416 Garey Avenue, Pomona, CA 91767
  • MLS#: OC25035910 ( )
  • Street Address: 416 Garey Avenue
  • Viewed: 3
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: LOS ANGELES
  • City: Pomona
  • Zipcode: 91767
  • Provided by: Muller Realtors and Management
  • Contact: Mario Mario
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Commoninterest
  1. None
Country
  1. US
Current Use
  1. Commercial
Distancetowatercomments
  1. at site
Landvalue
  1. 2950000
Landvaluepercent
  1. 100.00
Lot Features
  1. Corner Lot
Parcel Number
  1. 8336021027
Possible Use
  1. Multi-Family
Possible Use Comments
  1. Tentative mapped for 62 residential apartments over ~3
  2. 600sf retail.
Postalcodeplus4
  1. 5434
Taxblock
  1. 154
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Phone Available
  4. Sewer Available
  5. Water Available
View
  1. None
Water Source
  1. Public
Zoning
  1. POC4*