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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 2/18/2025 | Community | Pomona |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | Pomona |
|---|---|
| HOA DUES | 0 |
| LOT | 0.64 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| UTILITIES | Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | POC4* |
Location
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Listed with Muller Realtors and Management
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