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    135 Myrtle Ave Pomona, CA 91766

    Sponsored
    For Sale
    $1,100,000

    Three Parcels, 19,650 sqft, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents three contiguous parcels totaling 19,650 square feet in Pomona, California, located at 135 S Myrtle Ave, 91766, within Los Angeles County. The property, encompassing 115 S Myrtle Ave, 135 S Myrtle Ave, and 0 S Myrtle Ave, is zoned for multifamily use, offering significant development potential. Currently featuring two existing single-family residences built in 1929, this land presents a unique chance to create a substantial new development. The expansive lot size allows for the construction of a large-scale commercial building or a significant apartment complex, capitalizing on the strong market demand in the area. This is a rare chance to acquire a substantial land holding in a prime location, ready for immediate development. The sale includes all three parcels as a single package. The property's location in Pomona, CA offers convenient access to major transportation routes and amenities. This is a truly exceptional opportunity for investors seeking high-return potential in a thriving market. The existing structures can be renovated or demolished to make way for a new development, offering flexibility to the buyer. This is a turnkey opportunity to build up to 30 units. Don't miss this chance to acquire this significant land parcel and realize its substantial development potential.

    Property Features for 135 Myrtle Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1929

    HighLights

    • $1,100,000 asking price.
    • Multifamily and land investment opportunity.
    • Three parcels totaling 19,650 sq ft in Pomona, CA.
    • Currently features two single‑family residences.
    • Multifamily zoning allows for potential development of approximately 30 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.7656374
    Latitude
    34.0579871

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    FAQs

    What type of property is this?
    Multifamily property - Three Parcels, 19,650 sqft, High Potential
    Where is this multifamily property located?
    The property is located at 135 Myrtle Ave Pomona, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; Multifamily and land investment opportunity.; Three parcels totaling 19,650 sq ft in Pomona, CA.
    Request Owner's contact information
    135 Myrtle Ave Pomona, CA 91766
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    Pomona, CA 91766
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135 Myrtle Ave Pomona, CA 91766
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