530 Washington AvePomona, CA 91767

Property Details for 530 Washington Ave

Year built

1971

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

708 SF

Zone code

POC4*

Property type

Office properties

Property subtype

Office buildings

APN

8323-011-010

APU

8323011010

Description

This exceptional commercial property at 530 Washington Avenue, Pomona, CA 91767, presents a unique investment opportunity. Zoned POC-4, this vacant lot is ideally suited for warehousing or light to medium manufacturing. Located just one block north of Holt Avenue and one block east of Reservoir, the property boasts a large, open interior space extensively rewired with numerous 120-volt grounded outlets, making it ready for immediate occupancy. The site is completely secured with a chain-link fence and a steel gate at the street, providing ample security. Abundant parking is available on-site. The interior has been recently cleaned and repainted, presenting a clean and move-in ready space. The asking price is $287,500, with the seller open to carrying a trust deed note up to $45,000. Alternatively, the property is available for lease at a monthly rate of $1,525. This prime location in Pomona offers excellent access to transportation and local amenities, making it an attractive proposition for a variety of commercial uses. Don't miss this chance to acquire a well-maintained, ready-to-use commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $176,337

  6.5%

  $162,773

  7%

  $151,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,042

  Geo Method

  $137,487

• Alternative Use

  Use

  Valuation

  Residential

  $201,839

  Hospitality

  $184,883

  Educational

  $153,821

  Medical

  $159,111

  Retail

  $239,276

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0634

Longitude

-117.731

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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