$2,950,000
Est. payment /mo
0.64 Acres Lot
New
416 N Garey AVE Pomona, CA 91767
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UPDATED:
02/19/2025 09:14 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25035910
HOA Y/N No
Lot Size 0.640 Acres
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.
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 687 - Pomona
Zoning POC4*
Interior
Fireplace No
Exterior
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N No
View None
Present Use Commercial
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 8336021027
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Mario Pinedo • Muller Realtors and Management • 415-269-6249