416 N Garey, Pomona, CA 91767

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Glen Henderson

[email protected] +1(619) 889-7646

$2,950,000

Est. payment - /mo

0.64 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25035910

HOA Y/N No

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Lots/Land

Type of Financing Cash

Property Description

Prime Mixed use project in final stages for TTM approval for 64 units and 4,000sf commercial on Garey ave with 28,000+ cars a day traffic count in an Opportunity zone in near Historic-downtown Pomona with an easy walk to central transit hub along with all downtown /city hall amenities along with the local artisan museums, medical school. See attached proforma and elevations as numbers show with 2024 rents the project has the ability after buildout to stabilization the builder/investor should have a new property with a 8.5% cap rate and if held for 10 years from close of escrow and owner meets all opportunity requirements then a potential of all profit federal tax free ( buyer to verify with their tax/legal consultants). Call for rent survey. Two adjacent parcels included in this planned project and list price.
Prime Mixed use project in final stages for TTM approval for 64 units and 4,000sf commercial on Garey ave with 28,000+ cars a day traffic count in an Opportunity zone in near Historic-downtown Pomona with an easy walk to central transit hub along with all downtown /city hall amenities along with the local artisan museums, medical school. See attached proforma and elevations as numbers show with 2024 rents the project has the ability after buildout to stabilization the builder/investor should have a new property with a 8.5% cap rate and if held for 10 years from close of escrow and owner meets all opportunity requirements then a potential of all profit federal tax free ( buyer to verify with their tax/legal consultants). Call for rent survey. Two adjacent parcels included in this planned project and list price.

Location

State CA

County Los Angeles

Area Pomona (91767)

Exterior

Utilities Available Electric,Natural Gas,Telephone

Building

Lot Description Corner Lot, Sidewalks

Others

Acceptable Financing Cash

Listing Terms Cash

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Listed by Mario Pinedo • Muller Realtors and Management

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

416 N Garey Pomona, CA 91767

Glen Henderson

Key Details

Location

Exterior

Building

Others

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