Pomona, CA 91767 475 E Foothill Boulevard

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Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV25132036
  • 06/12/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 24
  • Baths • 3
  • SQFT • 22,686

Home Details

A rare opportunity to acquire a value-add 60-unit extended stay property being operated as a multifamily community in Pomona, California. Foothill Suites is located in the northernmost section of Pomona, which anchors the eastern end of Los Angeles County. This serves as a gateway city to the powerful Los Angeles employment base and the Inland Empire, a region with a population of approximately four million people. The city is surrounded by vibrant and affluent communities like La Verne to the west and Claremont to the east, and the submarket is known as a powerhouse of higher learning institutions. It is conveniently situated just 2 miles from the prestigious Claremont Colleges, including Claremont McKenna College, Pomona College, Scripps College, Harvey Mudd College, and Pitzer College. Additionally, Foothill Suites is a short car ride away from other prominent educational institutions such as Cal Poly Pomona, University of La Verne, and Western University of Health Sciences. Comprising 36 studios and 24 one-bedroom units, the property is designed to cater to the diverse housing needs of its residents. Foothill Suites offer convenience and amenities such as a swimming pool, controlled access for enhanced security, on-site laundry facility, and sixty open space parking spaces, ensuring practicality for residents. The building features a manager's office and is master metered for all utilities. The City of Pomona has rent control, buyer to verify. Presently, the property’s vacancy rate is 15%, and the current Pomona sub-market vacancy rate is 3.45%. This delta of 11.55% vacancy upside through active management gives the new investor a substantial upside in rental income. In addition, Foothill Suites would greatly benefit from implementing the Ratio Utility Billing System (RUBS), this would add a sizable increase directly to the net operating income of the building. Given the property’s upside potential, desirable location, and connectivity between major employment centers in Los Angeles and the Inland Empire, Foothill Suites is poised to deliver meaningful returns and appreciation to investors over the next hold period.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 475 E Foothill Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 475 E Foothill Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.17
Carport Y/NNo
CityPomona
Community FeaturesSidewalks, Pool
CountyLos Angeles
DirectionsI-10, Exit Towne Ave, Right on Towne to Foothill Blvd, Left on Foothill, Building Located on The Right
Electric Expense59596.0
Entry LocationDrive By
Fuel Expense21838.0
Garage Spaces0.0
Garage Y/NNo
Gross Income786511.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense35003.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet44866.0
Lot Size UnitsSquareFeet
MLS Area687 - Pomona
Maintenance Expense39500.0
MobileHomeRemainsYNNo
Net Operating Income453595.0
New ConstructionNo
Number Of Units Total60
Operating Expense332916.0
Pool FeaturesCommunity
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot42
Taxes$91,875
Trash Expense9875.0
Water Sewer Expense16690.0
Year Built1969
Year Built SourcePublicRecords
ZoningPOC4*

Exterior for 475 E Foothill Boulevard

Building Area Total22686.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLotOver40000Sqft
Lot Size Acres1.03
Lot Size Area44866.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Pool Charge3744.0
Private PoolNo
SpaNo
Total Parking60.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $7,350,000
MLS#CV25132036
List Date 06/12/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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