Multifamily development opportunity in the heart of Pomona. This 23,568 SF infill site is zoned Corridor Specific Plan (CO-SP), with the potential to develop approximately 37 residential units (buyer to verify). Ideally located in Pomona's Midtown district, the property offers convenient access to major freeways, public transit, and regional employment centers. The surrounding area benefits from a strong and growing renter population, with nearly 40% renter occupancy and more than 104,000 households within a 5-mile radius, supporting long-term rental demand. Combined with average household incomes exceeding $100,000 and attractive entry pricing relative to neighboring Los Angeles County markets, this site presents a compelling opportunity for developers and investors seeking to capitalize on one of the region's strongest workforce and market-rate housing markets.
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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