Listing ID : AR22054783
-
Beds
2 -
Lot Size
10,031 Sqft
Description
Growth Investment Group is proud to offer for sale 5442-5450 Pomona Boulevard, a unique apartment investment asset with great amenities in one of the best locations in East LA bordering Monterey Park and Montebello. The property has had the same ownership since 1990s and is unique due to its single-story layout and its tremendously easy access to amenities on Atlantic Blvd (Monterey Park) and to Montebello. It is within walking distance of many local & national retailers on Atlantic Blvd, and within walking distance from East LA College, the Vincent Price Art Museum, and the Metro Gold Line Atlantic Station. Tenants also enjoy proximity to Montebello Country Club which houses multiple hotels, and a major shopping center (in Montebello). The property is located nearby the Citadel Outlets and Atlantic Times Square. Originally constructed in 1950 as a Garden-style office building, 5442-5450 Pomona Boulevard has been operated as apartments for decades and features 6 renovated (3 in 2018, 3 in 2021) units with Central HVAC in all units and a large, gated parking lot with 9 surface spaces and one handicap space. The property offers an excellent unit mix of all 2bedroom+1bathroom units. Each unit is sizable and has been upgraded within the past 4 years with new hardwood flooring and bathroom/kitchen fixtures. Each unit has an individual water heater. The property has undergone major capital improvements, including a brand new 30-year roof (10-year warranty), upgraded electrical, upgraded units, copper plumbing, new exterior paint, and upgraded efficient planters. The property has
