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    655 N Mills Ave

    Pomona, CA 91767
    • $5,000,000
    • STATUS: Active
    • ON SITE: 12 Days
    • MLS #: 21-793056
    UPDATED: 27 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

    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 the Combined LA/Westside Multiple Listing Service as of 2021-10-24T20:42:24.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/122270843
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    655 N Mills Ave Pomona, CA 91767

    • Price: $5,000,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 21-793056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.37
    Acres
    Neighborhood:
    Pomona
    County:
    Los Angeles
    Area:
    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

    Lot Size Area 146923 View Description None View YN No Water Frontage None

    Property Features

    Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Pocc*

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-24T20:42:24.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253