695 W Holt Ave
Pomona, CA 91768
9,500 SF
Lot Size: 17859.6 sq.ft.
Year Built: 1924
Stories: 2
MLS# OC21142040
Neighborhood: 687 - Pomona
Active | Offered at $2,245,000

Troy Palmquist

DRE# 01772139

Property Description

RECENT PRICE REDUCTION! VERY MOTIVATED SELLER!! 100% OCCUPIED WITH TOWNHOME RENTAL UPSIDE Neo 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 LOCATION The community is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone. PRIME MIXED-USE ASSET The 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 POMONA Neo Pomona Plaza is less than 1 mile from the Downtown Pomona Metrolink, benefitting the retail and residential units. SHORT COMMUTTE TO TOP EMPLOYERS The 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

Features & Amenities

Parking Spaces: 24
Listing Provided By
Brett Bayless, Brett Bayless, Broker
Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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