695 N Main Street, Pomona, CA 91768

  • $990,000
695 N Main Street, Pomona, CA 91768
Active
695 N Main Street, Pomona, CA 91768
695 N Main Street, Pomona, CA 91768
  • $990,000

Overview

Property ID: AR25082791
  • Single Family Residence, Residential Income
  • Property Type
  • 2.0
  • Garages
  • 2900
  • Sqft
  • 1903
  • Year Built

Description

695 W Main Street, Pomona, a beautifully located single family residential that is operated as a student housing and carries a significant value-add opportunity. Offered at a very low price compared to competing properties and an extremely attractive ±7.14% CAP Rate (as a fully occupied student housing – cap rate is proforma with full occupancy – buyer to verify), this offering provides an excellent ±9.47% Cash-on-cash return with a low downpayment on a 30-year fixed mortgage (proforma with full occupancy – buyer to verify).

The property is strategically located in Pomona Historical District, and within walking distance from Downtown Pomona. It has a very high Walk Score of 92 and only less than 10 minutes to CAL POLY POMONA. The property is only minutes away from Claremont Colleges, Pomona Fairplex, Claremont, San Dimas, La Verne and other well-known cities in East San Gabriel Valley. It is currently leased out to CAL POLY Pomona students with only 3 remaining bedrooms available.

The property was built in 1903, a two-story colonial architectural style, and has a total of 8 bedrooms and two bathrooms. It has a large 2,900sf living space and is situated on a large 9,145sf lot. It has been fully upgraded with modern upgrades, and electrical panels have been upgraded as well. The large bathroom is a communal bathroom with triple sinks, three shower stalls, and several private toilet areas. One of the vacant bedrooms is a large bedroom that could easily accommodate 2 students. Washer and dryer is included in the rent – savvy owner should replace this into coin operated machines to boost the income.

The property has a side yard and back yard and has alley access to the parking area in the back. There is a 2-car garage that is being used as a game room. Savvy owners should convert this 2-car garage into a junior ADU. There is additional parking space (open area) accessible from the alley (gated).

Centrally located in Pomona, CA and just within minutes to Cal Poly Pomona, Claremont Colleges, 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).

  • Address 695 N Main Street
  • City Pomona
  • State/county CA
  • Zip/Postal Code 91768
  • Country US

Details

Updated on June 13, 2025 at 8:01 pm
  • Property ID: AR25082791
  • Price: $990,000
  • Property Size: 2900 Sqft
  • Land Area: 0.21 Acres
  • Garages: 2.0
  • Garage Size: x x
  • Year Built: 1903
  • Property Type: Single Family Residence, Residential Income
  • Property Status: Active

Additional details

  • Listing Terms: Cash,Cash to New Loan
  • Roof: Asbestos Shingle
  • Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Flooring: Wood
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Parking: Assigned
  • Community Features: Suburban, Valley, Park
  • Architectural Style: Colonial

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Schedule a Tour

Your information

Video

Contact Information

View Listings
Andrea Galeano Realty
  • Andrea Galeano Realty

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

Compare listings

Compare
Andrea Galeano Realty
  • Andrea Galeano Realty