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516 Lincoln Ave, Pomona, CA 91767
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516 Lincoln Ave Pomona, CA 91767

$452,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$452,000 Get Pre-Qualified
Map preview of 516 Lincoln Ave, Pomona, CA 91767

Property Overview: 516 Lincoln Ave Pomona, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,647 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: What a great opportunity to own a piece of land in LA County with various options, thanks to this mixed-use lot located in an Opportunity Zone! This fantastic development opportunity is perfect for first-time builders and experienced developers. Zoned under the Pomona Downtown Specific Plan, this lot is ideal for Mixed-Use, Attached Residential, or Commercial projects. You can build up to multiple stories with a Mixed-Use, High-Density Residential Standard: 80 du/ac maximum, with an additional density bonus of up to 80% for affordable housing. This makes it perfect for affordable university student housing apartments or similar options. Alternatively, build 4 units to keep it within residential financing guidelines. The possibilities on this lot are endless. Utilities are readily available on the street, and it’s close to several colleges, including Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, and the 5 Claremont Colleges. The property has minimal setbacks (0 feet) and is just 1,000 feet from the Pomona Regional Transit Center. Starting January 1, 2023, California exempts developers from building parking spaces/structures for buildings within a half-mile of a major transit center, and this property qualifies for that exemption. It’s just 2 blocks from the main Pomona corridor, Holt Ave, and within walking distance to grocery markets, theaters, and restaurants. Plus, it’s conveniently located near the 60, 10, 57, and 71 freeways. Investors can benefit from significant tax incentives by investing in this Opportunity Zone property, making it a financially and strategically advantageous choice. Don’t miss out on this incredible opportunity to develop in a prime location with so many possibilities!

Listed by Erick Guzman | BRE #01909877 | RE/MAX TOP PRODUCERS
Last checked: 10 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 90

Home details

Lot Sq. Ft
8,647
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
CV24104225
City
Pomona
County
Los Angeles
Time on Site
122 days

Open Houses for 516 Lincoln Ave

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Property Details for 516 Lincoln Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Parcel Number: 8336024023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available
Location / Neighborhood
Location Information
  • Directions: East of white / South of Holt
Neighborhood Information
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Pomona Agent

Sale History for 516 Lincoln Ave

Last sold for $270,000 on September 2nd, 2022

  • May, 2024

  • May 28, 2024

    Date

    Active

    CRMLS: CV24104225

    $452,000

    Price

  • February, 2024

  • Feb 29, 2024

    Date

    Expired

    CRMLS: SR23164821

    $419,900

    Price

  • Sep 2, 2023

    Date

    Active

    CRMLS: SR23164821

    $448,000

    Price

  • Listing provided courtesy of CRMLS

    Great development opportunity in Los Angeles County for builders and developers. This prime location is zoned under the Pomona Downtown Specific Plan for Mixed-Use, Attached Residential, or Commercial. It allows for a 6-story structure with a Mixed-Use, High-Density Residential Standard: 80 du/ac Maximum; Density Bonus up to 80% for Affordable Housing. Perfect for Affordable University Student Housing Apartment. Utilities are on the street. Colleges nearby: Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, the 5 Claremont Colleges. Minimum Setbacks (0 feet). Pomona Regional Transit Center 1,000 feet from property. As of January 1, 2023, California will exempt developers from building parking spaces/structures for buildings within a half-mile of a major transit center. This property qualifies for that exemption. 2 blocks from main Pomona corridor, Holt Ave. Walking distance to grocery markets, theaters, and restaurants. Property is close to 60, 10, 57, and 71 Freeways.

  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: SR23043123

    $449,000

    Price

  • Mar 17, 2023

    Date

    Active

    CRMLS: SR23043123

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    Great development opportunity in Los Angeles County for builders and developers. This prime location is zoned under the Pomona Downtown Specific Plan for Mixed-Use, Attached Residential, or Commercial. It allows for a 6-story structure with a Mixed-Use, High-Density Residential Standard: 80 du/ac Maximum; Density Bonus up to 80% for Affordable Housing. Perfect for Affordable University Student Housing Apartment. Utilities are on the street. Colleges nearby: Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, the 5 Claremont Colleges. Minimum Setbacks (0 feet). Pomona Regional Transit Center 1,000 feet from property. As of January 1, 2023, California will exempt developers from building parking spaces/structures for buildings within a half-mile of a major transit center. This property qualifies for that exemption. 2 blocks from main Pomona corridor, Holt Ave. Walking distance to grocery markets, theaters, and restaurants. Property is close to 60, 10, 57, and 71 Freeways. Compass will pay commission of 5% for any accepted offer. Contact Andy Kramer; all offers will be considered.

  • March, 2023

  • Mar 16, 2023

    Date

    Expired

    CRMLS: SR22201063

    $544,000

    Price

  • Sep 13, 2022

    Date

    Active

    CRMLS: SR22201063

    $545,000

    Price

  • Listing provided courtesy of CRMLS

    Zoned under the Pomona Downtown Specific Plan. Zoned for Mixed-Use, Attached Residential, or Commercial, 6 stories allowed; Mixed Use-High Density Residential Standard: 80 du/ac Maximum; Density Bonus up to 80% for Affordable Housing. Perfect for Affordable University Student Housing Apartment. Colleges nearby: Cal Poly Pomona, Western University of Health Sciences, Mt. SAC, the 5 Claremont Colleges. Minimum Setbacks (0 feet). Pomona Regional Transit Center 300 meters from property. As of January 1, 2023, California will exempt 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.

  • September, 2022

  • Sep 2, 2022

    Date

    Sold

    CRMLS: CV22021162

    $270,000

    Price

  • Feb 2, 2022

    Date

    Active

    CRMLS: CV22021162

    $275,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTOR'S AND BUILDER'S DREAM! BUILDABLE LOT IN POMONA. PLANS ARE AVAILABLE AND INCLUDED WITH THE SALE. PLANS ARE FOR MIXED-USE AND SUBJECT PROPERTY IS CLOSE TO POMONA VALLEY HOSPITAL. PROPERTY IS ZONED POCIND. THIS PROPERTY IS PRICED TO SELL!

  • November, 2020

  • Nov 28, 2020

    Date

    Expired

    CRMLS: OC20025386

    $150,000

    Price

  • Nov 2, 2020

    Date

    Withdrawn

    CRMLS: OC20025386

    $150,000

    Price

  • Oct 28, 2020

    Date

    Hold

    CRMLS: OC20025386

    $150,000

    Price

  • Oct 20, 2020

    Date

    Active

    CRMLS: OC20025386

    $150,000

    Price

  • Oct 12, 2020

    Date

    Hold

    CRMLS: OC20025386

    $150,000

    Price

  • Feb 4, 2020

    Date

    Active

    CRMLS: OC20025386

    $150,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTOR'S AND BUILDER'S DREAM!! MIX-USE BUILDABLE LOT IN POMONA.

  • April, 2000

  • Apr 17, 2000

    Date

    Sold (Public Records)

    Public Records

    $70,000

    Price

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Tax History for 516 Lincoln Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $98,367 -- --

Home Value Compared to the Market

This property vs the competition

516 Lincoln Ave is listed 33.33% lower than the median list price for the city of Pomona which has a median list price of $678,000.

About 516 Lincoln Ave

Detailed summary of property

516 Lincoln Ave is a land located in Pomona, CA 91767 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,647 square foot lot. 516 Lincoln Ave was first listed on ArdentRealEstateGroup.com on May 29, 2024. The homeowner is currently asking $452,000. The median priced home in Pomona is $678,000 with a median price per square foot of $456. Based on Ardent Real Estate Group's Pomona Market Data, this home is listed 33.33% lower than the median priced home. Local competing homes currently for sale include 16245 Canon Ln, 0 Mountain View and 0 Ridge Line Rd. While the average home in Pomona, CA is selling in 53 days, 516 Lincoln Ave has a days on market of 90 days. There are currently 223 homes for sale in the Pomona real estate market and 149 of them are single family homes while 33 of them are condos and 41 are townhomes. For more information on this home for sale at 516 Lincoln Ave Pomona, CA 91767 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 516 Lincoln Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
8,634
Stories
--
Type
Industrial-Vacant Land
Pool
No
Spa
No
County
Los Angeles
Lot#
36,38
APN
8336-024-023

The source for these homes facts are from public records.

91767 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$655,000
Median List Price/Sq.Ft.
$449
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$457
Total Inventory
76
Median Sale to List Price %
100.29%
Avg Days on Market
26
Loan Type
Conventional (33.33%), FHA (33.33%), VA (4.17%), Cash (25%), Other (4.17%)

Tour This Home

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Pomona Agent
Call, Text or Message
(714) 706-1823

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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.

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