10
See all 10 photos
$1,040,000
Est. payment /mo
7,997 Sqft Lot
New
420 N Reservoir ST Pomona, CA 91767
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25177764
HOA Y/N No
Year Built 1912
Lot Size 7,997 Sqft
Property Sub-Type Mixed Use
Property Description
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.
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.
Location
State CA
County Los Angeles
Area 687 - Pomona
Zoning Call City
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence Chain Link
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 2
Water Public
Others
Tax ID 8326020024
Special Listing Condition Standard
Listed by Stephanie Velez NEXTHOME CHAMPION ELITE 951-235-0470