MLS® ID: CV19139008

400 E 4th Street

Pomona, California, 91766

$549,000 Active
  • - SQFT
Great Investment Opportunity. This .175 acre-corner (7,653 square feet) lot is in the Pomona Downtown Corridor (Los Angeles County) adjacent to Western University of Health Sciences and is zoned for 6–Story mixed-use e. g. commercial, institutional, and multiple attached residential units. There are only three buildings in Downtown Pomona that are 6 stories. Tax incentives are available--this property is located in an IRS Qualified Opportunity Zoning area. In January 2019, Los Angeles Metro gave Gold Line $97 million to build out to Pomona. This property is a 9-minute walk (640-meters) to the Pomona Downtown Metrolink station. Based on consultation with the City of Pomona, one feasible use of this lot is desperately needed student housing for local university students at Western University, Cal Poly Pomona, the Claremont Colleges, and Mt. SAC. This concept design is a 6-story 24-unit residential complex with enclosed surface-level parking—22 parking spaces. There are 6 units on 4 floors in this complex. Each of the 24 units are 720 sq. ft. studios with 2 full bathrooms and retractable sliding doors that effectively divides the unit into 3 distinct living spaces within the studio, which means that each unit is suitable for 2-3 residents.
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Listing courtesy of RE/MAX TOP PRODUCERS

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    91766
  • Office name
    RE/MAX TOP PRODUCERS
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    POC3*
  • Year built
    0
  • Lot size
    7654.00
  • Tax year
    0
  • Agent name
    ERICK GUZMAN
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $500k-$600k
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    50126
  • Agent ID
    CV33399

Location

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