918 1St StPomona, CA 91766

Property Details for 918 1St St

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,987 SF

Zone code

POCIND*

Property type

Retail properties

Property subtype

Auto shops

APN

8342-002-021

APU

8342002021

Description

Prime investment opportunity: a well-maintained, 2,987 square foot auto body shop with a paint booth located at 918 West 1st Street, Pomona, CA 91766. This single-story, Class C industrial/retail property sits on a 0.3-acre lot and boasts three 21' x 9'6" dock-high doors, providing ample access for vehicles. The building, constructed in 1964, features a 12-foot ceiling height and recently updated office space and restrooms. The property includes a covered awning work area (not included in the square footage) and a large, secured, paved, and fenced yard. Two separate power meters are present (power needs confirmation). The property has operated as an auto body and repair facility for over 30 years, showcasing a history of successful operation. The zoning is LM3-G1-CX1

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,614

  6.5%

  $1,009,489

  7%

  $937,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,248

  Geo Method

  $1,461,715

• Alternative Use

  Use

  Valuation

  Residential

  $851,542

  Hospitality

  $780,008

  Educational

  $648,957

  Medical

  $671,276

  Retail

  $1,009,489

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0582

Longitude

-117.76

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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