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Listed by Mario Pinedo • Muller Realtors and Management
$ 2,950,000
Est. payment /mo
Active
416 N Garey AVE Pomona, CA 91767
0.64 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25035910
Lot Size 0.640 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
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
Area 687 - Pomona
Zoning PRKG
Exterior
Utilities Available Electricity - On Site, Telephone - Not On Site
View None
Building
Water District - Public
Others
Tax ID 8336021027
Special Listing Condition Not Applicable
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