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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 7,350,000
Est. payment | /mo
22,686 SqFt
$ 7,350,000
Est. payment | /mo
22,686 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,686 sqft
Price per Sqft $323
MLS Listing ID CRCV25132036
HOA Y/N No
Year Built 1969
Lot Size 1.030 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
A rare opportunity to acquire a value-add 60-unit extended stay property being operated as a multifamily community in Pomona, California. Foothill Suites is located in the northernmost section of Pomona, which anchors the eastern end of Los Angeles County. This serves as a gateway city to the powerful Los Angeles employment base and the Inland Empire, a region with a population of approximately four million people. The city is surrounded by vibrant and affluent communities like La Verne to the west and Claremont to the east, and the submarket is known as a powerhouse of higher learning institutions. It is conveniently situated just 2 miles from the prestigious Claremont Colleges, including Claremont McKenna College, Pomona College, Scripps College, Harvey Mudd College, and Pitzer College. Additionally, Foothill Suites is a short car ride away from other prominent educational institutions such as Cal Poly Pomona, University of La Verne, and Western University of Health Sciences. Comprising 36 studios and 24 one-bedroom units, the property is designed to cater to the diverse housing needs of its residents. Foothill Suites offer convenience and amenities such as a swimming pool, controlled access for enhanced security, on-site laundry facility, and sixty open space parking spaces, e
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227