61 units and 3,500 retail space-Pomona Opportunity zone
About This Property
Marketing description
Flat parcel approved for 61 apt (1-2 bedrooms with market rents $2,400-$3,400 each plus 6 studios that may be allocated to the affordable housing requirement + plus 3,500 of commercial (pre-leased at $6.00 ft NNN .) - podium build with 3 stories over (total 4 stories) with roof top amenities and extra income from community Laundry on each floor plus extra storage units for units ( 25-30 units $150 a space).
Investment highlights
Opportunity zone buildout as owner/builder willing to sell 50% of the project in Pomona Opportunity zone area next to a Medical University, regional transportation Hub (Train, Bus and Metro) plus The city hall and Court House blocks away) are is in upswing with employment easily accessible as freeways- 5 min away to LA, Inland Empire and San Gabriel or Orange County Employment. The property is in working drawing stage for the city to approve with expectations it will be ready to build with a new construction loan by Febuary ,2027 and build out/ lease up in mid Summer 2028 ( ready for the Olympic rush as Cricket event for the World is a short distance away.
Seller may be open to sell 100% , but prefers a solid and financially strong partner who wants to get into a Southern Calif Apt/commercial project with solid rents and build out should allow the group a projected 8% builder cap and condo convert for Hugh exit strategy as you both hold for the 10 year ( from original purchase) for the Federal tax free benefits.
Proforma and elevations will be in along with flyer 6/28/26
Call agent if interest prior
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