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$715,000
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Property Description
Welcome to this incredible duplex property with endless potential for expansion and increased value! Situated on a spacious lot in the heart of Pomona, this property offers the unique opportunity to subdivide the land and build two additional units on each parcel, resulting in a total of four units.
The existing duplex boasts two well-maintained and spacious units, featuring a Three Bedrooms, One Bathroom, and a Two Bedroom, One Bathroom. Both units have long time renters that would prefer to stay if possible.
With the potential to build two additional units on each subdivided parcel, this property presents an exceptional investment opportunity. By expanding the property, you can significantly increase rental income and property value. Imagine the potential for substantial monthly cash flow and long-term appreciation!
The expansive lot offers plenty of space for outdoor activities, gardening, or even the addition of amenities such as a communal patio or BBQ area. The property is conveniently located in a desirable neighborhood, close to schools, parks, shopping centers, and major transportation routes, ensuring easy access to all amenities.
Investors and developers will appreciate the flexibility and potential this property offers. Whether you choose to subdivide and build additional units or simply enjoy the existing duplex, the upside in rents and property value is undeniable.
Don't miss out on this incredible opportunity to own a duplex with the potential for expansion and increased returns. Schedule a showing today and explore the possibilities that await you in this remarkable property!
Full Property Details
Full Property Details for 812 S Towne Ave
General
- Sold For: $715,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IV23146797
- Added to Site: 969 day(s) ago
Rooms
Other Rooms
- Laundry: See Remarks
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
Location
- Area: 687 - Pomona
- County: Los Angeles
- Development Name: 687 - Pomona
- Driving Directions: South of 10 Fwy
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,836
- Year Built: 1947
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2982
- Lot Size Source: Assessor
- Zoning: POR31000*
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $389.43
- Price Per Unit: 349444
Listed by Century 21 Primetime Realtors, BENJAMIN PEREZ
Sold by Universal Property Brokers, Jorge Jara
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Schools
Schools serving 812 S Towne Ave
School District:Pomona Unified School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Pomona, CA 975 East 9th Street, Pomona, CA 91766 | K-5 | 0.2 mi |
Simons Middle School 900 East Franklin Avenue, Pomona, CA 91766 | 6-8 | 0.8 mi |
Garey High School 321 West Lexington Avenue, Pomona, CA 91766 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 812 S Towne Ave
Date
Details
Price
Change
Source
9/28/2023
Sold
$715,000
2.31%
MLS
8/07/2023
Listed
$698,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
812 S Towne Avenue, Pomona, CA 91766 (MLS# IV23146797) is a Multi-Family property that was sold at $715,000 on September 28, 2023. Want to learn more about 812 S Towne Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pomona? You can browse all Pomona real estate or contact a Coldwell Banker agent to request more information.

