1072 W Wilson St Pomona, CA 91768
Property details
About 1072 W Wilson St
We are pleased to exclusively present the Wilson Street Apartments, a well-maintained 10-unit multifamily property located at 1072 West Wilson Street in Pomona, California. This value-add investment opportunity offers a blend of stable, long-term tenancy and significant upside potential in a prime Southern California rental market. Built in 1955, the two-story building consists of ten spacious units, including four one-bedroom/one-bath units and six two-bedroom/one-bath units. The property sits on a large 17,442 square foot corner lot, offering 8,104 rentable square feet. Located in a quiet residential neighborhood, the complex provides tenants with ten enclosed garages and ample street parking. Additional amenities include an on-site laundry facility, a secure gated entrance, and a spacious enclosed courtyard ideal for a children's play area. Each unit is individually metered for gas and electricity and is equipped with a wall-mounted air conditioning unit and a gas wall heater. The property features a stable tenant base, with current rents over 25% below market, offering investors a substantial rental upside and the potential to achieve a Pro Forma CAP rate of 5.74%. Five of the units have been extensively renovated, featuring upgraded flooring, kitchens, and bathrooms. Pomona has no local rent control, allowing investors to maximize returns with rent increases under California AB1482. Additionally, there is potential for further income growth through the addition of accessory dwelling units (ADUs), subject to buyer verification. Strategically located, the Wilson Street Apartments are just a short drive from key transportation routes, including Interstate 10 and Highway 71, as well as popular destinations such as Mountain Meadows Golf Course and Pomona Fairplex, home to the world-renowned LA County Fair and the historic Auto Club Raceway. This offering presents investors with the opportunity to acquire a stable, income-generating asset with considerable potential for increased returns and long-term growth in one of Southern California's most resilient rental markets.
Highlights
Summary
- MLS Number: 24441717
- MLS Name: CRMLS
- Office Name: Colliers International Greater Los Angel
- Office Phone: (949) 724-5500
- Listing Agent: Edward Pan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 3:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,650,000
1072 W Wilson St
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 21, 2014 | Home Sold | $1,150,000 |
| May 22, 2007 | Home Sold | $1,150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $1,303,779 | $18,035 |
| 2020 | $1,289,026 | $18,394 |
| 2019 | $1,263,752 | $17,010 |
| 2018 | $1,238,973 | $16,684 |
| 2017 | $1,214,680 | $16,684 |
History based on county public records data.
Nearby schools
3
Roosevelt Elementary School
Public District KG-5
0.3 mi
•701 N Hntngtn Blvd
4
Arroyo Elementary School
Public District KG-6
0.7 mi
•1605 Arroyo Ave
2
Lincoln Elementary School
Public District KG-6
0.9 mi
•1200 N Gordon St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,508. The most common annual income of people living in Pomona, CA is between $35k-100k. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 1072 W Wilson St
This home is located at 1072 W Wilson St in Pomona, CA and zip code 91768. This 8,104 square foot home, which was built in 1955, sits on a 0.40 acre lot. Features: 16 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $2,650,000.
In December 2024, from all listings sold in Pomona, CA there were more than 19 sold above asking price, over 17 sold below and more than 6 were sold right at the asked price. The number of homes for sale in Pomona, CA decreased by 10.8% between November and December 2024. In December 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $675,000.