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$880,000 Just Listed
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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!
Full Property Details
Full Property Details for 988 S Garey
General
- Price: $880,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: TR26125762
- Updated: 6/9/2026
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Interior
- Rooms/Areas: Family Room
- Interior Features: 2 Staircases
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Kitchen
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 8
Location
- County: Los Angeles
- Driving Directions: Garey and mission blvd
School Information
- School District: Pomona Unified
Community
- Community Features: Biking, Hiking, Sidewalks
Heating & Cooling
- Cooling Type: Electric, ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Quadruplex
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,121
- Sq. Ft. Source: Assessor
- Year Built: 1902
- Year Built Source: Public Records
Lot Features
- Property View: None
- Lot Size (Acres): 0.1553
- Lot Size (Sq. Ft.): 6,763
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $281.96
Disclosures and Reports
- Special Conditions: Standard
Listed by Coldwell Banker Envision, YingYing Zhang
Get Pre-Approved Today
Schools
Schools serving 988 S Garey
School District:Pomona Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Pomona, CA 351 West Phillips Boulevard, Pomona, CA 91766 | K-6 | 0.5 mi |
Simons Middle School 900 East Franklin Avenue, Pomona, CA 91766 | 6-8 | 0.9 mi |
Garey High School 321 West Lexington Avenue, Pomona, CA 91766 | 9-12 | 0.9 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 988 S Garey
Date
Details
Price
Change
Source
6/09/2026
Listed
$880,000
24.16%
MLS
10/27/2021
Sold
$708,750
—
Public Record
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
Tax History for 988 S Garey
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,056
11%
$699,928
4%
2023
$9,035
2%
$672,751
2%
2022
$8,892
2%
$659,561
2%
2021
$8,683
169%
$646,630
245%
2020
$3,229
-2%
$187,428
2%
2019
$3,282
9%
$183,754
2%
2018
$3,017
2%
$180,152
2%
2017
$2,970
5%
$176,621
2%
2016
$2,827
1%
$173,159
2%
2015
$2,806
—
$170,559
2%
2014
$2,811
1%
$167,219
—
2013
$2,780
—
$166,464
—
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
Estimate the Cost for 988 S Garey
988 S Garey, Pomona, CA 91766 (MLS# TR26125762) is a Multi-Family property with units containing 8 bedrooms and 6 full bathrooms. 988 S Garey is currently listed for $880,000 and was received on June 09, 2026. Want to learn more about 988 S Garey? 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.

