2720 Garey AvePomona, CA 91767

  • Office properties
  • 4,309 SF
For Sale
$2,325,000 View listing

Property Details for 2720 Garey Ave

Year built
1985
Construction
WOOD
Lot size
0.55 AC
Property size (Sq ft)
4,309 SF
Zone code
POM*
Property type
Office properties
Property subtype
Office buildings
APN
8366-009-027
APU
8366009027

Description

This exceptional 6,713 square foot medical office building presents a rare owner-user opportunity in desirable North Pomona, California. Strategically located just 2.3 miles from the I-210 freeway, this freestanding building boasts significant visibility with over 136 feet of frontage on North Garey Avenue. The property sits on a 0.55-acre lot and includes 26 dedicated parking spaces. Completely remodeled and currently in shell condition, the building is zoned for surgical use and features a covered ambulance driveway with double-wide metal doors. The ground floor encompasses approximately 5,836 square feet, offering three separate entrances, high ceilings accented by skylights, and a dedicated electrical room. An additional 877 square feet of space is available on the second floor, accessible via a stairwell. This turnkey property is priced at $2,300,000 and offers the potential for SBA financing, making it an ideal investment for an owner-user seeking a modern, well-equipped medical facility in a prime location. The property's ample parking, convenient freeway access, and adaptable layout make it an attractive option for a variety of medical practices.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,073,218
    6.5%
    $990,662
    7%
    $919,901
  • Comparable approach

    Method
    Valuation
    Relative Method
    $730,594
    Geo Method
    $822,873
  • Alternative Use

    Use
    Valuation
    Residential
    $1,228,421
    Hospitality
    $1,125,227
    Educational
    $936,176
    Medical
    $968,372
    Retail
    $1,456,274
2720 Garey Ave, Pomona, California

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.0951
Longitude
-117.748
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$36,395
$1,520,000
$1,380,000
$2,900,000
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