1470 Holt Ave Pomona, CA 91768-2832

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.