Property Detail

Description

COUNTY ASSESSOR’S VALUATION: $470,260 BUYER GAINS INSTANT EQUITY – Priced below value, offering approximately $50,000 in immediate equity for construction financing leverage (SELLER FINANCING AVAILABLE) Prime Development Opportunity – 8,635 Sq Ft Vacant Double Lots located in the heart of Pomona! Zoned under the Pomona Downtown Specific Plan – Mixed-Use High Density (MU-HD): Zoning Allows: Mixed-Use, Attached Residential, and Commercial Number of Stories: 3 Minimum / 6 Maximum Zero Setback Requirement – Build to the edge Density: 40–80 units per acre Build 8 to 19 Units by Right Eligible for 80% Density Bonus for Affordable Housing – Add up to 15 Additional Units Perfect for Affordable University Student Housing Apartments Nearby Colleges: Cal Poly Pomona, Western University of Health Sciences, Mt. San Antonio College (Mt. SAC), and the 5 Claremont Colleges. Transit Oriented Development Opportunity: Only 300 meters from the Pomona Regional Transit Center As of Jan 1, 2023, California law exempts parking requirements for projects within ½ mile of major transit centers – This property qualifies 2 Blocks from Holt Ave Corridor – Walking distance to grocery stores, shops, and restaurants Within 4 miles of the 60, 10, 57, and 71 Freeways Lot is flat, level, and ready for development – Whether your vision is residential, commercial, or a high-density mixed-use project. Strategically located in a rapidly transforming downtown district, this site offers unmatched upside for developers, investors, or builders looking to capitalize on Pomona’s urban revitalization. See Pomona Downtown Specific Plan’s Mixed Use-High Density Residential Standards attached for detailed development guidelines.