For Sale
$2,000,000

169-177 Monterey AvePomona, CA 91768

Two lots, 50+ unit potential

Overview

Added:
Dec 11, 2024
Days on market:
115
Prime development opportunity in Pomona, CA, presents two vacant lots totaling approximately 28,500 square feet. Located at 169-177 W Monterey Ave, this property boasts a desirable location within the Pomona Downtown Specific Plan (DTSP), offering significant potential for high-density residential development. The DTSP zoning permits the construction of a six-story building with up to 50 units, as confirmed by city planning. Situated at the corner of Monterey Ave and Main, the property benefits from its proximity to the Pomona Transit Center, pedestrian bridge, Arts Colony, Thomas Street, the Fox Theater, and Western University of Health Sciences, placing it in the heart of Pomona's vibrant downtown area. The land is offered at $2,000,000, translating to approximately $87.72 per square foot. APN numbers are 8336-025-009 & 010. The seller is motivated and will consider all reasonable offers. This presents a unique chance to capitalize on the growth and revitalization of Pomona's downtown core. The property offers 100% ownership.

Highlights

  • Up to 50 residential units are permitted across six stories, per city planning approvals.
  • Prime downtown location.
  • Seller highly motivated; all reasonable offers considered.
  • Excellent development opportunity.

Property Details for 169-177 Monterey Ave

Property type
Land

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.060507980759
Longitude
-117.75164999034
169-177 Monterey Ave, Pomona, California

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169-177 Monterey Ave
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