784 Holt AvePomona, CA 91768

  • Retail properties
  • 2,307 SF
For Sale
$2,434,783 View listing

Property Details for 784 Holt Ave

Year built
1958
Lot size
0.42 AC
Property size (Sq ft)
2,307 SF
Zone code
POC4*
Property type
Retail properties
Property subtype
Gas stations
APN
8348-012-043
APU
8348012043

Description

This exceptional investment opportunity presents a 2,355 square foot United Pacific gas station and convenience store in Pomona, CA. Located at 784 W Holt Ave, 91768, this property sits on a 0.43-acre lot and includes 6 gas pumps and 5 parking spaces. The property boasts a strong 100% occupancy rate under an absolute NNN lease with a highly reputable tenant, extending until June 29, 2034, with a remaining term of approximately 9.6 years. The lease includes built-in rent bumps of 7.50% in July 2029 and in each of three 5-year options. The current Net Operating Income (NOI) is $140,000, yielding a 5.75% cap rate on the asking price of $2,434,783. Built in 1952/1958, this fee-simple ownership offers the potential for bonus depreciation benefits. The property's prime location within Los Angeles County ensures high visibility and accessibility, serving a thriving community. This is an ideal investment for those seeking a stable, long-term, high-return opportunity in a desirable California market. The business itself is not for sale

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $844,649
    6.5%
    $779,676
    7%
    $723,985
  • Comparable approach

    Method
    Valuation
    Relative Method
    $985,706
    Geo Method
    $1,124,312
  • Alternative Use

    Use
    Valuation
    Residential
    $657,686
    Hospitality
    $602,437
    Educational
    $501,220
    Medical
    $518,458
    Retail
    $779,676
784 Holt Ave, Pomona, California

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.0618
Longitude
-117.763
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
$39,978
$2,680,504
$579,555
$3,260,059
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