28-unit Cashflowing & Beautifully Maintained apartment near CalPoly Pomona

Highlights:

• Attractive 5.67% CAP Rate with 8.73% Proforma CAP Rate; good cash flow and return
• Beautifully maintained asset offering easy management and easy to rent property
• A rare 28-unit with excellent condition offering in this submarket
• Strategically located near many destinations in East San Gabriel Valley such as: Cal Poly Pomona (3.5 mi), University of La Verne (4.4 mi), Claremont Colleges (6.2 mi), and Western University of Health Sciences (1.9 miles)
• Only minutes from Downtown Pomona and Downtown Pomona Metrolink Station
• Adjacent to City of Claremont (North), City of Chino Hills (South), City of San Dimas (West), and City of Ontario (East).
• Amenities rich community making it easy to rent and manage
• Excellent unit mix with 85% are large 2-bedroom units; average unit size is 811SF (buyer to verify)
• Fully occupied with high occupancy history due to its central location and community curb appeal
• Six-building Complex: approximately 22,712 square feet across six separate buildings situated on a generous 0.98-acre lot
• Two (2) separate parcels/properties: a 24-unit on Curran Pl, and a Fourplex on Mission Blvd.
• Extensive capital improvements: ±15 units have been remodeled (smooth ceiling, recessed lightings, new kitchen, and new laminate flooring); full perimeter metal security fencing recently repaired and re-painted with powered entry gates, reinforced stair structures, upgraded electrical panels & subpanels, 32-camera security system, new exterior paint, replastered pool, upgraded sprinkler lines and timers, roof repairs, driveway asphalt resurfaced (2025), and upgraded perimeter security lighting
• Attractive amenities: gated community, gated swimming pool, professionally landscaped grounds, coin-operated laundry, dedicated storage space for most units, and ample parking (24 covered + 6 uncovered stalls, with potential to add 3 more)
• Beautifully landscaped grounds create a serene and refined setting around the property

Description:

28-Unit Beautifully Maintained Apartment Community – Over 5.6% CAP Rate with Significant Upside, Central Location near 4 Freeways and only 10 minutes to CAL Poly Pomona, Excellent Asset + Superb Unit Mix (85% are 2bed), Large Lot, Secured Entrance, Pool, Barbeque Area, and Covered Parking.

Growth Investment Group California proudly presents 530–578 Curran Place & 1584 W Mission Blvd, Pomona — a beautifully maintained and extensively upgraded 28-unit multifamily investment opportunity in the heart of Pomona. This attractive, value-add asset is situated on a generous 0.98-acre lot and delivers an attractive 5.67% in-place CAP Rate with significant rental upside through strategic lease-up and repositioning. With its strategic location near many major destinations in the area (CAL Poly Pomona, Claremont Colleges, etc.) and its superb curb appeal, this investment offers a stable & attractive return for a savvy investor.
The property consists of 2 lots (530 Curran Pl – 24 units, and 1584 W Mission Blvd – 4 units) and comprised of six separate buildings totaling approximately 22,712 square feet and features a superb unit mix of 24 large two-bedroom/one-bath units and 4 one-bedroom/one-bath units — all with individually metered gas and electric. The property has excellent amenities such as secured entrance, fenced swimming pool, professionally landscaped yards, mature olive and palm trees, coin-operated laundry room, individual storage for most units, and 2 additional storage rooms for the owner.
The property boasts recent capital improvements including repaired, reinforced, and repainted perimeter fencing with automated gates, reinforced stair structures, updated electrical panels (interior/exterior), sprinkler lines and timers have all been upgraded from galvanized to PVC, and drip systems have been installed in the planters, fresh exterior paint, resurfaced asphalt (2025), replastered pool, upgraded to security lighting in the parking area with dusk to dawn LED lights, and 32-camera security system feed the managers unit onto a full screen monitor capable of playback and remote access to tablet, computer, or phone installed (2021) and recently upgraded. Approximately fifteen (15) units have been thoughtfully remodeled with smooth ceilings, recessed lighting, updated kitchens, tiled bathroom, and laminate flooring.
Parking is provided by carport and open space in the back. It has 30 parking spaces (24 covered with large storage cabinets and 6 open spaces). A brand-new grocery store is also within walking distance — adding to the day-to-day convenience for tenants.
Strategically located near the intersection of Pomona, La Verne, and Claremont, the property offers superb transit connectivity and tenant demand. Key nearby institutions includes Cal Poly Pomona (3.5 mi), University of La Verne (4.4 mi), Claremont Colleges (6.2 mi), and Western University of Health Sciences (1.9 mi). It's also just 1.7 miles from Downtown Pomona Metrolink Station and has easy access to the I-10, 60, 57, and 71 Freeways.
Outdoor and recreational amenities abound with Frank G. Bonelli Regional Park and Puddingstone Lake (4.5 mi) nearby — providing access to boating, fishing, hiking, and camping. The Ontario International Airport is only 11 miles away, making this location ideal for working professionals, students, and long-term residents.

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