New Redevelopment Opportunity Transit Oriented Potential for … · 2020. 5. 18. · KAMRAN PAYDAR . Vice President +1 310 550 2529 [email protected]. Lic. 012425920 KYLE BARRATT

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Redevelopment Opportunity Urban Core - Pomona, CA

Available as a Portfolio or Individually

www.PomonaRedevelopment.com

F O R S A LE Potential for Up to ±3.41 Acres

Transit Oriented Development

Neighborhood

Pomona Redevelopment


Property Descriptions

Area Overview

Rent Comparables

9

16

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Table of Contents

LAURIE LUSTIG-BOWERExecutive Vice President+1 310 550 [email protected]. 00979360

KAMRAN PAYDAR Vice President +1 310 550 [email protected]. 012425920

KYLE BARRATT Vice President+1 818 907 [email protected]. 01900653

4

N. Garey Ave.N. Garey Ave.

W. Holt Ave.

W. Holt Ave.

W. Center St.

W. Center St.

N. Main St.N. Main St.

CHALVIS R. EVANSManaging Director+1 818 907 [email protected]. 01318400

The OpportunityCBRE, Inc., as exclusive agent, is pleased to present for sale a portfolio of properties in the heart of Pomona, Los Angeles County, California. The properties can be purchased as a portfolio or individually or in any combination.The offering presents a compelling multifamily mixed-use redevelopment opportunity in the urban core of Pomona, the seventh largest city in Los Angeles County.

The Seller has an Exclusive Negotiating Agreement with the City to acquire an adjacent +/-1.24 acre parcel (currently a parking lot) at no cost with the condition that up to 90 parking spaces be provided for public parking in a new development. A copy of this agreement is in the property website: www.PomonaRedevelopment.com

The properties boasts outstanding Walk Scores of 91-to-94 out of 100 – a “Walker’s Paradise” – and is proximate to Pomona City Hall, Western University of Health Sciences, and Pomona’s Downtown Art Colony.The local community supports dynamic business enterprises including the annual Los Angeles County Fair which generates a national economic impact of over $250 million. A variety of lifestyle and recreational amenities are close to the properties, including a weekly Certified Farmers Market, monthly Artwalk gatherings, parks, and convenient access to the San Gabriel mountains.

ADDRESS LAND SF ACRES APN1 221 W. Holt Avenue ±43,996 ±1.01 8336-014-0272 499 N. Garey Avenue

441 N. Garey Avenue415 N. Garey Avenue

±25,058±9,226±8,524

±0.58±0.21±0.20

8336-022-0158336-022-0078336-022-008

3 383 N. Main Street ±7,796 ±0.18 8336-024-008

SUB TOTAL ±94,600 ±2.17

4 109 W. Center Street (City parking lot) ±54,014 ±1.24 8336-022-901

The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 parking spaces for public parking.

TOTAL- POTENTIAL UP TO ±148,614 ±3.41

Metrolink’s Downtown Pomona commuter rail train platform is located a few blocks from the properties and provides direct access to Downtown Los Angeles/Union Station to the west and Downtown Riverside to the east, with points in between. Additionally, the Metrolink San Bernadino Line rail platform is approximately two miles away.Transportation linkages via Interstate 10 along with State Routes 57, 60 and 71 connect Pomona to Greater Los Angeles, San Bernardino and Riverside. The properties are an approximately 30-minute drive to Downtown Los Angeles and 15 minutes to Ontario International Airport.The properties are being offered to the market on an unpriced basis and can be purchased as a portfolio or individually or in any combination of the below groups: 1, 2 and 3. Buyers should indicate in their offers if they intend to pursue the City parking lot through the Seller’s Exclusive Negotiating Agreement.

Bwww.PomonaRedevelopment.com

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1 221 W. Holt Avenue2 499 N. Garey Avenue

441 N. Garey Avenue415 N. Garey Avenue

3 383 N. Main Street

N

➤➤

N

© 2019 Google

© 2019 Google

© 2019 Google

221 W. Holt Ave.

N.M

ain

St.

N.M

ain

St.

N.G

arey

Ave

.N

.Gar

ey A

ve.

W. Center St.W. Center St.

3

W. Holt Ave.W. Holt Ave.

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499 N. Garey Ave.

441 N. Garey Ave.

415 N. Garey Ave.

383 N. Main St.

109 W. Center St.

1

4

2

2

South View

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1

4

66www.PomonaRedevelopment.comwww.PomonaRedevelopment.com

DOWNTOWN POMONADowntown Pomona is a safe, clean, friendly, historic mixed-use urban neighborhood that serves as a regional destination for the arts, antiques, retail and entertainment and is the center for commerce, education and culture within the diverse community.

North View

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1

4


Opportunity Highlights

Excellent Location in the Heart of Downtown

Pomona.

A “Walker’s Paradise”. Outstanding Walk Scores of 91-to-94

Out of 100.

Acquire Up to a ±3.41-Acre Assemblage

With Redevelopment Potential for Multifamily

Mixed-Use.

Exclusive Negotiating Agreement With City of

Pomona for Adjacent ±1.24-Acre Parcel.

Proximate to Pomona Civic, Educational, and

Cultural Amenities.

Close to Two Metrolink Commuter Rail Train

Platforms.

Freeway Linkages to Greater Los Angeles, San Bernardino, and

Riverside.

Located in a Transit Oriented Development

Neighborhood.




E. Commercial St.

E. Commercial St.

E. Monte

rey Ave.

E. Monte

rey Ave.

W. C

ente

r St.

W. C

ente

r St.

W. H

olt

Ave

.W

. Ho

lt A

ve.

N. Gordon St.N. Gordon St.

Property Descriptions

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3

2

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1 Address 221 W. Holt Ave.Pomona, CA 91768

Land Size ±43,996 SF±1.01 Acres

APN 8336-014-027

Zoning Corridors SP - Downtown

Lease None

Parking ±84 Spaces

Entitled No

City Council District Council District 1Council Member Rubio R. Gonzalez

The Property has a Walk Score of 91

1N. Main St.

N. Main St.


1

Pomona Specific Planhttp://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf

Address 499 N. Garey Ave.Pomona, CA 91768


APN 8336-022-015Zoning Corridors SP - DowntownExisting Building Size ±13,666 SFYear Built 1962Lease VacantEntitled No


2A



APN 8336-022-007Zoning Corridors SP - DowntownExisting Building Size ±8,516 SFYear Built 1952Lease Partially Occupied; Month-To-MonthEntitled No


2B

2C

499 N. Garey Ave.

441 N. Garey Ave.

415 N. Garey Ave.


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The Properties have a Walk Score of 94

2A2B

2C

N. Gare

y Ave

.

N. Gare

y Ave

.



2A

2B

2C



APN 8336-022-008Zoning Corridors SP - DowntownExisting Building Size ±8,238 SFYear Built 1928Lease Partially Occupied; Month-To-MonthEntitled No




3

N. Main St.

N. Main St.

W. Center St.

W. Center St.

3

Address 383 N. Main St.Pomona, CA 91768


APN 8336-024-008Zoning Corridors SP - DowntownExisting Building Size ±2,400 SFYear Built 2003Lease Month-To-MonthEntitled No


3



Address 109 W. Center St.Pomona, CA 91768


APN 8336-022-901

Zoning Corridors SP - Downtown

Parking Up to 90 Spaces

Entitled No




4

N. Main St.N. Main St.


W. Center St.

W. Center St.

W. Holt Ave.

W. Holt Ave.

4

The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 parking spaces for public parking.

4

14www.PomonaRedevelopment.com

The fee simple building located at 154-160 W. Holt Avenue in Pomona, CA (“Property”) is also available for sale. Approximately 10,375 SF of 3-story retail/office situated on the main thoroughfare of Holt Avenue, nearby Downtown Pomona. The property is well-located with numerous adjacent retail amenities and nearby public transportation. Previously used as a Banquet Hall and zoned for general commercial (to be reused as office, commercial or residential), this property offers an owner/user the unique ability to occupy a building nearby the rapidly improving Downtown Pomona corridor.

Also Available – Separate Offering By Same Owner

154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com

154-160 W. Holt Avenue Also Available -

Separate Offering By Same Owner

N. Main St

N. Main St..

N. Garey Ave

N. Garey Ave..


3

2 1

4

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Property Address 154-160 W. Holt Ave. Pomona, CA 91768

Asking Price $1,750,000Total Building Area ±10,375 SFLand Area ±7,569 SFAPN 8336-022-002Stories 2Year Built 1929Frontage ±63’ (W. Holt Avenue)Percentage Vacant 100%

Zoning Pomona Corridors Specific Plan – Neighborhood Center

Uses* Reuse for Office, Retail, or Residential

Parking Abundant Free Surface Parking directly behind the Property (City owned lot)

* Please contact the City Planning Department to verify all zoning and use related questions.

(Continued)

• Elegant Spanish Revival Style• Character-Defining Architectural Features• Wrought Iron Window Tracery • Wrought Iron Balconettes • Arched Façade Opening With Wood Doors and Surrounding Glass • Half-Round Metal-Framed Windows With Tinted Glass • Parapet Wall False Roof Eaves

154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com

Description

1515

Area Overview

N. Garey Ave.

N. Garey Ave.

E. Monterey Ave.

E. Monterey Ave.

W. Holt Ave.

W. Holt Ave.

N. Main St.

N. Main St.

3

2 1

4


POMONAOn January 6, 1888, Pomona was incorporated as a City and became a charter City in 1911. Today, Pomona is the seventh largest city in Los Angeles County, with a population of over 151,000 residents. Pomona boasts a progressive economy, business opportunity, and a strong workforce with attractive shopping, recreational, and real estate offerings. The Pomona Valley had been a fruitful valley in the past and is now fruitful from the strength and efforts of its people. With a vision to promote harmonious diversity and economic prosperity, Pomona is vibrant community with progressive citizens leading, testing the limits of progress, and striving to provide a high quality of life for all of Pomona.

(www.ci.pomona.ca.us)

Pomona Downtown Metrolink Station


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221 W. Holt Ave.

499 N. Garey Ave.

441 N. Garey Ave.

415 N. Garey Ave.

383 N. Main St. 109 W. Center St.

2

3

4

1


22

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Pomona Amenities

MAJOR EMPLOYERS• Pomona Unified School District • Pomona Valley Hospital Medical Center• California State Polytechnic University Pomona• Lanterman Developmental Center• City of Pomona• Casa Colina Rehabilitation Center• Verizon• County of Los Angeles Department of Social Services• First Transit• Cal Spas



EDUCATION

Western University of Health Sciences is one of the largest graduate schools for the health professions in California. Alumni from this university are ranked among the top leaders in health care and medicine throughout the country and the world. The university offers 9 health sciences colleges and 20 degree programs, supported by approximately 1,100 employees. Its main campus in Southern California is one of the most thriving enterprises in the Pomona and Inland Valleys.

California State Polytechnic University, Pomona (Cal Poly Pomona) is a public polytechnic university established in 1938 and located in Pomona, California. It is only one of the seven polytechnic universities in the United States. Cal Poly Pomona has the oldest and largest hospitality management college in California. Also, it has the largest civil engineering student populations in the nation. Cal Poly Pomona offers 94 Bachelor’s degrees, 39 Master’s degrees, 13 teaching credentials, and a doctorate across 9 distinct academic colleges.

University of La Verne was founded in 1891 as a private not-for-profit university in La Verne, California that offers both undergraduate and graduate programs. More specifically, the university is composed of the College of Arts & Sciences, College of Business & Public Management, College of Education and Organizational Leadership, and College of Law.

The Claremont Colleges is a collaboration of five highly selective undergraduate colleges and two graduate institutions. The Colleges include Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute. Each acedemic institution has its own campus, students, faculty, and mission.

212121

TRANSPORTATION

North Hollywood

Wilshire/Western

Chatsworth

Santa Monica

7th/Metro

Norwalk

Long Beach

Redondo Beach

APU/Citr

us Colle

ge

Atlantic

San D

iegoSo

lana

Beac

h

Ocean

side

San C

lemen

te Pie

r

Limited

Servic

e

Escond

ido

Riverside-Downtown

Riverside-La Sierra

Irvine

Tustin

Buen

a Par

k

Santa

Ana

Glenda

leBurb

ank -

Dow

ntown

Anahe

im

San Juan Capistrano

Fulle

rton

Norwalk

/San

ta Fe

Sprin

gs

Lagu

na N

iguel/

Mission

Viej

o

San C

lemen

te

Orange

Oxnard

Camari

llo

Moorp

ark

Simi V

alley

Chatsw

orth

Ventu

ra - E

ast

Ventu

ra

Northr

idge

Van N

uys

AnaheimCanyon

Corona

-

North

Main

Montcl

air

Baldw

in Pa

rk

El Mon

te

Cal Sta

te L.A

.

Sylmar/San Fernando

Burb

ank A

irpor

t -

South

(VC Li

ne)*

Covina

San B

ernard

ino D

epot*

*

San B

ernard

ino -

Downto

wn

Clarem

ont

Upland

Commerc

e

Monteb

ello/

Commerc

e

Jurup

a Vall

ey/

Pedle

y

Sun V

alley

Ontario

- Eas

t

Indust

ryPo

mona -

Downto

wn

Pomon

a - N

orth

Corona

- West

Place

ntia

Future

Station

Fonta

na

Ranc

ho C

ucam

onga

Rialto

Lancaster

Palmdale

Vincent Grade/Acton

Via Princessa

Santa Clarita

Newhall

Perris - South

Burb

ank A

irpor

t -

North

(AV Line

)

Perris -Downtown

Moreno Valley/March Field

Riverside-Hunter Park/UCR

SAN BERNARDINOCO.

RIVERSIDECO.

SAN DIEGOCO.

LOS ANGELESCO.

PACI F IC O CEAN

VENTURACO.

ORANGECO.

L.A. U

nion S

tation

metrolinktrains.com

Effective April 3, 2017

Antelope Valley Line

91/Perris Valley Line

Ventura County Line

San Bernardino Line

Riverside Line

Orange County Line

Inland Empire-Orange County Line

Station Served byMultiple Lines

LAX FlyAway Bus

Amtrak Pacific Surfliner

* Formerly Burbank/Bob Hope Airport Station** Formerly San Bernardino Station

Future Station

CoasterOceanside to San Diego

SprinterOceanside to Escondido

Metro Rail/Metro Bus

NMAP NOT TO SCALE

METROLINK COMMUTER RAIL SYSTEM

Effective May 14, 2018

Subject Properties

Pomona

-

Pomona

-

Downtown

Downtown

APU/Citru

s Colle

ge

APU/Citru

s Colle

ge

AtlanticAtlantic

GOLD LINE RAIL EXTENSIONGOLD LINE RAIL EXTENSIONFOOTHILL TO MONTCLAIRFOOTHILL TO MONTCLAIR

Glendora

Glendora

San Dim

as

San Dim

as

La Vern

e

La Vern

e

Pomona

Pomona

Claremont

Claremont

Montc

lair

Montc

lair

The Metrolink Pomona - Downtown Station, served by the Riverside Line, is approximately a 4-7 minute walk from the Properties. Metrolink Pomona North Station, served by the San Bernardino Line, is approximately two miles away.

The Foothill Gold Line from Glendora to Montclair is a 12.3-mile extension of the Metro Gold Line light rail system. The project will add new Gold Line stations in the cities of Glendora, San Dimas, La Verne, Pomona, Claremont and Montclair. The future Pomona Station

will be located northeast of the Pomona North Metrolink station (east of Fulton Road and west of Garey Avenue).


RECREATION

Fairplex is located in Pomona, and is the name for the 487 acres that Los Angeles County Fair Association (LACFA) uses for conducting the Los Angeles County Fair and year-round businesses. The LA County Fair is the largest of all the county fairs in California in terms of acreage, revenue and employees. The LA County Fair is held each September, and generates a national economic impact of more than $250 million.

Raging Waters, located in San Dimas is California’s largest water park. Raging Waters is landscaped over 50 acres of water slides and attractions for all different ages, offering a family fun outing for everyone. It features more water rides than any other water park in Southern California. Last but not least, it is surrounded by various fast food chain restaurants, making it very convenient to take a break to eat and return.

Fairplex.com

San Gabriel MountainsDowntownPomona.com - Artwalk

Raging Waters

N. Gare

y Ave.

N. Gare

y Ave.E. Monterey Ave.

E. Monterey Ave.

W. Holt Ave.

W. Holt Ave.

Rent Comparables

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2

1

4



RENT COMPARABLES MAP

1

2

3Subject Properties

Monterey Station

Helix at University Village

777 Place

1

2

3

1 349 Units

180 East Monterey Avenue

Pomona, CA 91767

(909) 620-1155

Completed Date

December, 2014

Improvements Rating B+

Location Rating C

Occupancy 98.0%

Common Area Amenities - Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Monterey Station

Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt

Studio 34 9.74% 384 13,056 $1,493 $3.89

Studio 24 6.88% 401 9,624 $1,535 $3.83

Loft/Studio 19 5.44% 565 10,735 $1,616 $2.86

Live-Work 34 9.74% 641 21,794 $1,556 $2.43

Live-Work 4 1.15% 975 3,900 $1,991 $2.04

One Bedroom 60 17.19% 618 37,080 $1,495 $2.42

One Bedroom 12 3.44% 641 7,692 $1,586 $2.47

One Bedroom 92 26.36% 648 59,616 $1,658 $2.56

Two Bedroom/One Bath 4 1.15% 831 3,324 $1,935 $2.33



Two Bedroom/One Bath 1 0.29% 944 944 $1,889 $2.00


Two Bedroom/Two Bath 3 0.86% 956 2,868 $1,842 $1.93



Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13

Total/Average 349 100% 662 231,067 $1,656 $2.50

Page 4 of 4

Source: Occupancy data derived from USPS records

MONTEREY STATION 349 Units 180 East Monterey Avenue Pomona, CA 91767 (909) 620-1155

Completed Date December, 2014

Improvements Rating: B+Occupancy: 98.0%

349 Units

180 East Monterey Avenue

Pomona, CA 91767

(909) 620-1155

Completed Date

December, 2014

Improvements Rating B+

Location Rating C

Occupancy 98.0%

Common Area Amenities - Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Monterey Station


Studio 34 9.74% 384 13,056 $1,493 $3.89

Studio 24 6.88% 401 9,624 $1,535 $3.83

Loft/Studio 19 5.44% 565 10,735 $1,616 $2.86

Live-Work 34 9.74% 641 21,794 $1,556 $2.43

Live-Work 4 1.15% 975 3,900 $1,991 $2.04

One Bedroom 60 17.19% 618 37,080 $1,495 $2.42

One Bedroom 12 3.44% 641 7,692 $1,586 $2.47

One Bedroom 92 26.36% 648 59,616 $1,658 $2.56




Two Bedroom/One Bath 1 0.29% 944 944 $1,889 $2.00





Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13

Total/Average 349 100% 662 231,067 $1,656 $2.50

Page 4 of 4


Common Area Amenities: Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone

Parking: Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade Level

Functional Characteristics:Private Balcony/Patio, Construction Type - Frame

Apartment Interior Amenities: Internet Access, Above Standard Ceiling Height, Microwave Ovens

25


2100 Units

510 East 3rd Street

Pomona, CA 91766

(909) 865-1810

Completed Date

March, 2006

Improvements Rating C+

Location Rating C

Common Area Amenities - Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand AloneParking - Total Parking - 150 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio Top Floor Units Only, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens



Studio 24 24.00% 336 8,064 $1,249 $3.72

One Bedroom 24 24.00% 588 14,112 $1,395 $2.37


Total/Average 100 100% 656 65,596 $1,562 $2.38

Page 3 of 4


HELIX AT UNIVERSITY VILLAGE 100 Units 510 East 3rd StreetPomona, CA 91766 (909) 865-1810

Completed Date March, 2006

Improvements Rating: C+

Common Area Amenities: Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand Alone

Parking: Total Parking - 150 Spaces, Parking Type - Grade Level

Functional Characteristics:Private Balcony/Patio Top Floor Units Only, Construction Type - Frame

Apartment Interior Amenities: Internet Access, Above Standard Ceiling Height, Microwave Ovens

100 Units

510 East 3rd Street

Pomona, CA 91766

(909) 865-1810

Completed Date

March, 2006

Improvements Rating C+

Location Rating C

Common Area Amenities - Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand AloneParking - Total Parking - 150 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio Top Floor Units Only, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens



Studio 24 24.00% 336 8,064 $1,249 $3.72

One Bedroom 24 24.00% 588 14,112 $1,395 $2.37


Total/Average 100 100% 656 65,596 $1,562 $2.38

Page 3 of 4



3472 Units

777 East 3rd Street

Pomona, CA 91766

(909) 620-7275

Completed Date

January, 1986

Phase II June, 1986

Improvements Rating B-

Location Rating C

Occupancy 88.8%

Prior Names

Metropolitan at University Village, ThePlaza, The/Park

Common Area Amenities - Controlled Access, Nine Laundry Facilities, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas, Rental Office - Stand AloneParking - Total Parking - 345 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Normal Standard Ceiling Height, Microwave Ovens

777 Place


One Bedroom 35 7.42% 450 15,750 $1,367 $3.04

One Bedroom 5 1.06% 525 2,625 $1,392 $2.65

One Bedroom 90 19.07% 567 51,030 $1,493 $2.63

One Bedroom 10 2.12% 630 6,300 $1,519 $2.41

One Bedroom 132 27.97% 483 63,756 $1,458 $3.02

Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100 $1,792 $2.16

Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10



Total/Average 472 100% 644 303,801 $1,613 $2.51

Page 1 of 4


777 PLACE 472 Units 777 East 3rd Street Pomona, CA 91766 (909) 620-7275

Completed Date January, 1986

Phase II June, 1986

Prior NamesMetropolitan at University Village, The Plaza, The/Park

Improvements Rating: B- Occupancy: 88.8%

472 Units

777 East 3rd Street

Pomona, CA 91766

(909) 620-7275

Completed Date

January, 1986

Phase II June, 1986

Improvements Rating B-

Location Rating C

Occupancy 88.8%

Prior Names

Metropolitan at University Village, ThePlaza, The/Park

Common Area Amenities - Controlled Access, Nine Laundry Facilities, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas, Rental Office - Stand AloneParking - Total Parking - 345 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Normal Standard Ceiling Height, Microwave Ovens

777 Place


One Bedroom 35 7.42% 450 15,750 $1,367 $3.04

One Bedroom 5 1.06% 525 2,625 $1,392 $2.65

One Bedroom 90 19.07% 567 51,030 $1,493 $2.63

One Bedroom 10 2.12% 630 6,300 $1,519 $2.41

One Bedroom 132 27.97% 483 63,756 $1,458 $3.02

Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100 $1,792 $2.16

Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10



Total/Average 472 100% 644 303,801 $1,613 $2.51

Page 1 of 4


Common Area Amenities - Controlled Ac-cess, Nine Laundry Facilities,Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas,Rental Office - Stand Alone

Parking - Total Parking - 345 Spaces, Parking Type - Grade Level

Functional Characteristics - Private Balcony/Patio, Construction Type - Frame

Apartment Interior Amenities - Internet Access, Normal StandardCeiling Height, Microwave Ovens


Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, properties and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the properties described in this Memorandum (the “Properties”), and may be the successful bidder for the Properties. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Properties. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Properties, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Properties (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Properties, kindly return it to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Properties and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Properties. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Properties. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Properties may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Properties’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Properties, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2020 CBRE, Inc. All Rights Reserved.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the properties of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

© 2020 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the properties. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the properties to determine to your satisfaction the suitability of the properties for your needs.

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LAURIE LUSTIG-BOWERExecutive Vice President+1 310 550 [email protected]. 00979360

KAMRAN PAYDAR Vice President +1 310 550 [email protected]. 012425920

KYLE BARRATT Vice President+1 818 907 [email protected]. 01900653


F O R S A LE Potential for Up to ±3.41 Acres

Transit Oriented Development

Neighborhood

Redevelopment Opportunity Urban Core - Pomona, CA

Available as a Portfolio or Individually

CHALVIS R. EVANSManaging Director+1 818 907 [email protected]. 01318400

Documents

New Redevelopment Opportunity Transit Oriented Potential for … · 2020. 5. 18. · KAMRAN PAYDAR . Vice President +1 310 550 2529 [email protected]. Lic. 012425920 KYLE BARRATT