Description
We proudly present these 2 Adjacent vacant lots: 880 W Second Street (APN 8342-006-004) and 862 W Second Street (APN 8342-006-005) located in Pomona, CA. The potential development allows up to 26 standard units to be built at up to four stories high, or as many as 47 units if the building is all affordable housing/low income (see State of California Government Code, Section 65915: Density Bonus for Housing Development). These combined 15,830 SqFt Lots are situated right on the corner of two main streets within only a few blocks of the Downtown Area in the City of Pomona. This 135x120 foot lot has a very flat surface - VERY favorable dimensions for any prospective developer. It is zoned as Residential- Multifamily within the Downtown Pomona Specific Plan. Buyer to verify all development potential with the City Planning Department. This Is a great opportunity for any developer looking to take advantage of the growing submarket of Pomona from the ground up. We proudly present these 2 Adjacent vacant lots: 880 W Second Street (APN 8342-006-004) and 862 W Second Street (APN 8342-006-005) located in Pomona, CA. The potential development allows up to 26 standard units to be built at up to four stories high, or as many as 47 units if the building is all affordable housing/low income (see State of California Government Code, Section 65915: Density Bonus for Housing Development). These combined 15,830 SqFt Lots are situated right on the corner of two main streets within only a few blocks of the Downtown Area in the City of Pomona. This 135x120 foot lot has a very flat surface - VERY favorable dimensions for any prospective developer. It is zoned as Residential- Multifamily within the Downtown Pomona Specific Plan. Buyer to verify all development potential with the City Planning Department. This Is a great opportunity for any developer looking to take advantage of the growing submarket of Pomona from the ground up.
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School Ratings & Info
Description
We proudly present these 2 Adjacent vacant lots: 880 W Second Street (APN 8342-006-004) and 862 W Second Street (APN 8342-006-005) located in Pomona, CA. The potential development allows up to 26 standard units to be built at up to four stories high, or as many as 47 units if the building is all affordable housing/low income (see State of California Government Code, Section 65915: Density Bonus for Housing Development). These combined 15,830 SqFt Lots are situated right on the corner of two main streets within only a few blocks of the Downtown Area in the City of Pomona. This 135x120 foot lot has a very flat surface - VERY favorable dimensions for any prospective developer. It is zoned as Residential- Multifamily within the Downtown Pomona Specific Plan. Buyer to verify all development potential with the City Planning Department. This Is a great opportunity for any developer looking to take advantage of the growing submarket of Pomona from the ground up. We proudly present these 2 Adjacent vacant lots: 880 W Second Street (APN 8342-006-004) and 862 W Second Street (APN 8342-006-005) located in Pomona, CA. The potential development allows up to 26 standard units to be built at up to four stories high, or as many as 47 units if the building is all affordable housing/low income (see State of California Government Code, Section 65915: Density Bonus for Housing Development). These combined 15,830 SqFt Lots are situated right on the corner of two main streets within only a few blocks of the Downtown Area in the City of Pomona. This 135x120 foot lot has a very flat surface - VERY favorable dimensions for any prospective developer. It is zoned as Residential- Multifamily within the Downtown Pomona Specific Plan. Buyer to verify all development potential with the City Planning Department. This Is a great opportunity for any developer looking to take advantage of the growing submarket of Pomona from the ground up.
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Listing provided courtesy of John Stiegler II of Lyon Stahl Investment Real Estate, Inc.: 310-447-2213. Listing information © 2023 San Diego MLS Inc.
Source: CRMLS