Asking Price: $398,500

(SELLER FINANCING AVAILABLE) 8,635 Sq Ft, Vacant Double Lots situated in the heart of Pomona. Zoned under the Pomona Downtown Specific Plan; Zoned for Mixed-Use, Attached Residential, Commercial; Number of stories: 3 minimum/6 maximum; Zero Setback Requirement for this Property; Density (units/acre) 40 to 80; Minimum 8 Units/Maximum 19 units; Density Bonus up to 80% for Affordable Housing, which allows developer to add 15 more units; Perfect for Affordable University Student Housing Apartment. Colleges nearby: Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, the 5 Claremont Colleges. Pomona Regional Transit Center is 300 meters from this property. As of January 1, 2023, California exempted developers from building parking spaces/structures for complexes within a half mile of a major transit center. This property qualifies for that exemption. 2 blocks from main Pomona corridor, Holt Ave. Multiple grocery markets and restaurants within walking distance. Property within four miles of the 60, 10, 57, and 71 Freeways. The lot features a flat, level terrain, ready for immediate development, whether for residential, commercial, or a combination of both. Strategically located in a rapidly evolving neighborhood, this property is ideal for investors and developers looking to maximize returns in a high-demand area. See the Pomona Specific Plans Mixed Use-High Density Residential Standards attached.