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    695 W Holt Ave

    Pomona, CA 91768
    • $2,224,500
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: OC21142234
    Price Reduced
    UPDATED: 4 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

    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 2021-08-05T11:25:19.237. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
    www.desertareahomesforsale.com/homes/118877964
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    695 W Holt Ave Pomona, CA 91768

    • Price: $2,224,500
    • Status: Active
    • Updated: 4 min ago
    • MLS #: 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

    Listing provided courtesy of Brett Bayless of Brett Bayless, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T11:25:19.237. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
     
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