530 578 Curran PL, Pomona, CA 91766 - MLS#AR25185110

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 6,400,000

Est. payment | -/mo

0.98 Acres Lot

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$ 6,400,000

Est. payment | -/mo

Save Virtual Tour

0.98 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID AR25185110

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1962

Annual Tax Amount $75,966

Lot Size 0.984 Acres

Property Sub-Type Apartment

Property Description

OVER 6% CAP RATE - 530–578 Curran Place & 1584 W Mission Blvd, Pomona — a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 6.01% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor.
The property consists of 2 lots (530 Curran Pl – 24 units, and 1584 W Mission Blvd – 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units — all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner.
The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded to security lighting in the parking area with dusk to dawn LED lights, and 32-camera security system feed the managers unit onto a full screen monitor capable of playback and remote access to tablet, computer, or phone installed (2021) and recently upgraded. Approximately fifteen (15) units have been thoughtfully remodeled with smooth ceilings, recessed lighting, updated kitchens, tiled bathroom, and laminate flooring.
Parking is provided by carport and open space in the back. It has 30 parking spaces (24 covered with large storage cabinets and 6 open spaces). A brand-new grocery store is also within walking distance — adding to the day-to-day convenience for tenants.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POT3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Range

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Detached Carport, Paved

Carport Spaces 24

Fence Wrought Iron

Pool Community, Private

Community Features Street Lights, Suburban, Valley, Pool

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Roof Type Asbestos Shingle

Total Parking Spaces 30

Private Pool Yes

Building

Lot Description Garden, Lawn, Lot Over 40000 Sqft, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level

Faces West

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 8349004027

Energy Description 5000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10498

Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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530 578 Curran PL Pomona, CA 91766