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Listed by Mario Pinedo • Muller Realtors and Management
$ 2,950,000
Est. payment | /mo
27,878 SqFt
$ 2,950,000
Est. payment | /mo
27,878 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 27,878 sqft
Price per Sqft $105
MLS Listing ID CROC25035910
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.640 Acres
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
Interior
Fireplace No
Exterior
View None
Building
Lot Description Corner Lot
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227