1470 Holt AvePomona, CA 91768

Property Details for 1470 Holt Ave

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

0.50 AC

Property size (Sq ft)

9,571 SF

Zone code

POC4*

Property type

Retail properties

Property subtype

Outlet malls

APN

8348-006-007

APU

8348006007

Description

This exceptional Pomona, CA investment opportunity presents a compelling redevelopment prospect. The property, encompassing 15,734 square feet across seven buildings on a 1.1-acre lot, features a blend of industrial, multifamily, and retail uses. Currently housing eleven units and eight tenants with a 51% occupancy rate, the property generates a net operating income (NOI) of $193,140, representing a 4.00% cap rate. The asking price is $4,650,000. Built between 1949 and 1954, with renovations completed in 2018, the property includes four loading docks and boasts a 26-foot ceiling height in the industrial space. The flexible CSP zoning permits a variety of uses, including high-density multifamily, retail, and commercial developments, potentially allowing for over 150 multifamily units. All tenants are on month-to-month leases. The property's prime location in a high-traffic Pomona corridor, easily accessible by four freeways, offers significant upside potential for future development. Detailed financial information and supporting documentation are available upon request. This value-add opportunity is ideal for investors seeking significant returns through redevelopment and repositioning.

• CAP approach

  CAP return

  Valuation

  6%

  $3,504,176

  6.5%

  $3,234,624

  7%

  $3,003,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,089,378

  Geo Method

  $4,625,670

• Alternative Use

  Use

  Valuation

  Residential

  $2,728,527

  Hospitality

  $2,499,316

  Educational

  $2,079,401

  Medical

  $2,150,915

  Retail

  $3,234,624

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0613

Longitude

-117.775

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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