For Sale
$1,800,000

5442 Pomona BlvdEast Los Angeles, CA 90022

Six-unit value-add multifamily investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional six-unit apartment building, located at 5442 Pomona Blvd in East Los Angeles, CA 90022, presents a compelling value-add investment opportunity. Boasting a substantial 4,808 square feet on a 10,037 square foot lot, this single-story property is zoned for commercial use (APN: 5249024009). Currently configured as residential units, the building offers significant upside potential. The property's history includes a previous use as a medical office, providing a solid foundation for future redevelopment or expansion. The asking price is $1,800,000, representing a 4.00% capitalization rate. On-site parking is available, and the property's location on a major thoroughfare provides convenient access to numerous walkable amenities. The potential for adding accessory dwelling units (ADUs) further enhances the investment prospects. All six units are currently occupied by month-to-month tenants with a positive history of consistent rent payments. This property is ideal for investors seeking to upgrade from smaller multifamily projects, offering multiple exit strategies and substantial long-term growth potential. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving East Los Angeles neighborhood.

Highlights

  • Six-unit apartment building in East Los Angeles, CA.
  • 4,808 sq ft building on a 10,037 sq ft lot, zoned commercial (APN: 5249024009).
  • $1,800,000 asking price, 4.00% cap rate.
  • All six units currently occupied month-to-month, with consistent rent payments.
  • On-site parking and excellent location on a major thoroughfare with walkable amenities.

Property Details for 5442 Pomona Blvd

Property type
Apartment buildings
Square Feet
4,808 SF
Stories
1
Units
6

Location Insight

City
East Los Angeles
County
Los Angeles
State
California
Latitude
34.0332251
Longitude
-118.1481718
5442 Pomona Blvd, East Los Angeles, California

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5442 Pomona Blvd
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