Homes for sale - 416 N Garey AVE, Pomona, CA 91767

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Mario Pinedo • Muller Realtors and Management

$2,950,000

Est. payment - /mo

0.64 Acres Lot

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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

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Building

Water District - Public

Others

Tax ID 8336021027

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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416 N Garey AVE Pomona, CA 91767

JLee Broker

Key Details

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