695 W Holt Avenue
695 W Holt Avenue Pomona, California 91768 United States

$2,245,000
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RECENT PRICE REDUCTION! VERY MOTIVATED SELLER!!100% OCCUPIED WITH TOWNHOME RENTAL UPSIDENeo Pomona Plaza is 100% occupied with 4 of the 6 retail leases not expiring until 2024. The townhome units are only renting for $1,500 per month which is...
$2,245,000
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.41 Acres
Exterior
Townhouse Mixed Use
Property type
1924
Year Built
OC21142040
Web Id
OC21142040
MLS ID
Pomona Unified
School District
156
days ago

About 695 W Holt Avenue

RECENT PRICE REDUCTION! VERY MOTIVATED SELLER!!100% OCCUPIED WITH TOWNHOME RENTAL UPSIDENeo Pomona Plaza is 100% occupied with 4 of the 6 retail leases not expiring until 2024. The townhome units are only renting for $1,500 per month which is over $500 below market, as-is, providing significant upside.OPPORTUNITY ZONE LOCATIONThe community is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone.PRIME MIXED-USE ASSETThe property was renovated in 2009 and is in pristine condition relative similar sized assets in Pomona. The property boasts 24 parking spots and is positioned on a corner lot.PROXIMITY TO DOWNTOWN POMONANeo Pomona Plaza is less than 1 mile from the Downtown Pomona Metrolink, benefitting the retail and residential units. SHORT COMMUTTE TO TOP EMPLOYERSThe mixed-use asset is less than 4 miles from Pomona Valley Hospital (3,230 jobs) and Cal Poly (2,440 jobs).OVER 30,000 CARS PER DAY ON HOLT AVENUE The community has significant frontage on Holt Ave, which has more than 30,000 cars per day. The property is within a mile of the 10 FWY and Western University of Health Services

Listing Courtesy of Brett Bayless, Broker

EXTERIOR

Lot Description
6-10 Units/Acre

ADDITIONAL INFORMATION

Number of Units
8
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