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2394 Garey Ave - Garey Ave - Residential Development Site 5.88 Acres of Residential Land in Pomona, CA 91766
EXECUTIVE SUMMARY
Underutilized property that is prime for residential development, very similar to the Gateway Towns project by Century Communities located at 2109 S Garey Ave, Pomona, CA 91766.
Owned by Pomona Unified School District, which recently sold three other surplus properties for residential development.
While "As-Is" offers are preferred, if maximum value is dependent on obtaining residential development approvals (e.g. Tentative Map), the the property owner is willing to accept an Option Agreement. Said Option Agreement will require regular and substantial nonrefundable deposits to be released to the property owner on regular intervals throughout the development approval period.
Owned by Pomona Unified School District, which recently sold three other surplus properties for residential development.
While "As-Is" offers are preferred, if maximum value is dependent on obtaining residential development approvals (e.g. Tentative Map), the the property owner is willing to accept an Option Agreement. Said Option Agreement will require regular and substantial nonrefundable deposits to be released to the property owner on regular intervals throughout the development approval period.
PROPERTY FACTS In Escrow
1 LOT AVAILABLE
Lot
| Lot Size | 5.88 AC |
| Lot Size | 5.88 AC |
Approximately 5.8-acres available, situated at the intersection of the 60 and 71 freeways.
DESCRIPTION
See attached Request for Qualifications and Proposals.
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PROPERTY TAXES
| Parcel Number | 8331-012-901 | Improvements Assessment | $0 |
| Land Assessment | $70,125 | Total Assessment | $70,125 |
PROPERTY TAXES
Parcel Number
8331-012-901
Land Assessment
$70,125
Improvements Assessment
$0
Total Assessment
$70,125
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2394 Garey Ave - Garey Ave - Residential Development Site
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