1771 Indian Hill BlvdPomona, CA 91767

Property Details for 1771 Indian Hill Blvd

Year built

1972

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

3,064 SF

Zone code

POC35*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8318-022-025

APU

8318022025

Description

This exceptional retail property, located at 1771 Indian Hill Boulevard in Pomona, California, presents a unique investment opportunity. Boasting a substantial 3,064 square feet of building space situated on a generous 0.63-acre lot, this property benefits from its highly visible location just off the 10 freeway, ensuring significant exposure to a large volume of daily traffic. The property is currently improved with a Carl's Jr. fast-food restaurant featuring a convenient drive-thru lane, a key element contributing to its strong operational potential. The building itself is well-maintained, reflecting a commitment to quality and upkeep. The expansive lot offers ample space for potential expansion, additional parking, or outdoor amenities, providing significant flexibility for future development or adaptation to suit a variety of retail uses. The asking price of $1,950,000 represents a compelling entry point into the thriving Pomona retail market. This property's combination of size, location, existing improvements, and development potential makes it an attractive investment for discerning buyers seeking a high-traffic, well-established retail asset. The property's strategic positioning near the 10 freeway ensures consistent visibility and accessibility, making it an ideal location for a variety of retail businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,121,805

  6.5%

  $1,035,512

  7%

  $961,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,309,148

  Geo Method

  $1,499,395

• Alternative Use

  Use

  Valuation

  Residential

  $873,493

  Hospitality

  $800,115

  Educational

  $665,687

  Medical

  $688,580

  Retail

  $1,035,512

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0768

Longitude

-117.72

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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