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695 W Holt Ave

Pomona, CA 91768
  • $2,224,500
  • STATUS: Active
  • ON SITE: 152 Days
  • ID#: OC21142234
UPDATED: 18 min ago
$2,224,500
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:
Area:

School Ratings & Info

Listing provided courtesy of Brett Bayless of Brett Bayless, Broker

Description

RECENT PRICE REDUCTION. MOTIVATED SELLER! 100% OCCUPIED WITH TOWNHOME RENTAL UPSIDENeo Pomona Plaza is 100% occupied with 4 of the 6 retail leases not expiring until 2024. The townhome units are only renting for $1,500 per month which is over $500 below market, as-is, providing significant upside.OPPORTUNITY ZONE LOCATIONThe community is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone.PRIME MIXED-USE ASSETThe property was renovated in 2009 and is in pristine condition relative similar sized assets in Pomona. The property boasts 24 parking spots and is positioned on a corner lot.PROXIMITY TO DOWNTOWN POMONANeo Pomona Plaza is less than 1 mile from the Downtown Pomona Metrolink, benefitting the retail and residential units. SHORT COMMUTTE TO TOP EMPLOYERSThe mixed-use asset is less than 4 miles from Pomona Valley Hospital (3,230 jobs) and Cal Poly (2,440 jobs).OVER 30,000 CARS PER DAY ON HOLT AVENUE The community has significant frontage on Holt Ave, which has more than 30,000 cars per day. The property is within a mile of the 10 FWY and Western University of Health Services

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T09:26:40.11. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/118877964
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695 W Holt Ave Pomona, CA 91768

  • Price: $2,224,500
  • Status: Active
  • On Site: 152 Days
  • Updated: 18 min ago
  • ID#: OC21142234
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1924
Built
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
RECENT PRICE REDUCTION. MOTIVATED SELLER! 100% OCCUPIED WITH TOWNHOME RENTAL UPSIDENeo Pomona Plaza is 100% occupied with 4 of the 6 retail leases not expiring until 2024. The townhome units are only renting for $1,500 per month which is over $500 below market, as-is, providing significant upside.OPPORTUNITY ZONE LOCATIONThe community is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone.PRIME MIXED-USE ASSETThe property was renovated in 2009 and is in pristine condition relative similar sized assets in Pomona. The property boasts 24 parking spots and is positioned on a corner lot.PROXIMITY TO DOWNTOWN POMONANeo Pomona Plaza is less than 1 mile from the Downtown Pomona Metrolink, benefitting the retail and residential units. SHORT COMMUTTE TO TOP EMPLOYERSThe mixed-use asset is less than 4 miles from Pomona Valley Hospital (3,230 jobs) and Cal Poly (2,440 jobs).OVER 30,000 CARS PER DAY ON HOLT AVENUE The community has significant frontage on Holt Ave, which has more than 30,000 cars per day. The property is within a mile of the 10 FWY and Western University of Health Services
Exterior Features

Lot Features 6-10 Units/Acre Open Parking Spaces 24 Parking Total 24

Property Features

Additional Parcels YN No Builder Name Neo Pomona Plaza Building Name Neo Pomona Plaza Common Interest Community Apartment Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing Loan Number Of Units Leased 8 Property Sub Type Retail Special Listing Conditions Standard Utilities Water Not Available Water Source None



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T09:26:40.11. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing provided courtesy of Brett Bayless of Brett Bayless, Broker