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 that beautifully blends urban convenience with suburban charm. Known for its rich history, diverse culture, and thriving community, Pomona offers residents a unique lifestyle that is both dynamic and inviting. With a population of around 150,000, this city is a melting pot of cultures, making it a fantastic place to call home.

One of the most appealing aspects of Pomona is its accessibility to major highways and public transportation, making commuting a breeze for those who work in nearby Los Angeles or other surrounding areas. The city boasts a plethora of amenities, including shopping centers, parks, and a variety of dining options that cater to every palate. The iconic Pomona Fairplex is a hub of activity, hosting events throughout the year, including the Los Angeles County Fair, which draws visitors from all over the region.

For homebuyers seeking affordable options, Pomona is an excellent choice, with an array of homes available for under $2 million. From charming single-family homes to modern condos, the housing market in Pomona offers something for everyone. Many properties feature spacious yards, updated interiors, and proximity to schools and parks, making them perfect for families or those looking to invest in a growing community.

Discover the beauty and potential of Pomona, where you can find your dream home without breaking the bank. Embrace the vibrant lifestyle this city has to offer, and let Pomona be the backdrop for your next chapter!

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.