Description

COUNTY ASSESSORS VALUATION: $470,260 BUYER GAINS INSTANT EQUITY Priced below value, offering approximately $50,000 in immediate equity for construction financing leverage (SELLER FINANCING AVAILABLE) Prime Development Opportunity 8,635 Sq Ft Vacant Double Lots located in the heart of Pomona! Zoned under the Pomona Downtown Specific Plan Mixed-Use High Density (MU-HD): Zoning Allows: Mixed-Use, Attached Residential, and Commercial Number of Stories: 3 Minimum / 6 Maximum Zero Setback Requirement Build to the edge Density: 4080 units per acre Build 8 to 19 Units by Right Eligible for 80% Density Bonus for Affordable Housing Add up to 15 Additional Units Perfect for Affordable University Student Housing Apartments Nearby Colleges: Cal Poly Pomona, Western University of Health Sciences, Mt. San Antonio College (Mt. SAC), and the 5 Claremont Colleges. Transit Oriented Development Opportunity: Only 300 meters from the Pomona Regional Transit Center As of Jan 1, 2023, California law exempts parking requirements for projects within mile of major transit centers This property qualifies 2 Blocks from Holt Ave Corridor Walking distance to grocery stores, shops, and restaurants Within 4 miles of the 60, 10, 57, and 71 Freeways Lot is flat, level, and ready for development Whether your vision is residential, commercial, or a high-density mixed-use project. Strategically located in a rapidly transforming downtown district, this site offers unmatched upside for developers, investors, or builders looking to capitalize on Pomonas urban revitalization. See Pomona Downtown Specific P

Features

• 0.2 Acres