$880,000

988 S Garey, Pomona, CA 91766

  • 8 beds |
  • 6 baths |
  • 3,121 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1902
  • Property Lot Size Icon6,765sqft lot
  • Property Parking Icon 8 car garage
  • Property Price Per Square Feet Icon $282/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

Exceptional Investment Opportunity in the Heart of Pomona with 7%+ Cap Rate! Welcome to this high-performing, cash-flowing fourplex featuring four distinct addresses with excellent rental history: 988 N Garey Ave: Spacious 3 Bed / 2 Bath 990 N Garey Ave: Desirable 2 Bed / 2 Bath 155 E Alvarado St: Comfortable 2 Bed / 1 Bath 153 E Alvarado St: Cozy 1 Bed / 1 Bath Massive Capital Improvements & True Turnkey Peace of Mind! Within the last 10 years, this property has undergone extensive and major renovations. Enjoy significantly reduced maintenance costs and landlord overhead thanks to a newer roof, upgraded plumbing and electrical systems, completely remodeled kitchens, fresh interior/exterior paint, durable new flooring, updated windows, and newly poured concrete throughout the outdoor areas. Additionally, independent utility setups further minimize landlord expenses. An Investor’s Dream with Strong Financials! Generating a robust gross annual rental income of approximately $85,000, this property delivers an impressive 7%+ Cap Rate right out of the gate—a rare find in today's Southern California market! Commuters will love the easy access to major highways (I-10, CA-60, and CA-71) and public transit, including the Pomona Metrolink station. It is also just minutes away from Western University of Health Sciences, Cal Poly Pomona, Downtown Pomona's vibrant arts and dining district, shopping centers, and local schools. Showing Terms: Due to tenant privacy and high demand, offers must be submitted upfront, subject to interior inspection. Don't miss out on this fantastic, low-maintenance, high-yield multi-family gem—secure your next portfolio-maker today!

Listing Status:
Pending
Date Added:
June 9, 2026
Data Last Updated:
July 5, 2026 at 7:17AM
Listing Office:
Coldwell Banker Envision : 626-913-2808
Listing Agent:
YingYing Zhang : 626-500-8100
MLS ID:
TR26125762
  • General: Multiple Staircases
  • Laundry: In Kitchen
  • A/C: ElectricENERGY STAR Qualified Equipment
  • Fireplace: None
  • Pool: None
  • Parking: Parking spaces: 8
  • General: 2
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CRM
  • School District: Pomona Unified
  • County: Los Angeles
  • Zoning: 8333017014
  • View: None
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of YingYing Zhang , Coldwell Banker Envision

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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