416 N Garey Avenue

Pomona, CA 91767
$2,950,000
0.64 acres | #OC25035910
Courtesy of Muller Realtors and Management

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.

  • Property Details
      • Lot description:CornerLot
      • Acres:0.64
      • Property type:Purchase
      • Utility source:Public
      • Utility features:ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
      • County:Los Angeles
      • Original List Price:$2, 950, 000
      • MLS #:OC25035910
      • Cost:2950000
      • Property subtype:Land
      • MLS #:OC25035910

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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