530–578 Curran Place &#38' 1584 W Mission Blvd, Pomona — a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 5.67% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable &#38' attractive return for a savvy investor.
The property consists of 2 lots (530 Curran Pl – 24 units, and 1584 W Mission Blvd – 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units — all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner.
The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded to security lighting in the parking area with dusk to dawn LED lights, and 32-camera security system feed the managers unit onto a full screen monitor capable of playback and remote access to tablet, computer, or phone installed (2021) and recently upgraded. Approximately fifteen (15) units have been thoughtfully remodeled with smooth ceilings, recessed lighting, updated kitchens, tiled bathroom, and laminate flooring.
Parking is provided by carport and open space in the back. It has 30 parking spaces (24 covered with large storage cabinets and 6 open spaces). A brand-new grocery store is also within walking distance — adding to the day-to-day convenience for tenants.