1420 Holt AvePomona, CA 91768

Property Details for 1420 Holt Ave

Year built

1959

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

1,536 SF

Zone code

POC4*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8348-006-004

APU

8348006004

Description

This completely renovated 1,536 square foot office building in Pomona, CA, is now available for purchase at $899,000. Situated on a 0.33-acre lot, this property boasts a wealth of recent upgrades, making it an exceptional opportunity for a variety of businesses. The comprehensive renovation includes a new roof, new windows, and heavy-duty doors, ensuring both durability and energy efficiency. The interior has been completely refreshed with updated electrical wiring, new flooring, fresh paint and stucco, and a new water heater. Ample parking and a secure lot provide convenience and peace of mind. The generous yard space is ideal for businesses needing extra storage, such as contractors or landscaping companies. However, the property is equally suitable for medical offices or general office use, offering a blend of functionality and practicality. Its strategic location near the 10 and 71 freeways provides easy access for employees and clients. The surrounding area is characterized by industrial and automotive businesses, creating a synergistic environment. This turnkey property offers a rare combination of modern amenities, ample space, and a convenient location, making it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $562,367

  6.5%

  $519,108

  7%

  $482,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $656,283

  Geo Method

  $745,444

• Alternative Use

  Use

  Valuation

  Residential

  $437,887

  Hospitality

  $401,102

  Educational

  $333,712

  Medical

  $345,189

  Retail

  $519,108

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0613

Longitude

-117.773

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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