506 W Orange Grove Ave, Pomona, CA 91768
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506 W Orange Grove Ave Pomona, CA 91768

$2,850,000
  • -- Beds
  • -- Baths
  • 2,817 Sq.Ft.
For Sale
$2,850,000 Get Pre-Qualified

Map preview of 506 W Orange Grove Ave, Pomona, CA 91768

Property Overview: 506 W Orange Grove Ave Pomona, CA has -- bedrooms, -- bathrooms, 2,817 living square feet and 18,080 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present Pomona Express Car Wash, an excellent investment opportunity located at 506 W Orange Grove Avenue in Pomona, CA. This business can be sold with or without the property, offering flexibility for buyers. Situated on an 18,080 SF lot, the site includes a 2,817 SF building on a prominent, high-traffic corner in the Eastern San Gabriel Valley Submarket, Los Angeles County. The Pomona Express Car Wash is ideally situated at the busy intersection of White Avenue and West Orange Grove Avenue, just off the 10 Freeway. This prime location could see up to 300 cars daily, supported by the intersections 15,000 daily vehicles and 266,326 daily vehicles on the I-10. The car wash benefits from a dense local population, with 170,954 residents within three miles and 365,085 within five miles. Almost all nearby households own multiple vehicles, boosting potential repeat business and excessive value for a Monthly Membership Express Car Wash. The car wash features multiple access points, wide driveways, and a layout that ensures smooth traffic flow, enhancing customer experience. The property was built in 2012 and masterfully renovated in 2024 with Sonny's state of the art equipment. The property includes 11 surface parking spaces with a parking ratio of 3.90 per 1,000 SF, designed to support a high volume of customers and efficient vehicle circulation. The neighborhood is highly accessible, with public transit nearby and a walkable environment, boasting a Walk Score of 68. The property is also in proximity to several local parks, including Ganesha Park, Hamilton Park, and Weber Street Park, further enhancing its appeal. Additionally, the location is close to the Downtown Pomona Metrolink Station, making it an even more attractive commercial site.

Listed by Jordan Petito | BRE #02023714 | Keller Williams Beverly Hills
Co-listed by Ariel Sayani | BRE #02072610 | Keller Williams Beverly Hills
Last checked: 3 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
18,080
HOA Dues
$0/mo
Year built
2012
Garage
--
Property Type:
Other
Status
Active
MLS#
24439461
City
Pomona
County
Los Angeles
Time on Site
23 hours
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 506 W Orange Grove Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • Parcel Number: 8340006036
Location / Neighborhood
Location Information
  • Directions: Located a few blocks west of the intersection of West Orange Grove Avenue and North White Avenue. It's situated just north of Holt Avenue and east of Garey Avenue, in a primarily residential area with nearby access to Pomona High School and Pomona Valley Hospital Medical Center.
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Sale History for 506 W Orange Grove Ave

Last sold for $1,850,000 on February 28th, 2020
  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: 24439461

    $2,850,000

    Price

  • February, 2020

  • Feb 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,850,000

    Price

  • April, 2018

  • Apr 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,250,000

    Price

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Tax History for 506 W Orange Grove Ave

Assessed Value (2020): $2,340,900
Year Land Value Improved Value Assessed Value
2020 $1,248,480 $1,092,420 $2,340,900

Home Value Compared to the Market

This property vs the competition

506 W Orange Grove Ave is listed 322.22% higher than the median list price for the city of Pomona which has a median list price of $675,000. The median price per/sqft for Pomona is $458 and this home is listed at $1011.71 per/sqft which puts the price per square foot 120.9% higher than the median price per square foot for the city of Pomona.

About 506 W Orange Grove Ave

Detailed summary of property

506 W Orange Grove Ave is a other located in Pomona, CA 91768 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 2,817 living square feet, and sits on an approximately 18,080 square foot lot. 506 W Orange Grove Ave was first listed on ArdentRealEstateGroup.com on September 18, 2024. The homeowner is currently asking $2,850,000. The median priced home in Pomona is $675,000 with a median price per square foot of $458. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 322.22% higher than the median priced home. Local competing homes currently for sale include 284-288 Vinedo Ave, 13832 West St and 8460 Telegraph Rd. While the average home in Pomona, CA is selling in 51 days, 506 W Orange Grove Ave has a days on market of 6 days. There are currently 221 homes for sale in the Pomona real estate market and 152 of them are single family homes while 32 of them are condos and 37 are townhomes. For more information on this home for sale at 506 W Orange Grove Ave Pomona, CA 91768 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 506 W Orange Grove Ave

Public county record property details
Beds
--
Baths
--
Year built
2012
Sq. Ft.
2,713
Lot Size
18,083
Stories
1
Type
Car Wash
Pool
No
Spa
No
County
Los Angeles
Lot#
1-3
APN
8340-006-036

The source for these homes facts are from public records.

91768 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$704,952
Median List Price/Sq.Ft.
$452
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$453
Total Inventory
55
Median Sale to List Price %
102.33%
Avg Days on Market
18
Loan Type
Conventional (41.67%), FHA (16.67%), VA (16.67%), Cash (8.33%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.