CA > Pomona
Pomona, CA 91767,416 N Garey
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 2,950,000
Est. payment /mo
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Active

416 N Garey Pomona, CA 91767

0.64 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25035910

HOA Y/N No

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Lots/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.
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 Pomona (91767)

Building

Lot Description Corner Lot, Sidewalks

Others

Acceptable Financing Cash

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by Mario Pinedo • Muller Realtors and Management
agent

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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416 N Garey

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