777 Indian Hill BlvdPomona, CA 91767

Property Details for 777 Indian Hill Blvd

Year built

1961

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

4,700 SF

Zone code

POCC*

Property type

Retail properties

Property subtype

Retail space

APN

8323-024-031

APU

8323024031

Description

This exceptional 4,700 square foot retail property, situated on a 0.8-acre lot at 777 Indian Hill Boulevard in Pomona, CA, presents a lucrative investment opportunity. Currently generating income from a beauty supply business, a restaurant, and a party supply tenant, this property offers multiple revenue streams. The square-shaped lot allows for optimal development and utilization of space. Its strategic location, just minutes from the freeway, places it within easy reach of a large and thriving residential community. This prime location makes it highly suitable for a variety of uses, including mixed-use development that could incorporate both commercial and residential components to meet the growing area demand. The property's current tenants provide a stable income base, while the significant development potential offers substantial upside for future growth. The asking price is $2,990,000. This is a rare chance to acquire a high-performing retail property with significant long-term potential in a rapidly developing area. The property's versatility and strong location make it an ideal investment for those seeking both immediate returns and future appreciation. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,720,784

  6.5%

  $1,588,416

  7%

  $1,474,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,008,158

  Geo Method

  $2,299,986

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,889

  Hospitality

  $1,227,331

  Educational

  $1,021,125

  Medical

  $1,056,243

  Retail

  $1,588,416

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0667

Longitude

-117.72

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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