891 2Nd StPomona, CA 91766

Property Details for 891 2Nd St

Year built

1925

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,980 SF

Zone code

POCIND*

Property type

Retail properties

Property subtype

Retail space

APN

8342-001-023

APU

8342001023

Description

This exceptional investment opportunity presents a 3,960-square-foot flex space property located at 891 W 2nd St, Pomona, CA 91766. The property, encompassing two units within a single, one-story building, sits on a generous 10,120-square-foot lot. Built in 1925, this property offers significant potential for various uses, thanks to its mixed-use zoning allowing for both industrial and commercial applications. The property features a total of 3,960 square feet of usable space, distributed across the two units. Importantly, there are no loading docks or dock-high doors. The property's APN is 8342-001-023, 8342-001-024. Located in Los Angeles County, this property presents a rare chance to acquire a well-situated industrial/commercial space in a thriving area. The asking price is $1,100,000. This represents a strong investment opportunity given the property's size, location, and zoning flexibility. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $724,926

  6.5%

  $669,163

  7%

  $621,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $845,990

  Geo Method

  $968,930

• Alternative Use

  Use

  Valuation

  Residential

  $564,464

  Hospitality

  $517,046

  Educational

  $430,176

  Medical

  $444,970

  Retail

  $669,163

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0579

Longitude

-117.759

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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