1175 Holt AvePomona, CA 91767

Property Details for 1175 Holt Ave

Year built

1969

Construction

TILT-UP CONCRETE

Lot size

0.55 AC

Property size (Sq ft)

1,272 SF

Zone code

PCC4-T3*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8323-016-024

APU

8323016024

Description

This exceptional 23,852 square foot lot presents a remarkable investment or owner-user opportunity in Pomona, California. Located in the City Gateway Segment of the Pomona Corridors Specific Plan, this mixed-use property boasts PCC4-T3 zoning, allowing for a variety of development possibilities. The existing 1,419 square foot building, constructed in 1973 and previously used as a fast-food restaurant, offers immediate income potential for an owner-user while plans for future development are pursued. The property includes 30 surface parking spaces, a significant asset for any commercial venture. The zoning permits up to three stories, with the potential for zero front and side setbacks, maximizing development density. A density bonus of up to 80% is available for affordable housing projects. This location is highly desirable, situated approximately 0.1 miles from a busy bus stop at Holt and Clark, 0.6 miles from Foothill Transit, and 1.4 miles from Western University of Health Sciences. Its proximity to colleges and universities makes it ideal for high-density development, such as retail spaces, apartment buildings, or condominiums. The property's address is 1175 E Holt Ave, Pomona, CA 91767, with APN 8323016024. The asking price is $1,080,000, translating to $45.28 per square foot of land value. Detailed zoning information can be found on the City of Pomona website.

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0634

Longitude

-117.727

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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