912 W 3rd St · Pomona, CA 91766

$975,000

20 bd · 16.0 ba · 488 sqft · MultiFamily public records · 40 Days on market

Built 1938 6,786 sqft lot $1998/sqft · 601% above area Est $770k · 27% over

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.9/30.0
• DSCR +3.5/10.0
• Rent growth +2.9/5.0
• Livability +2.9/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

Key facts

• Fully renovated
• Modern appliances
• Updated kitchens

Tags

• FULLY RENOVATED
• APPROVED PLANS FOR ADU
• VACANT AND FULLY UPGRADED
• NEW BATHROOMS
• UPDATED KITCHENS
• MODERN APPLIANCES

Property features AI

Finance

• Other: Unit rents (actual/projected): Two 2‑bed units at $2,475; three 1‑bed units at $1,895, $1,895 and $1,153 (one unit projected at $1,895); Gross income shown as $92,015
• Financial info: Gross operating income about $92,015; Net operating income about $68,043; Total annual expenses about $21,301; Cap rate approximately 6.84%; Gross rent multiplier about 10.81; Vacancy allowance 3%; Current vacancy rate listed as 75%; Listing terms available: Cash, Cash to existing loan, Cash to new loan, Conventional, FHA
• HOA & community: Four units total in the complex

Exterior

• Parking: Other garage parking
• Utilities: Public water
• Home design: One level; Property type: Residential income (multi-family); Four buildings on the property
• Exterior features: Other exterior structures; Property sits on approximately 0.156 acres; Zoned POC3*

Interior

• Bedrooms: Unit mix includes two 2‑bed units and three 1‑bed units
• Bathrooms: Units include one-bath and two-bath layouts
• Heating & cooling: Other heating; Other cooling
• Interior features: Laundry in unit; Other equipment
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 4 × 1-bed/1-bath units multifamily listed at $975k.

Deal economics

• At list price, monthly cash flow is $-246 ($-3k/yr) — negative. Per door: $-61/mo.
• To cash-flow at today's rent, offer at most $932k (4.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $757k (22.3% below list).
• Recommended offer: $757k (22.3% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 2.7% in Pomona — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 58/100 on livability (#676 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+; Watch: crime F, amenities F, cost of living F.
• Pomona Unified (suburban): math 12% / reading 31% proficiency, ranked #444 of 517 in CA (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lopez Elementary (441 students, 98% FRL); Ganesha High (math 22% / reading 47%, grade F, #618 of 1,170 statewide, top 56%, 936 students, 96% FRL) — zoned schools average 97% FRL vs 73% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 22% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Pomona Unified average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+1.7%/yr); 112 active listings in the ZIP; solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $29k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($946k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $600k; list at $975k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $757,300 (22.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.08%
• DSCR: 0.95
• GRM: 10.7

CMA / ARV

• ARV (median comp): $769,549
• List price: $975,000
• Delta: 26.70%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.66% rent growth · sell at horizon

5-year hold

• IRR: -19.5%
• Equity multiple: 0.33×
• Total profit: $-183,933
• Equity at exit: $145,376

10-year hold

• IRR: -15.1%
• Equity multiple: 0.19×
• Total profit: $-221,393
• Equity at exit: $84,300

Cash invested: $273,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 91766

• Rents YoY: 1.7%
• Active inventory: 112
• Price-to-rent: 42.9×

Monthly cashflow live

• Estimated rent: $7,573 high
• Mortgage (P&I): −$5,113
• Tax from tax record: −$709 /mo · $8,513/yr
• Insurance: −$406
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,590
• Net cashflow: $-246

Break-even live

Break-even rent $7,884

Max offer price $931,548

Occupancy floor 98%

Sensitivity live

Price	-10% $306	-5% $30	+0% $-246	+5% $-522	+10% $-798
Rent	-10% $-844	-5% $-545	+0% $-246	+5% $53	+10% $352
Rate	-1.0pp $245	-0.5pp $2	base $-246	+0.5pp $-499	+1.0pp $-756

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$7,572
Total (4 units)			$7,573

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $243,750
• Closing costs: $29,250
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   pricedays on market $975,000 Active 40 DOM
2. 2026-06-18
   days on market $995,000 Active 37 DOM
3. 2026-06-17
   days on market $995,000 Active 36 DOM
4. 2026-06-16
   days on market $995,000 Active 35 DOM
5. 2026-06-15
   days on market $995,000 Active 34 DOM
6. 2026-06-13
   days on market $995,000 Active 32 DOM
7. 2026-06-13
   days on market $995,000 Active 31 DOM
8. 2026-06-09
   days on market $995,000 Active 28 DOM
9. 2026-06-08
   days on market $995,000 Active 27 DOM
10. 2026-06-07
    days on market $995,000 Active 26 DOM
11. 2026-06-04
    days on market $995,000 Active 23 DOM
12. 2026-06-03
    days on market $995,000 Active 22 DOM
13. 2026-06-02
    days on market $995,000 Active 21 DOM
14. 2026-06-01
    days on market $995,000 Active 20 DOM
15. 2026-05-31
    days on market $995,000 Active 19 DOM
16. 2026-05-12
    listed $995,000 Active 1143-char remark
17. 2024-11-22
    soldstatus $600,000 Closed Sale 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

18. 2024-11-20
    status Pending Sale 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

19. 2024-11-04
    status Active Under Contract 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

20. 2024-10-11
    historical Active Under Contract 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

21. 2024-09-16
    price $824,999 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

22. 2024-08-26
    listed $875,000 Active 421-char remark

    Show marketing remark (421 chars)

    Discover an incredible investment opportunity in the vibrant city of Pomona! This charming quadruplex features four units, each boasting a comfortable 1 bedroom and 1 bathroom layout. All four units are currently tenant occupied, providing immediate rental income for the new owner. With steady rental income and the potential for future upgrades, this property is perfect for investors looking to expand their portfolio.

23. 1976-07-21
    soldstatus $29,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $8,513 · $709/mo
• Projected year-2 tax: $8,513 · $709/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 62% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 17 unhealthy d/yr today · 21 by 30 yrs out

Taxation est. · year 1

• Rental income: $90,876
• − Mortgage interest: −$54,615
• − Property taxes: −$8,513
• − Insurance: −$4,875
• − Repairs & maintenance: −$7,270
• − Management: −$7,270
• − Depreciation: −$28,364
• Taxable loss: −$20,031
• Est. tax savings @ 24.0%: +$4,807
• After-tax cash flow: $1,856/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pomona Unified
• NCES district ID: 0631320
• Math proficiency: 12% ▼ -15.00%
• Reading proficiency: 31% ▼ -10.00%
• Median HH income: $54,839
• Composite: 19.54/100
• National rank: #8761
• State rank: #444 of 517 in CA

Livability — Pomona

• Score: 58/100
• State rank: #676
• US rank: #20782

Category grades

Amenities F Commute A+ Cost of living F Crime F Employment B- Housing B- Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pomona, CA
• County: Los Angeles County · 9,444,647 people
• City population: 152,679
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 69,327
• Household income: $81,991
• Rent vs Own: 45.6% rent · 54.4% own
• Severe rent burden: 2479.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 20% Asian 13% White 8% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 62%
• Foreign-born: 37% · Canada, China, South Korea
• Languages at home: 31% English-only · Spanish 57% Chinese 5% Tagalog/Filipino 2%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -691.41%
• Current HPI: 405.6315
• Rent YoY: ▲ 1.66%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+3331.0% since first listed

8 events — show timeline

• 2026-05-12 Listed $995,000 TheMLS
• 2024-11-22 Sold (MLS) $600,000 CRMLS
• 2024-11-20 Pending — CRMLS
• 2024-11-04 Relisted — CRMLS
• 2024-10-11 Contingent — CRMLS
• 2024-09-16 Price Changed $824,999 CRMLS
• 2024-08-26 Listed $875,000 CRMLS
• 1976-07-21 Sold (Public Records) $29,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $8,513 · +417.9% YoY. Source: county tax records.