420 N Reservoir ST, Pomona, CA 91767 - MLS#CV25177764

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 899,000

Est. payment | -/mo

7,997 Sqft Lot

Save

$ 899,000

Est. payment | -/mo

Save

7,997 Sqft Lot

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

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.

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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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420 N Reservoir ST Pomona, CA 91767