5442 Pomona BLVD

LOS ANGELES, CA, 90022

$2,250,000

$467 per ft²
$2,250,000
$467 per ft²
Active
Active
 - For Sale
carpenters-square
4,808 ft²
property_type
Multi-family
calendar
Built 1950
5442-5450 Pomona Boulevard, a unique apartment asset with great amenities in one of the best locations in East LA bordering Monterey Park and Montebello. The property has been in the same ownership since 1990s and unique due to its single-story layout and its tremendously easy access to amenities on Atlantic Blvd (Monterey Park) and Montebello. It is within walking distance from 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 housed multiple hotels, and a major shopping center (in Montebello). The property is located nearby Citadel Outlets and Atlantic Times Square Monterey Park. Originally constructed in 1950 as a Garden-style office building (C3 Zoning), 5442-5450 Pomona Boulevard has been operated as apartments for many years and features a unique combination of amenities including 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 individual water heater. The property has undergone major capital improvements during current ownership, which includes brand new roof (10-year warranty), upgraded electrical, upgraded units, new exterior paint, and upgraded efficient planters. The property has a secured entrance, gated parking, and is separately metered for gas and electricity. It is situated on a large 10,000SF lot and has been very well maintained by the current ownership inside and out. It has 10 parking spaces and does not require any soft story retrofit. Due to a large lot size, new owner may be able to add additional ADU units (buyer to verify). The property is fully occupied and maintained strong collections throughout the Covid-19 Pandemic. There is a billboard located on the lot that is not part of the sale (there is a perpetual easement from the billboard operator to access the property).
MLS® ID:
AR22054783MR
Listed:
3/17/22
Updated:
6/28/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Fireplace
None
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
10,034 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
Assigned, Driveway
Parking Total
10.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LCC3*

 

Courtesy of Handoko Chen, GIG Real Estate Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Peter & Cindy Lorimer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/28/22

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