1470 Holt Ave Pomona, CA 91768-2832
- Outlet malls
- 9,571 SF
- 0.50 lot acres
Current Use by Public Records
- Alday Wellness / Vitamin & Supplements Store
Property Details for 1470 Holt Ave
- Year built
- 1955
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.50 lot acres
- Property size
- 9,571 SF
- Zone code
- POC4*
- Property type
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $350,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pomona
- County
- Los Angeles
- State
- California
- Longitude
- -117.775
- Latitude
- 34.0613
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
