$2,950,000
Est. payment /mo
0.64 Acres Lot
Active
416 N Garey Avenue Pomona, CA 91767
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25035910
HOA Y/N No
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type Unimproved Land
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.
Location
State CA
County Los Angeles
Zoning POC4
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer, Electricity Connected, Natural Gas Connected, Sewer On Site, Telephone
View Y/N false
View None
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 8336021027
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Listed by Mario Pinedo • Muller Realtors and Management