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Multifamily

Terramonte at Foothill

Pomona, CA

138 Units

Built in 1963

Value Add

Investment Highlights

  • Sizeable 138-unit property with light value-add potential; nearly 8% upside in rental income by enhancing unit interiors and amenity areas, and capturing loss-to-lease
  • 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 studio-, one-, two-, and three-bedroom units averaging 910 square feet, and 70% twobedroom floorplans

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