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Multifamily

Terramonte at La Verne

Pomona, CA

48 Units

Built in 1983

Value Add

Investment Highlights

  • Compelling value-add opportunity in the northernmost part of Pomona; more than 30% upside in rental income by enhancing unit interiors and amenity areas
  • Student housing demand with proximity to Cal Poly Pomona, University of La Verne, Western University of Health Sciences, and The Claremont Colleges
  • Excellent combination of spacious one-, two-, and three-bedroom units averaging 945 square feet, and 75% two-bedroom or larger floorplans
  • Amenities package featuring sparkling pool with sundeck, spa, lush landscaping, ample onsite parking and garages, and on-site management
  • Convenient access to the Montclair TransCenter, Pomona Transit Center, and Metrolink Station; excellent high-quality transportation options to Los Angeles & Inland Empire
  • The asset is part of a two-property portfolio totaling 186-units, interested investors may request additional information from the listing agents, and may submit offers individually, or for both assets combined

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