1108, 1110, 1112 & 1118 S. Garey Ave., Pomona, CA, 91766 - Available for Sale

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STUNNING MIXED USE PROPERTY, INVESTMENT, WORK/LIVE

1108, 1110, 1112 & 1118 S. Garey Ave., Pomona, CA 91766

$929,000

4 Units | Multifamily

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Multifamily Property For Sale - In Contract

Price:
$929,000
No. Units:
4
Building Size:
6,204 SF
Price/Unit:
$232,250
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Additional Sub-types:
Office Building
Medical Office
Free Standing Bldg
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.60%
Gross Rent Multiplier:
10
No. Stories:
2
Year Built:
1906
Lot Size:
22,500 SF
APN / Parcel ID:
8333-019-009
Listing ID
18623158
Last Updated
7 days ago

Find Out More...

Highlights

  • 2 Story, 4012 SF Home built in 1906
  • Corridors Specific Plan Mixed Use Plan ACTIVE!
  • 2 Story Duplex and Commercial Building Included
  • Medical, Group Home
  • Cultural and Civic Uses
  • Work Live, Student Housing

Description

Investment, work/live, retail, office, medical, residential income, cultural center, civic and lodging mixed use 1/2 acre property with circa 1906, 2 story Craftsman Four Square style, 4 bedroom, 3 and 1/2 bath, basement, duplex and commercial building with full basement storage. Large open areas for events, cultural atmosphere, gathering place, hospice, commercial/retail and medical. Recently Renovated. Upgraded plumbing and electrical. . Pomona' s new Corridors Specific Plan now allows office, retail, work/live, lodging, civic/cultural, medical and higher-density residential uses. Owner may carry.

South East Corner of Garey Ave. and 11th St. North off the Pomona Freeway (60) Garey Ave. off-ramp. South of the San Bernardino (10) Freeway, Garey Ave. off-ramp, Orange Grove off-ramp westbound. Within walking distance to the Courthouse & the Downtown Pomona Arts District.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Proforma
  • $96,000
  • $84,000
  • $12,000
  • $84,000

Map of 1108, 1110, 1112 & 1118 S. Garey Ave., Pomona, CA 91766 (Los Angeles County)

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Danny Holznecht
Danny Holznecht

LA and San Bernardino County Line Corridor Specialist

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License #00635371

Asking Price Index Trends for Pomona, CA Multifamily For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$156,901+3.9%+8.9%
-
Metro
$200,345+4.5%+15.4%
-
County
$198,795+4.2%+13.9%

View Pomona Market Trends for other property types for sale or lease. Learn more about the chart info.

STUNNING MIXED USE PROPERTY, INVESTMENT, WORK/LIVE
  • Multifamily
  • $929,000
  • 4 Units
  • 6,204 SF