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420 North Reservoir Street Pomona, CA 91767
- $899,000
- Year Built: 1912
- Commercial
- Listing #CV25177764
Property Description
PRICE REDUCED! Create, convert, or build. This rare two-building property in the heart of Pomona’s Opportunity Zone offers compelling flexibility for value-add investors and builders. The site features a primary structure currently configured with 11 bedrooms and 2 bathrooms, an open common area, and an open kitchen, plus a second free-standing structure used for storage. With city verification, the property presents a path to build up to 12 residential units or pursue a full redevelopment that aligns with neighborhood needs and long-term growth. Opportunity Zone location. Potential capital gains tax incentives for qualifying investors. Buyer to verify eligibility and program guidelines. Development pathway. Potential to build up to 12 units, subject to city approval. Multi-use flexibility. Explore co-living, workforce housing, student housing, community-serving uses, or a creative campus, pending permits and zoning compliance. Two structures on one lot. Primary building with 11 bedrooms, 2 baths, open area, and open kitchen, plus a separate storage building. Prime Pomona position. Convenient access to major employment, education, and transportation corridors that support strong tenant and user demand. Value-add upside. Reconfigure the existing layout for income now while advancing entitlements for long-term growth.
Listing Details
| Price | $899,000 |
|---|---|
| Year Built | 1912 |
| Property Type | Commercial |
| Listing # | CV25177764 |
| Status | Active |
| Listing Type | For Sale |