552 San Antonio Ave Pomona, CA 91767
- Retail space
- 3,312 SF
- 0.14 lot acres
Current Use by Public Records
- La Fluer Nailz / Nail Salon
- Renaissance Flowers / Florist / Wedding Service
- Vigo / Bank / Credit Union
Property Details for 552 San Antonio Ave
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 3,312 SF
- Zone code
- POC4*
- Property type
- Retail space
- APN
- 8323-005-017
- APU
- 8323005017
Description
This exceptional 3,312 square foot retail strip center, situated on a 0.14-acre lot at 552 N San Antonio Avenue in Pomona, CA, presents a lucrative investment opportunity. The property boasts seven individual units, currently housing a diverse mix of established businesses including a snack shop, bargain store, flower shop, hair salon, and supplement/vitamin and party supply store. Units A through E are currently leased, generating consistent rental income, while units F and G are vacant, offering immediate potential for owner-occupancy or additional lease revenue. The center features eleven convenient parking spaces for customers and tenants. A shared restroom is available for tenant use. Each unit is equipped with its own individual electrical meter, simplifying utility management. The property owner covers the costs associated with water, gas, trash removal, property taxes, and the electricity for common areas, minimizing operational expenses for tenants. The property's prime location at the northeast corner of the San Antonio Avenue and Holt Avenue intersection ensures high visibility and accessibility, attracting significant foot traffic and maximizing exposure for all tenants. This well-maintained property offers a blend of stable income and growth potential, making it an ideal acquisition for both seasoned investors and first-time buyers seeking a strong foothold in the Pomona commercial real estate market. The asking price is $988,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $335,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $800,000
- 6.5%
- $740,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $658,000
- AI Estimate
- $385,000
Market price range: $404k - $910kMarket price range: $148k - $564k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $595,000 Current use
- WAREHOUSE, STORAGE
- $770,000 Change: +29% Conversion: Difficult
- OFFICE BUILDING
- $665,000 Change: +12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Pomona
- County
- Los Angeles
- State
- California
- Longitude
- -117.736
- Latitude
- 34.0634
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA