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655 N Mills Avenue

Pomona, CA 91767
  • $5,000,000
  • STATUS: Active Under Contract
  • ON SITE: 98 Days
  • ID#: 21793056
Under Contract
UPDATED: 77 min ago
$5,000,000
  • 0
    BEDS
  • 3.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)


Description

Significantly sized parcel totaling 3.37 acres ideal for residential development or an owner user; the site is currently being used as a church and has a large parking lot with a cell phone tower on site. Site falls within the Pomona Corridors Specific Plan City Gateway Segment, with a variety of allowable uses (listed in the marketing package). At the asking price, the property is being offered at a low $34 per square foot. Opportunity for a residential developer to build a substantial townhouse project; ability to potentially build up to 74 townhomes (Buyer to verify due diligence). Unique Opportunity to Acquire a large parcel in a highly visible location. Located on Mills Ave at E. Holt Ave in the City Of Pomona, a central location serving the Inland Empire Job Centers. Located within a newly established Qualified Opportunity Zone for investment, established by the Tax Cuts and Jobs Act, Section 1400Z. The new section 1400Z allows any taxpayer to defer paying tax on capital gains from the sale of property if those gains are timely invested in a Qualified Opportunity Fund (QOF) which, in turn, must invest 90 percent of its assets in businesses located or property used in designated. Six Miles from the Ontario International Airport Exit Off 10 Freeway and Indian Hill Blvd

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T18:26:32.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/122272962
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655 N Mills Avenue Pomona, CA 91767

  • Price: $5,000,000
  • Status: Active Under Contract
  • On Site: 98 Days
  • Updated: 77 min ago
  • ID#: 21793056
0
Beds
0
Baths
0
½ Baths
3.37
Acres
Neighborhood:
687 - Pomona
County:
Los Angeles
Area:
687 - Pomona
Property Description
Significantly sized parcel totaling 3.37 acres ideal for residential development or an owner user; the site is currently being used as a church and has a large parking lot with a cell phone tower on site. Site falls within the Pomona Corridors Specific Plan City Gateway Segment, with a variety of allowable uses (listed in the marketing package). At the asking price, the property is being offered at a low $34 per square foot. Opportunity for a residential developer to build a substantial townhouse project; ability to potentially build up to 74 townhomes (Buyer to verify due diligence). Unique Opportunity to Acquire a large parcel in a highly visible location. Located on Mills Ave at E. Holt Ave in the City Of Pomona, a central location serving the Inland Empire Job Centers. Located within a newly established Qualified Opportunity Zone for investment, established by the Tax Cuts and Jobs Act, Section 1400Z. The new section 1400Z allows any taxpayer to defer paying tax on capital gains from the sale of property if those gains are timely invested in a Qualified Opportunity Fund (QOF) which, in turn, must invest 90 percent of its assets in businesses located or property used in designated. Six Miles from the Ontario International Airport Exit Off 10 Freeway and Indian Hill Blvd
Exterior Features

Parking Total 0 View None View YN No

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Pocc*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T18:26:32.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
5923 Severin Drive
La Mesa CA, 91942
Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)