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.
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0BEDS
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0.64ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T18:31:22.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.