1869 Garey AvePomona, CA 91768

Property Details for 1869 Garey Ave

Year built

2003

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

3,897 SF

Zone code

POAP*

Property type

Retail properties

Property subtype

Other car washes

APN

8359-007-032

APU

8359007032

Description

This exceptional full-service hand car wash in Pomona, CA, presents a unique investment opportunity. Located at 1869 N Garey Ave, 91768, this business benefits from a prime location less than half a mile from a major off-ramp of the 10 Freeway, ensuring high visibility and convenient access for customers. The car wash boasts a loyal clientele drawn to its meticulous hand-washing service—a rarity in today's market—making it a favorite among car enthusiasts. With over 24,282 vehicles passing daily on nearby N Garey Ave and E Willow St S, and a densely populated area of over 363,066 people within a 5-mile radius, the potential for consistent revenue is significant. The property offers ample room for expansion, allowing for the addition of supplementary services or even a potential conversion to an express car wash model. The proximity to the Pomona Fairgrounds further enhances its appeal and potential for increased business during events. This is a profitable, established business with significant growth potential in a high-traffic area. The asking price is $749,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,426,787

  6.5%

  $1,317,034

  7%

  $1,222,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,665,062

  Geo Method

  $1,883,354

• Alternative Use

  Use

  Valuation

  Residential

  $1,110,967

  Hospitality

  $1,017,640

  Educational

  $846,665

  Medical

  $875,783

  Retail

  $1,317,034

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.08

Longitude

-117.753

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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