Utilities: Sewer Not Available,Water Not Available
Address: 695 W Holt Ave
County: Los Angeles
Neighborhood: 687 - Pomona
Pool Features: None
RECENT PRICE REDUCTION! VERY MOTIVATED SELLER!!
100% OCCUPIED WITH TOWNHOME RENTAL UPSIDE
Neo 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 LOCATION
The community is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone.
PRIME MIXED-USE ASSET
The 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 POMONA
Neo Pomona Plaza is less than 1 mile from the Downtown Pomona Metrolink, benefitting the retail and residential units.
SHORT COMMUTTE TO TOP EMPLOYERS
The 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