550 Laurel
Pomona, CA, 91768 $ 945,000
Baths1.0 Sq 3,480 Monthly Estimate*
$ 5,819
Listed by MARCUS & MILLICHAP
Studio for $945,000 with 1 full bath. This 3,480 square foot home was built in 1961 on a lot size of 0.1764.
Pleased to exclusively present the opportunity to acquire 550-556 Laurel Avenue, a well-maintained four-unit multifamily property located in the City of Pomona, a centrally located rental market within the San Gabriel Valley. The property consists of four spacious two-bedroom, one-bathroom units situated on a single parcel. The property has benefited from significant capital improvements, including the installation of new electrical panels for each unit in 2025. Ownership has also completed extensive interior renovations throughout the majority of the units, featuring upgraded kitchens and bathrooms, updated cabinetry, modern backsplash finishes, vinyl plank flooring, newer carpeting, and other improvements designed to enhance resident appeal. Additionally, the property has been under the same ownership for more than 25 years, reflecting long-term care and stewardship. The owner is also selling 547 William Street, Pomona which is contiguous to this property. Each unit is individually metered for gas and electricity and is serviced by its own hot water heater. There are single-car garages for each unit. Additional property improvements include partial plumbing upgrades through repiping of select units. Residents also benefit from an on-site laundry facility (owned), including a newly installed dryer in 2026. Located within an established residential neighborhood, convenient access to major transportation corridors including Interstate 10, State Route 60, State Route 57, and State Route 71, connecting residents to employment centers throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. With a desirable all two-bedroom floor plan, 49% rental upside, extensive interior renovations, individually metered utilities, and strong rental market fundamentals, 550-556 Laurel Avenue presents investors with an opportunity to acquire a well-positioned multifamily asset offering both stable in-place income and long-term appreciation potential within a supply-constrained Southern California market.
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FeaturesGeneralSewer Public Sewer
Garage Spaces 4
Pool Features None
Year Built 1961
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 65369
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 37468
Operating Expense 27901
Insurance Expense 4000
New Construction false
Property Type Residential Income
MaintenanceExpense 3100
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions I-10W exit Garey Avenue Left on Laurel
City Pomona
Entry Location drive by
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area 687 - Pomona
Lot Size Units Square Feet
Lot Size Square Feet 7682
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 112
Fuel Expense 420
Trash Expense 4639
Water Sewer Expense 1015
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 11
Property Sub Type Additional Quadruplex
Taxes 12578
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorParking Features Driveway Garage
Water Source Public
Total Parking 8
Lot Size Area 7682
Number of Buildings 2
Building Area Total 3480
Lot Size Acres 0.1764
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList Bydoug.mccauley@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,819
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Pomona, CA
Average List Price $1,115,841
Percent of Sale Price 18%
About Pomona, CA 154,854 Population
3% Since 2002
$ 52,342 Median Income
32.69 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/15/2026 | $945,000 | | Listed Price |
550 Laurel, Pomona, CA, 91768 is a Multi-Family Home for sale at $945,000 with 3,480 sqft and a lot size of 0.1764. 550 Laurel is a studio with 1.0 baths and was built in 1961. The property's zip code is 91768 which is in Pomona, CA