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$1,350,000
Est. payment /mo
0.54 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25523411
HOA Y/N No
Year Built 1949
Lot Size 0.541 Acres
Acres 0.54
Property Sub-Type Comm Ind For Sale
Property Description
Located within Pomona's Corridor Specific Plan (CO-SP), this 23,568 SF site offers zoning for up to 70 units per acre, making it ideal for maximizing multifamily development potential. The property benefits from strong renter demographics, with nearly 40% of households renter-occupied among 104,000+ households within a 5-mile radius, supporting long-term rental demand. Pomona provides attractive entry pricing compared to neighboring LA County cities, yet growing demand creates a strong upside for investors. This rare infill opportunity can accommodate up to 37 units, allowing savvy developers to expand their portfolios in a high-demand rental market. Strategically located in Pomona's Midtown segment, the site is minutes from major freeways, transit lines, and regional employment centers. Population growth is projected to remain stable through 2029, and average household incomes exceed $100,000 within a 5-mile radius, supporting both workforce and market-rate housing demand.
Location
State CA
County Los Angeles
Zoning CO-S
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 8349003046
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