335 North Gordon Street Pomona, CA 91768

Located in Pomona, this prime development opportunity features 8,635 square feet of vacant double lots. The property is zoned under the Pomona Downtown Specific Plan as Mixed-Use High Density (MU-HD), allowing for mixed-use, attached residential, and commercial developments. The zoning permits a minimum of 3 and a maximum of 6 stories, with a zero setback requirement allowing construction to the edge of the property. Density is between 40 and 80 units per acre, allowing for 8 to 19 units by right. The property is eligible for an 80% density bonus for affordable housing, potentially adding up to 15 additional units. This makes it ideal for affordable university student housing apartments, with nearby colleges including Cal Poly Pomona, Western University of Health Sciences, Mt. San Antonio College (Mt. SAC), and the 5 Claremont Colleges. The property is located 300 meters from the Pomona Regional Transit Center, exempting it from parking requirements under California law as of January 1, 2023. It is also two blocks from Holt Ave Corridor, within walking distance of grocery stores, shops, and restaurants, and within 4 miles of the 60, 10, 57, and 71 Freeways. The lot is flat, level, and ready for development, suitable for residential, commercial, or high-density mixed-use projects. The County Assessor’s valuation is $470,260.