Pomona, CA 91767,416 N Garey AVE
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$ 2,950,000
Est. payment | /mo

0.64 Acres Lot


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$ 2,950,000
Est. payment | /mo
Save

0.64 Acres Lot

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.

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

California Regional MLS (CRMLS)
Listed by Mario Pinedo • Muller Realtors and Management • 415-269-6249
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 463-1085

tonyenglish@me.com

28391 Sheridan Dr, Niguel, California, 92677, United States

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416 N Garey AVE