Description
What a great opportunity to own a piece of land in LA County with various options, thanks to this mixed-use lot located in an Opportunity Zone! This fantastic development opportunity is perfect for first-time builders and experienced developers. Zoned under the Pomona Downtown Specific Plan, this lot is ideal for Mixed-Use, Attached Residential, or Commercial projects. You can build up to multiple stories with a Mixed-Use, High-Density Residential Standard: 80 du/ac maximum, with an additional density bonus of up to 80% for affordable housing. This makes it perfect for affordable university student housing apartments or similar options. Alternatively, build 4 units to keep it within residential financing guidelines. The possibilities on this lot are endless. Utilities are readily available on the street, and it's close to several colleges, including Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, and the 5 Claremont Colleges. The property has minimal setbacks (0 feet) and is just 1,000 feet from the Pomona Regional Transit Center. Starting January 1, 2023, California exempts developers from building parking spaces/structures for buildings within a half-mile of a major transit center, and this property qualifies for that exemption. It's just 2 blocks from
Details
Type:
Land Sale
Subdivision: 687 - Pomona
County: Los Angeles
Tax ID: 8336024023
Days on Market: 150
AltCal ID: CRCV24104225
Property Type: Lots Sale
Sub Type: Other Residential Land
Utilities: Electricity - On Site
View: None
Water: District - Public
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Interactive
34.060806
-117.75351
$452,000
CV24104225
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Based on information from the MLSListings MLS) as of 10/24/2024. 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.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS) as of 10/24/2024. 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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