416 N Garey Avenue, Pomona, CA 91767 - Berkshire Hathaway HomeServices California Properties

416 N Garey Avenue, Pomona, CA 91767

$2,950,000 Approx. USD 0 beds, 0 baths

Listing Agent


Mario Pinedo | mpinedo@mullercre.com
Lic#: 01118365
Broker: Courtesy of Muller Realtors and Management

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# OC25035910
Price: $2,950,000
HOA Fee is $0.00
Beds: 0
Baths: 0
0.64 acres
Lot size: 0.6400
County: Los Angeles
Zoning: POC4*
Lot description: Corner Lot
MLS area: 687 - Pomona

Last Updated: 2/19/2025

 Days On Market (DOM): 84

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This listing belongs to the 687 - Pomona MLS area

Lat/Long: 34.061708, -117.750033.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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