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Larry Flores Sells Pomona Multifamily Asset At 2049 Las Vegas Avenue For $2.06M With Eric Chen & Blake Torgerson As Buyer's Representatives

Property Image
SOLD
$2,060,000

California

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MultiFamily10,292 SF
Sold 11/25/2025
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Property Image
SOLD

Larry Flores Sells Pomona Multifamily Asset At 2049 Las Vegas Avenue For $2.06M With Eric Chen & Blake Torgerson As Buyer's Representatives

2049 Las Vegas Avenue

See Similar Deals
MultiFamily10,292 SF
Sold 11/25/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:10,292 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 2049 Las Vegas Avenue in the Pomona market. The sale was completed at a price of $2,060,000. This property comprises 10 units and has a total square footage of 10,292, translating to a price per unit of $206,000 and a price per square foot of $200.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,060,000
  • Units: 10
  • Price Per Unit: $206,000
  • Square Footage: 10,292
  • Price Per Square Foot: $200
  • Seller: Larry Flores
  • Buyer's Representative: Eric Chen & Blake Torgerson - CBRE
  • Date of Transaction: 11/25/2025

Eric Chen and Blake Torgerson represented the buyer in this transaction, facilitating the sale with their expertise at CBRE. Their involvement underscores the professional collaboration involved in real estate transactions.

Players

Blake Torgerson
48 deals$286.1M volume(714) 222-0696
BROKER

Eric Chen
CBRE
108 deals$886.6M volume(626) 757-5717
BROKER

Details

SOLD
IMAGE: Eric Chen & Blake Torgerson DATE: 11/25/2025 ADDRESS: 2049 Las Vegas Avenue MARKET: Pomona ASSET TYPE: MultiFamily SELLER: Larry Flores BUYER'S REP: Eric Chen (@Eric_C_Chen) & Blake Torgerson (@BlakeTorg32) - CBRE (@CBRE) SALE PRICE: $2,060,000 UNITS: 10 ~ PPU: $206,000 SF: 10,292 ~ PPSF: $200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$109,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,318.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,765.45
Annual Debt Service$117,185.41