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$1,590,000

  • For Sale
  • Active
  • Multi-Family
See This Home
Save This Home
See This Home
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Welcome to an outstanding opportunity to acquire a 5 unit multi-family property that withholds three sizable separate buildings on one given lot. This property is nestled in central Pomona and is conveniently located near downtown. The first building is 1,410 sq ft. The second building is 1,320 sq ft. The third and final building is 2,102 sq ft. Altogether there is 4,832 sq ft of interior living space. Three of the units will be comprised of 1-bed/1-bath. One unit will have 3-bed/1-bath. The final unit has 2-bed/1-bath with a loft space that is accessible via the staircase. This income producing property offers a stable steady cashflow exceeding a 5 pecent cap rate as is. If we consider the pro forma rent potential there is further room for growth. Savvy investors will unequivocally be utterly delighted and will further appreciate that each unit has its own separate electric, gas AND water meter present. Three of the units were updated approximately three years ago. The 2 car parking garage is currently vacant. It has ADU conversion potential. The seller is currently awaiting final approval from LA County regarding it. Each unit has 2 parking spots to take advantage of outside. Last but not least, there is easy access to dining, entertainment, public transportation, freeways and schools. This is an incredible opportunity you will not want to miss out on. TAKE ADVANTAGE WHILE YOU CAN!!!!

Full Property Details for 897 W Monterey

General

  • Price: $1,590,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: TR26224598
  • Updated: 10/19/2026
  • Days on Market: 19 days
  • Added to Site: 19 day(s) ago

Interior

  • Rooms/Areas: Laundry, Kitchen, Main Floor Bedroom
  • Appliances: Water Heater, Disposal, Gas Range
  • Flooring: Tile, Carpet, Wood, Laminate

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 2

Location

  • Area: 687 - Pomona
  • County: Los Angeles
  • Development Name: 687 - Pomona
  • Driving Directions: From LA: Get on US-101 S from N Main St 2 min (0.4 mi). Follow I-10 E to Burdick Dr in Pomona. Take exit 45A from I-10 E 28 min (28.2 mi). Take W Orange Grove Ave and N Hamilton Blvd to your destination 3 min (1.0 mi)

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 5
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Roof: Shingle
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,832
  • Year Built: 1950

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.4884
  • Lot Size (Sq. Ft.): 21,273
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $329.06
  • Price Per Unit: 318000

Listed by IRN Realty, Roger Kwon

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Listing agent

— 897 W Monterey —

  • Roger Kwon

    IRN Realty

roger.kwon@irnrealty.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 897 W Monterey

School District:Pomona Unified School District
NameGradesDistance
Roosevelt Elementary School, Pomona, CA
701 North Huntington Boulevard, Pomona, CA 91768
K-50.4 mi
Marshall Middle School, Pomona, CA
1921 Arroyo Avenue, Pomona, CA 91768
6-81.2 mi
Ganesha High School
1151 Fairplex Drive, Pomona, CA 91768
9-121.6 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 897 W Monterey Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/19/2026
Listed
$1,590,000
32.5%
MLS
8/25/2023
Sold
$1,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 897 W Monterey

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,496
—
$1,248,480
2%
2025
$17,496
99%
$1,224,000
106%
2023
$8,812
6%
$593,078
2%
2022
$8,333
3%
$581,450
2%
2021
$8,127
—
$570,050
1%
2020
$8,100
-2%
$564,206
2%
2019
$8,280
9%
$553,144
2%
2018
$7,587
2%
$542,299
2%
2017
$7,462
5%
$531,666
2%
2016
$7,108
1%
$521,242
2%
2015
$7,050
—
$513,413
2%
2014
$7,029
1%
$503,357
—
2013
$6,965
—
$501,083
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 897 W Monterey

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by IRN Realty, Roger Kwon

897 W Monterey, Pomona, CA 91768 (MLS# TR26224598) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 897 W Monterey is currently listed for $1,590,000 and was received on October 19, 2026. Want to learn more about 897 W Monterey? 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.

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