For Sale
$7,775,000

1483 Holt AvePomona, CA 91768

High-Traffic Retail Complex, Huge Potential

Overview

Added:
Feb 3
Days on market:
60
This exceptional multi-use commercial property, situated on a high-traffic section of Holt Avenue in Pomona, CA, presents a compelling investment opportunity. The 0.4-acre lot encompasses two buildings totaling over 5,687 square feet, currently housing a thriving mix of established businesses. A freestanding restaurant with a drive-thru (Ginza Bowl), boasting 2087 square feet, is currently leased until 2028 at $4,400 per month. Additional tenants include a barber shop (1200 sq ft, $1600/month lease expiring February 2025), an insurance agency (600 sq ft, month-to-month, $900/month), and a beauty salon (600 sq ft, month-to-month, $850/month). Two vacant 1200 sq ft units are currently used for storage. Ample parking is available for all tenants and customers. The property benefits from recent significant improvements, including a new elastomeric roof coating on both buildings, a new two-unit Carrier A/C system for the barber shop, a new water heater for the restaurant, new LED solar parking lot lighting, and fresh exterior paint. The restaurant features substantial fixed assets, including walk-in refrigeration, a grill, deep fryer, char broiler, a state-of-the-art hood/exhaust fan, and various food preparation equipment. The property's zoning may allow for a medical marijuana dispensary, presenting significant upside potential. Owner monthly expenses total $763, covering insurance, water/sewer, common area electricity, and landscaping. The asking price is $7,775,000. Offers are subject to interior inspection

Property Details for 1483 Holt Ave

Property type
Retail properties
Square Feet
5,687 SF
Year Built
1988
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.06197
Longitude
-117.775
1483 Holt Ave, Pomona, California

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1483 Holt Ave
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