Pomona, CA 91767,475 E Foothill Boulevard
Pomona, CA 91767,475 E Foothill Boulevard
Pomona, CA 91767,475 E Foothill Boulevard
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$7,350,000
Est. payment /mo
22,686 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 22,686 sqft

Price per Sqft $323

MLS Listing ID CRCV25132036

HOA Y/N No

Year Built 1969

Lot Size 1.030 Acres

Acres 1.03

Property Sub-Type Other

Property Description

A rare opportunity to acquire a value-add 60-unit extended stay property being operated as a multifamily community in Pomona, California. Foothill Suites is located in the northernmost section of Pomona, which anchors the eastern end of Los Angeles County. This serves as a gateway city to the powerful Los Angeles employment base and the Inland Empire, a region with a population of approximately four million people. The city is surrounded by vibrant and affluent communities like La Verne to the west and Claremont to the east, and the submarket is known as a powerhouse of higher learning institutions. It is conveniently situated just 2 miles from the prestigious Claremont Colleges, including Claremont McKenna College, Pomona College, Scripps College, Harvey Mudd College, and Pitzer College. Additionally, Foothill Suites is a short car ride away from other prominent educational institutions such as Cal Poly Pomona, University of La Verne, and Western University of Health Sciences. Comprising 36 studios and 24 one-bedroom units, the property is designed to cater to the diverse housing needs of its residents. Foothill Suites offer convenience and amenities such as a swimming pool, controlled access for enhanced security, on-site laundry facility, and sixty open space parking spaces, e

Location

State CA

County Los Angeles

Zoning POC4

Interior

Fireplace No

Laundry Common Area

Building

New Construction No

Others

Tax ID 8304014014


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Bridge MLS
Listed by Douglas McCauley • MARCUS & MILLICHAP

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475 E Foothill Boulevard