1483 Holt Ave Pomona, CA 91768-2833

Property Details for 1483 Holt Ave

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

0.40 lot acres

Property size

5,687 SF

Zone code

POC4*

Property type

Retail space

APN

8357-017-078

APU

8357017078

Description

This exceptional multi-use commercial property, situated on a high-traffic section of Holt Avenue in Pomona, CA, presents a compelling investment opportunity. The 0.4-acre lot encompasses two buildings totaling over 5,687 square feet, currently housing a thriving mix of established businesses. A freestanding restaurant with a drive-thru (Ginza Bowl), boasting 2087 square feet, is currently leased until 2028 at $4,400 per month. Additional tenants include a barber shop (1200 sq ft, $1600/month lease expiring February 2025), an insurance agency (600 sq ft, month-to-month, $900/month), and a beauty salon (600 sq ft, month-to-month, $850/month). Two vacant 1200 sq ft units are currently used for storage. Ample parking is available for all tenants and customers. The property benefits from recent significant improvements, including a new elastomeric roof coating on both buildings, a new two-unit Carrier A/C system for the barber shop, a new water heater for the restaurant, new LED solar parking lot lighting, and fresh exterior paint. The restaurant features substantial fixed assets, including walk-in refrigeration, a grill, deep fryer, char broiler, a state-of-the-art hood/exhaust fan, and various food preparation equipment. The property's zoning may allow for a medical marijuana dispensary, presenting significant upside potential. Owner monthly expenses total $763, covering insurance, water/sewer, common area electricity, and landscaping. The asking price is $7,775,000. Offers are subject to interior inspection

Location Insight

City

Pomona

County

Los Angeles

State

California

Longitude

-117.775

Latitude

34.0621

CBSA code

31080

CBSA name

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

Property Tax & Assessments