Pomona Homes under $2 million

Pomona Homes under $2 million

Welcome to Pomona, California – a vibrant city nestled in the heart of Los Angeles County, known for its rich history, diverse culture, and a strong sense of community. With a perfect blend of urban excitement and suburban tranquility, Pomona offers an ideal environment for families, young professionals, and retirees alike.

The city is home to a variety of attractions, including the renowned Pomona Fairplex, where the annual LA County Fair takes center stage, drawing visitors from all over. Art enthusiasts will appreciate the Pomona Arts Colony, a thriving hub for local artists and galleries, while food lovers can indulge in a diverse culinary scene that reflects the city’s multicultural heritage.

For those seeking a new home, Pomona presents an exceptional opportunity with a selection of beautiful properties available for under $2 million. Whether you’re looking for a charming single-family home, a modern townhouse, or a spacious estate, Pomona’s real estate market caters to a range of tastes and budgets. Many of these homes feature desirable amenities, including updated kitchens, expansive backyards, and proximity to parks, schools, and shopping centers.

Living in Pomona means easy access to major freeways, making commutes to Los Angeles and surrounding areas a breeze. With its rich cultural offerings, community spirit, and affordable housing options, Pomona truly stands out as a hidden gem in Southern California. Come discover the charm of Pomona and find your perfect home in this delightful city!

Newest Pomona Homes under $2 million

828 Hawthorne Place, Pomona
$940,000
7 Beds ⋅ 5 Baths ⋅ 26998945 MLS ⋅ Active Status
We are pleased to present 828 Hawthorne Place, a five-unit multifamily property located in Pomona, California. The property is centrally located within the eastern Los Angeles County market, providing residents with convenient access to major employment centers, transportation corridors, shopping, dining, and surrounding communities throughout the San Gabriel Valley and Inland Empire. 828 Hawthorne Place offers investors the opportunity to acquire a five-unit property with strong in-place income and significant value-add potential. With approximately 23.5% rental upside, investors have a clear path to increasing cash flow as rents are brought closer to market levels. The property features approximately 2,950 rentable square feet on an 6,712-square-foot lot (0.15 acres). The unit mix consists of three one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. The property also features gated on-site parking located at the rear of the property. Offered at $940,000, the property is priced at $188,000 per unit and $318.64 per square foot. The property is currently producing a 5.80% cap rate and 10.13 GRM, with the opportunity to achieve a pro forma 8.03% cap rate and 8.20 GRM as rents are increased toward market levels. Pomona continues to benefit from its central location between Los Angeles, Orange County, and the Inland Empire, along with strong renter demand and convenient access to major employment and transportation corridors. With strong in-place income, 23.5% rental upside, and attractive stabilized returns, 828 Hawthorne Place offers investors immediate cash flow with a clear path toward increased long-term value.

828 Hawthorne Place, Pomona

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.