facilities and a historic cultural and retail district, making it an attractive option for tenants seeking convenience, charm, and access to amenities. From an investment standpoint, this property offers solid returns. While the property has already undergone signicant upgrades, there is still opportunity for further value-add initiatives, such as enhancing landscaping, adding amenities, or implementing technology upgrades to attract higher-paying tenants. Overall, 996 East 4th Street represents a lucrative investment opportunity with its unique charm, recent upgrades, strategic location near prominent medical facilities and retail amenities, and potential for rental income and appreciation.

Listed by Eliyahu Appel | BRE #01918652 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 24
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Home details

Lot Sq. Ft
6,010
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24375985
City
Pomona
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,365
  • Total Rent: $1,365
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.79%
  • Gross Rent Multiplier: 14.65
  • Gross Scheduled Income: --
  • Net Operating Income: $33,015
  • Gross Operating Income: $61,226
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 996 E 4Th St

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Property Details for 996 E 4Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 4
  • Parcel Number: 8335017025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Mission & east of Towne Ave
View more facts & features

Local Pomona Agent

Sale History for 996 E 4Th St

Last sold for $670,000 on August 31st, 2017

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: 24375985

    $925,000

    Price

  • December, 2019

  • Dec 18, 2019

    Date

    Expired

    CRMLS: AR19142563

    $799,000

    Price

  • Aug 6, 2019

    Date

    Withdrawn

    CRMLS: AR19142563

    $799,000

    Price

  • Jun 17, 2019

    Date

    Active

    CRMLS: AR19142563

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Attention Investor!!! Don't this opportunity for this well maintain 4 units in a quiet Pomona area!!! Solid and great return on investment!! 445 S San Antonio rented $1315 447 S San Antonio rented $1440 998 E 4th rented $1050 996 E 4th rented $1050 3 individual structure/building and all are rented to the city of Pomona which cover 90 percent of the rent (section 8 program) 4 car garage with alley access, this property is a wonderful investment opportunity

  • July, 2018

  • Jul 23, 2018

    Date

    Expired

    CRMLS: AR18015490

    $799,000

    Price

  • Mar 23, 2018

    Date

    Withdrawn

    CRMLS: AR18015490

    $799,000

    Price

  • Feb 11, 2018

    Date

    Active

    CRMLS: AR18015490

    $799,000

    Price

  • Feb 8, 2018

    Date

    Hold

    CRMLS: AR18015490

    $799,000

    Price

  • Jan 22, 2018

    Date

    Active

    CRMLS: AR18015490

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Solid and stable cash flow rental fourplex in city of Pomona; 3 of 4 units are rented to the city of Pomona which pays 90 percent of the rent through section 8 program. 2 units offer 2 beds 1 bath and 2 units offer 1 bed 1 bath, all unit has it's own car garage with alley access, stable long term tenant from section 8 program with city of Pomona. Buyer must cooperate with seller on a 1031 at no cost to buyer. ***DRIVE BY ONLY!!! PLEASE DON'T DISTURB THE CURRENT TENANT!!! INTERIOR INSPECTION SUBJECT TO ACCEPTED OFFER***

  • July, 2018

  • Jul 1, 2018

    Date

    Expired

    CRMLS: AR18067290

    $799,000

    Price

  • Apr 4, 2018

    Date

    Withdrawn

    CRMLS: AR18067290

    $799,000

    Price

  • Mar 23, 2018

    Date

    Active

    CRMLS: AR18067290

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Solid and stable cash flow income property in city of Pomona; 3 of 4 units are rented to the city of Pomona which pays 90 percent of the rent through section 8 program. 3 structures feature total 4 units..two units offer 2 beds 1 bath and two units offer 1 bed 1 bath, all unit has it's own car garage with alley access, own electricity and gas meter, convenience located. ***DRIVE BY ONLY!!! PLEASE DON'T DISTURB THE CURRENT TENANT***

  • August, 2017

  • Aug 31, 2017

    Date

    Sold

    CRMLS: PW17158266

    $670,000

    Price

  • Aug 1, 2017

    Date

    Pending

    CRMLS: PW17158266

    $695,000

    Price

  • Jul 12, 2017

    Date

    Active

    CRMLS: PW17158266

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful fourplex, 1) very large 2 bedrooms rented for $1270.00. ----- 2) 2 bedrooms rented for $900.00. ----- 3) 1 bedroom rented for $1100.00. ---- 4) 1 bedroom rented for $1050.00. ---- 3 apartment units are rented to the city of Pomona they pay 90 percent of the rent (section 8 program) ---- 4 car garage with alley access, this property is a wonderful investment opportunity

  • August, 2017

  • Aug 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $670,000

    Price

  • March, 2008

  • Mar 17, 2008

    Date

    Sold (Public Records)

    Public Records

    $361,000

    Price

Show More

Tax History for 996 E 4Th St

Assessed Value (2020): $697,388
Year Land Value Improved Value Assessed Value
2020 $312,120 $385,268 $697,388

Home Value Compared to the Market

This property vs the competition

996 E 4Th St is listed 36.03% higher than the median list price for the city of Pomona which has a median list price of $680,000. The median price per/sqft for Pomona is $458 and this home is listed at $364.75 per/sqft which puts the price per square foot 20.36% lower than the median price per square foot for the city of Pomona.

About 996 E 4Th St

Detailed summary of property

996 E 4Th St is a multi family located in Pomona, CA 91766 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,536 living square feet, and sits on an approximately 6,010 square foot lot. 996 E 4Th St was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $925,000. The median priced home in Pomona is $680,000 with a median price per square foot of $458. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 36.03% higher than the median priced home. Local competing homes currently for sale include 14172 Arrow Blvd, 1008 Wallgreen St and 1008 Wallgreen St. While the average home in Pomona, CA is selling in 44 days, 996 E 4Th St has a days on market of 24 days. There are currently 161 homes for sale in the Pomona real estate market and 124 of them are single family homes while 21 of them are condos and 16 are townhomes. For more information on this home for sale at 996 E 4Th St Pomona, CA 91766 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 996 E 4Th St

Public county record property details
Beds
5
Baths
4
Year built
1938
Sq. Ft.
2,536
Lot Size
6,007
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
8335-017-025

The source for these homes facts are from public records.

91766 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$463
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
81
Median Sale to List Price %
103.24%
Avg Days on Market
36
Loan Type
Conventional (40%), FHA (20%), VA (0%), Cash (24%), Other (16%)

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Pomona Agent
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(714) 706-1823
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Recently Sold Homes Near 996 E 4Th St

941 E 4th St, Pomona, CA 91766
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832 E 7th St, Pomona, CA 91766
$675,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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