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2478 Arrow Hwy - ±0.7 AC TOD Mixed Use Development Opportunity 0.7 Acres of Commercial Land Offered at $2,650,000 in La Verne, CA 91750
Investment Highlights
- TOD Mixed-Use Development Opportunity
- Across the Street from La Verne's New Metro Gold Line Light Rail Station and Metrolink Commuter Rail
- High Traffic Count: Approximately 32,000 VPD
- Directly Adjacent to Pomona Fairplex, Home of LA County Fair and One Block Away from University of La Verne
- Across the Street from Potential Future 367-Unit Multifamily Development
- Location has a High Tenant Demand with Submarket Occupancy, Ideal for Student Housing
Executive Summary
TOD Mixed-Use Development Opportunity on one of La Verne's Main Thoroughfares
This ± 0.7 AC site has an existing ± 8,928 SF auto repair building that can be a redevelopment or reposition opportunity
The property is in a prime location in Old Town La Verne:
• Directly adjacent to Pomona Fairplex (Home of LA County Fair)
• Across the Street from La Verne's New Metro Gold Line Light Rail Station and Metrolink Commuter Rail
• Across the Street from Potential Future 367-Unit Multifamily Development Project (already entitled)
• One Block Away from the University of La Verne and within a five-mile radius, residents have easy access to other prestigious educational institutions such as the Claremont Colleges, Cal Poly Pomona, and Western University.
Site is zoned Mixed-Use 2, which would allow approximately 70 units/AC and 84 Ft maximum height (see attached flyer for development standard information)
This ± 0.7 AC site has an existing ± 8,928 SF auto repair building that can be a redevelopment or reposition opportunity
The property is in a prime location in Old Town La Verne:
• Directly adjacent to Pomona Fairplex (Home of LA County Fair)
• Across the Street from La Verne's New Metro Gold Line Light Rail Station and Metrolink Commuter Rail
• Across the Street from Potential Future 367-Unit Multifamily Development Project (already entitled)
• One Block Away from the University of La Verne and within a five-mile radius, residents have easy access to other prestigious educational institutions such as the Claremont Colleges, Cal Poly Pomona, and Western University.
Site is zoned Mixed-Use 2, which would allow approximately 70 units/AC and 84 Ft maximum height (see attached flyer for development standard information)
Property Facts
| Price | $2,650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.70 AC |
| Property Type | Land | ||
| Zoning | LVPID - LVPID (Old Town La Verne Specific Plan): Mixed-Use 2 District | ||
| Price | $2,650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.70 AC |
| Zoning | LVPID - LVPID (Old Town La Verne Specific Plan): Mixed-Use 2 District |
1 Lot Available
Lot
| Price | $2,650,000 | Lot Size | 0.70 AC |
| Price Per AC | $3,785,714.29 |
| Price | $2,650,000 |
| Price Per AC | $3,785,714.29 |
| Lot Size | 0.70 AC |
Property Taxes
| Parcel Number | 8378-015-009 | Improvements Assessment | $1,082,432 |
| Land Assessment | $1,677,769 | Total Assessment | $2,760,201 |
Property Taxes
Parcel Number
8378-015-009
Land Assessment
$1,677,769
Improvements Assessment
$1,082,432
Total Assessment
$2,760,201
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2478 Arrow Hwy - ±0.7 AC TOD Mixed Use Development Opportunity
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