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.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 2
Living Area: 8,104 SqFt
Listing Office:
Office Name: Colliers International Greater Los Angel
Office Phone: (949) 724-5500
Listing Agent: Edward Pan
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Parking Information:
Garage Space: 10 spaces
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.40 Acres
Utilities
Utilities Information:
Heating: Forced Air
Other
Directions Information:
Directions: Corner lot on Wilson Street
Price Information
Listing Price Info
Price Summary:
List Price: $2,650,000
Price Per SqFt: $327/SqFt
Tax Information:
Annual Amount: $18,035
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Pomona, CA.
This property is $1.9M more than the Median Sold Price and $143/SqFt less than other homes in Pomona, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24441717
Listing Office:
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: 12/17/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 21, 2014
Mar 21, 2014Home Sold
$1,150,000
May 22, 2007
May 22, 2007Home Sold
$1,150,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,035
$1,303,779
2020
$18,394
$1,289,026
2019
$17,010
$1,263,752
2018
$16,684
$1,238,973
2017
$16,684
$1,214,680
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Roosevelt Elementary School
701 N Hntngtn Blvd
Distance between this listing and this school0.35 miles
Public District Grades KG-5
4
/10
Arroyo Elementary School
1605 Arroyo Ave
Distance between this listing and this school0.74 miles
Public District Grades KG-6
2
/10
Lincoln Elementary School
1200 N Gordon St
Distance between this listing and this school0.92 miles
Public District Grades KG-6
Nearby Schools
4
/10
Cortez Elementary School
1300 N Dudley St
Distance between this listing and this school0.64 miles
Public District Grades KG-8
3
/10
Marshall Middle School
1921 Arroyo Ave
Distance between this listing and this school1.01 miles
Public District Grades 6-8
5
/10
Vejar Elementary School
950 W Grand Ave
Distance between this listing and this school1.39 miles
Public District Grades KG-8
Nearby Schools
4
/10
School of Arts and Enterprise
295 N Garey Ave
Distance between this listing and this school1.08 miles
Public Charter Grades 6-12
3
/10
Ganesha High School
1151 Fairplex Dr
Distance between this listing and this school1.22 miles
Public District Grades 9-12
5
/10
Fremont Academy of Engineering and Design
725 W Franklin Ave
Distance between this listing and this school1.85 miles
The neighbors living near this home have an average income of $65,508. Typical income of Pomona, CA residents is between $35k-100k annually. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1072 W Wilson St
What is the listing price of this property?
The listing price of 1072 W Wilson St property is $2,650,000.
What type of property is this?
The property 1072 W Wilson St is a house located in Pomona, California, 91768.
Is this property for sale now?
Active Listing: 1072 W Wilson St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,035 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 21, 2014 for $1,150,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1072 W Wilson St has 16 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 1072 W Wilson St is 8,104 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1072 W Wilson St is 1955.
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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.
While more than 24 listings in Pomona, CA in November 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 18 were sold below. Between October 2024 and November 2024, Pomona, CA real estate market has seen decrease in the number of listings by 9.6%. The median list price of listings available in November 2024 was $674,360, while the average time on the real estate market was 29 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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