Friar Lane

Pomona | California

The Heart of

Urban Living

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Ricky Lee

Presented At

$1,259,000

Bedrooms

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1031

Friar Lane

Pomona | California

1031 Friar Lane, Pomona, California, United States. , Pomona , California

Multi Family in Pomona

Investment Opportunity! Discover this well-maintained fourplex in the City of Pomona, offering strong rental income and excellent future upside. The front unit, Unit A, is a rare single-story 3-bedroom, 2-bath layout featuring a private backyard, giving tenants a desirable home-like living experience. The property offers significantly stronger cash flow compared to single-family homes or condos, making it an attractive choice for investors seeking both stability and income. Attached to Unit A is a two-story triplex consisting of three additional units. Units B and C are well-designed 2-bedroom, 1-bath units located on the upper level, while Unit D, situated downstairs, offers 2 bedrooms and 1.5 baths. All units benefit from the convenience of onsite parking, including four single-car garages and additional guest parking spaces. The property is separately metered with four electric meters, four gas meters, and one water meter. Tenants also enjoy a fenced front yard, full perimeter wood fencing, and a secure gated entry for added privacy and peace of mind. The exterior of the building was recently painted, making the property clean, attractive, and ready for a new owner to take over. Current monthly rents are below market, providing a great value-add opportunity. The property generates a total monthly gross rent of $6,280, resulting in annual gross income of $75,360.

Property

3D Street View Tour

Property Location

1031 Friar Lane, Pomona, California, United States., Pomona California

Local Weather & Climate

Pomona, California

Current Conditions Updated recently

97 °F

Clear sky

Feels Like 95°F

Humidity 26%

Wind 8 mph

Visibility 6.2 mi

Sunrise 1:56 PM

Sunset 2:01 AM

5-Day Forecast

Fri 20 Mar

Clear

High 96°

Low 75°

Sat 21 Mar

Clear

High 92°

Low 72°

Sun 22 Mar

Clouds

High 86°

Low 69°

Mon 23 Mar

Clear

High 86°

Low 68°

Tue 24 Mar

Clear

High 88°

Low 68°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Pomona?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 1031 Friar Lane, Pomona, California, United States have?

This apartment at 1031 Friar Lane, Pomona, California, United States features 9 bedrooms.

What is the listing price for 1031 Friar Lane, Pomona, California, United States?

This property is listed at $125,900,000.

What type of property is 1031 Friar Lane, Pomona, California, United States?

This is a apartment located in Pomona, California. The property is situated in an established neighborhood with convenient access to local amenities and services.