961 Mission BlvdPomona, CA 91766
- Office properties
- 3,000 SF
Property Details for 961 Mission Blvd
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 3,000 SF
- Zone code
- POC4*
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 8335-017-044
- APU
- 8335017044
Description
This exceptional mixed-use property, located at 961 E Mission Boulevard in Pomona, California, presents a lucrative investment opportunity. The 3,000 square foot building sits on a combined 0.28-acre lot (12,037 square feet total), offering significant potential for expansion. Currently operating as a thriving retail center, the property boasts two long-term tenants—a restaurant and a nail salon—both established since 2005 and currently fully occupied under long-term leases. The property's prime location on Mission Boulevard ensures high visibility and accessibility, attracting a steady stream of customers. The site is completely fenced with a block wall, providing security and privacy. Ample parking is available on-site, catering to the needs of both tenants and their patrons. Its convenient location offers easy access to Pomona's Civic Center and downtown area, further enhancing its appeal and investment potential. This property is zoned for mixed-use, allowing for a variety of future development options. The combination of strong existing tenants, a desirable location, and the potential for future expansion makes this a truly exceptional investment opportunity in the thriving Pomona market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $747,193
- 6.5%
- $689,716
- 7%
- $640,451
-
Comparable approach
- Method
- Valuation
- Relative Method
- $508,652
- Geo Method
- $582,570
-
Alternative Use
- Use
- Valuation
- Residential
- $855,248
- Hospitality
- $783,403
- Educational
- $651,782
- Medical
- $674,198
- Retail
- $1,013,883
Location Insight
- City
- Pomona
- County
- Los Angeles
- State
- California
- Latitude
- 34.0557
- Longitude
- -117.738
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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