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920 W 3rd St
For Sale $1,050,000 ($389.03 per Sq Ft)
$1,050,000 ($389.03 per Sq Ft)
- 5 Bedrooms
- 4.00 Bathrooms
- 2,699 Sq Ft
- 6,786 Sq Ft
Description
920 W 3rd Street is a fully renovated charming 4-plex with approved plans for a 2-bed/1-bath ADU, delivered mostly vacant in one of Pomona's fastest-growing neighborhoods. 3 of 4 bungalows will be delivered vacant and fully upgraded, featuring new bathrooms, updated kitchens, modern appliances, fresh paint, new flooring, contemporary finishes, storage room, + private yards. The property will include approved ADU plans, allowing an investor to begin construction immediately and add significant value. Once leased, the property will operate at an impressive 6.42% cap rate before even factoring in the ADU. After construction, it projects a 7.08% cap rate and a 10.53 GRM (including build costs), making this an exceptional investment. Whether you're an investor or an owner-user, this 4+1 asset offers immediate strong cash flow, plus the upside of additional equity through ADU development. Prime Location: Minutes from Downtown Pomona's Arts Colony, Western University of Health Sciences, Pomona Valley Hospital, the Metrolink Station, and with direct access to the 10 and 71 freeways. *The sqft reflected represents the ADU conversion.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,050,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,699 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1938 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 8342008002 |
| MLS # | 25622381 |
| Property ID | 322410994 |
| Lot Sqft | 6,786 |
| Zoning | POC3* |
| Total Units | 4 |
| Days on Market | 30 |
| Original List Price | $1,050,000 |
| Date Updated | December 03, 2025 |
| Date Created | November 25, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,475 | $2,475 |
| Unit #2 | 1 | 1.00 | $1,895 | $1,895 |
| Unit #3 | 1 | 1.00 | $1,895 | $1,895 |
| Unit #4 | 1 | 1.00 | $1,153 | $1,895 |
| Unit #5 | 2 | 2.00 | $0 | $2,475 |
| Gross Income (Yr) | $ 92,015 |
| Operating Expenses | $ 21,954 |
| Net Income (Yr) | $ 67,390 |
| Cap Rate | 6.42% |
Listing Provided By
Oscar Diaz an agent of . Lic #02022902
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Robert Crawford
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