logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
16 Photos
icon
icon icon
455 N Hamilton Boulevard
USD 1,748,000
Property ID: AR25055825
icon
455 N Hamilton Boulevard ,91768
icon --
icon 9198 SqFt
icon Built in 1947
icon USD 190/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
Location
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
0
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1947
See more icon
Detailed Introduction Of This Home
A high-cashflow and high-return 9-unit Value-Add Opportunity in the East San Gabriel Valley area. Offered at extremely high ±7.62% Current CAP (buyer to verify) and low 8.46x GRM, this offering provides a whopping ±9.95% Cash-on-cash return (on a 65% LTV and ±6.5% interest rates – buyer to verify) which arguably is one of the best cashflow deal in a primary submarket in LA County. The property is strategically located on Hamilton Blvd crossing Holt Ave which is a major commercial street in the area. This provides consistent and high demand for rental units due to its friendly transit location. The property is only minutes away from Cal Poly Pomona, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. The property was built in 1947 and is a combination of 3 buildings; the front building is a 2-story building and has 5 units, and the back 2 buildings are single-story building with 2 units/building. It has a total of 2,632 SF living area and is sitting on a large ±9,195 SF C4 zone. It offers a good unit mix of one 2bed+1bath, seven large studios, and one small studio. All units have been upgraded with new flooring, a new kitchen, and a new bathroom (buyer to verify). All units are market rate units; however, most of them are rented out to subsidized tenants providing security, stability and recession proof for the owner. The sale comes with an approved plan to convert the attic space in the front building into a 3-bedroom+2-bathroom unit which should bring additional cashflow on top of the already high cashflow. Parking is provided by seven/eight open space parking in the front and the middle area of the lot. The property is master metered for electricity and gas, but the owner has RUBS system in place. There was a laundry area with laundry hookups that new owner can reutilize and bring additional laundry income. Centrally located in Pomona, CA and just within minutes to Cal Poly Pomona, Fairplex Pomona, Claremont, La Verne, San Dimas, Phillips Ranch, and other well-known cities in the area. It is minutes away from Lake Bonelli area, Raging Waters, dining and transportation on Holt Ave. It offers superb access to multiple freeways (FWY 10, FWY 71, and FWY 57).
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
10221 Torrey Court
10221 Torrey Court
icon 10221 Torrey Court
7534 SqFt  / 3 Beds  / 3 Full Bas
USD 506,986
610 Tandy Court
610 Tandy Court
icon 610 Tandy Court
47480 SqFt  / 3 Beds  / 4 Full Bas
USD 920,000
1029 N Orange Grove Avenue
1029 N Orange Grove Avenue
icon 1029 N Orange Grove Avenue
6395 SqFt  / 4 Beds  / 3 Full Bas
USD 1,999,990
5224 Selmaraine Drive
5224 Selmaraine Drive
icon 5224 Selmaraine Drive
5000 SqFt  / 4 Beds  / 3 Full Bas
USD 1,899,000
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 16
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (16)
icon
icon
banner
455 N Hamilton Boulevard
USD 1,748,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.world
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.world’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder