Pomona Multifamily for Sale - Eastern SGV
CBRE is proud to offer Mission33, a newly constructed trophy asset, located at 1300 W Mission Blvd in the dynamic and rapidly appreciating city of Pomona.
This unparalleled investment opportunity offers a rare combination of modern luxury, strategic location, and compelling financial performance. With a current cap rate of 5.07%, significant embedded rental upside and rent control exemption, it represents an exceptional addition to any discerning investor’s portfolio. The property’s 33 individually parceled units further enhance this opportunity, offering a unique and highly flexible exit strategy for a future condo-conversion.
Situated at the crossroads of Buena Vista Avenue and W Mission Boulevard, and just minutes from the 10 and 71 freeways, this 33-unit property provides tenants with exceptional access to the entirety of Southern California, cementing its status as a highly desirable residential hub. Featuring meticulously designed 1, 2, and 3-bedroom units, Mission33 is a groundbreaking urban oasis poised to deliver long-term, stable returns in one of the region’s most promising markets. For investors seeking a blend of stability, growth, and premium quality, Mission33 represents a truly outstanding chance to capitalize on the sustained demand for high-end, contemporary housing in a vibrant and economically diverse community.
An Unmatched Residential Experience in a Thriving Community
Mission33 stands out as a beacon of modern living, offering a comprehensive suite of amenities and features designed to attract and retain high-quality tenants. The property boasts a stunning exterior with modern finishes, secured access, and a gated entry that provides a sense of exclusivity and safety. Residents benefit from a secured subterranean parking garage, complete with electric vehicle (EV) charging stations, as well as guest parking. The well-appointed common areas include an elevator for convenience, a state-of-the-art fitness center/gym, and multiple outdoor courtyards and seating areas featuring public art and modern landscaping. A private mail room and lobby, along with the property’s pet-friendly policy, further enhance the tenant experience.
Each of the 33 apartments is a testament to thoughtful design and superior craftsmanship. The units are equipped with fully equipped kitchens, including a complete appliance package, in-unit washer and dryers, and central air and heating for year-round comfort. Units also feature high-end lighting fixtures and finishes, private patios or balconies, and modern dual-paned black aluminum doors and windows. The interiors feature vinyl wood flooring throughout, as well as the added security and convenience of a Ring doorbell. Select units also offer mountain views and features such as pantry or island kitchens, providing a truly elevated living experience that is highly sought after in this competitive market.
Pomona: A City of Growth and Strategic Significance
Investing in Mission33 means investing in the future of Pomona and the broader San Gabriel Valley. Named after the Roman goddess of fruit, Pomona has a rich history that has evolved into a forward-looking vision for a vibrant, safe, and beautiful community. Today, as the seventh largest city in Los Angeles County with a population exceeding 151,000 residents, Pomona is a hub for arts, education, business, and industry. The city’s location in the Pomona Valley, between the San Gabriel Valley and the Inland Empire, makes it a critical nexus for commerce and transportation, with easy access to major freeways. This central location attracts a diverse and working-class tenant base, ensuring consistent demand for high-quality housing. The San Gabriel Valley itself is a major economic engine, with over 31 cities and 1.8 million residents, home to leading educational institutions such as Cal Poly Pomona, Caltech, and the Claremont Colleges. The valley is a center for major industries, including education, healthcare, manufacturing, and technology, all of which contribute to a strong and stable local economy. Significant landmarks and attractions within a 20-mile radius include the world-famous Fairplex, host of the Los Angeles County Fair, the historic Fox Theater Pomona, and numerous other cultural and recreational destinations, making the area a highly desirable place to live.
A Turn-Key, High-Yield Investment with Significant Upside
Mission33 is not just a beautiful property; it is a proven income-producing asset with a historically high occupancy rate, currently generating over $81,547 in monthly rental income. The property’s new construction and prime location command a premium in the market, yet there remains considerable upside potential. Current market data for comparable 1-, 2-, and 3-bedroom units in the surrounding area shows average rents ranging from $1,900 to $3,500 per month, indicating an opportunity for an investor to further optimize rental income and increase the property’s overall profitability. This offering presents a rare turn-key opportunity for any investor—from a first-time purchaser to a seasoned professional or those seeking a 1031 exchange. Mission33’s combination of new construction quality, robust current performance, and embedded growth potential in a strategically important Southern California market makes it an exceptional, long-term investment that is ready to deliver a compelling return. We invite you to explore this truly unique and highly profitable offering and see why Mission33 is the premier investment for your portfolio.
