1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
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$ 1,675,000
Est. payment | /mo

2 Beds

1 Bath

1,455 SqFt


Save
$ 1,675,000
Est. payment | /mo
Save

2 Beds

1 Bath

1,455 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,455 sqft

Price per Sqft $1,151

MLS Listing ID CV26119618

Bedrooms 2

Full Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 2.024 Acres

Property Sub-Type Single Family Residence

Property Description

Welcome to 1390 Prospect Drive, an 88,182 Square foot parcel! (2.2 Acres) featuring a fully renovated single family home and studio guest house with a view and pool currently generating $5,000 per month in rental income. Most buyers evaluate this property with the in-place income. The property offers significant development potential to build up to 20 units with plenty of parking. However, to simplify requirements per the city it would be more economical to streamline and build 10-15 units at approximately 750 Square Ft or less. The potential of building 10- 15 additional 2 bd, 1 1/2 bath units would potentially create an opportunity for returns exceeding a 20% CAP Rate! You can collect rents while you work on your development plans.
$100,000 plus in recent capital improvements, new interior, exterior paint, cabinets, electrical, plumbing and windows. Buyers to verify all development possibilities and aspects with the City of Pomona.

Location

State CA

County Los Angeles

Area 687 - Pomona

Rooms

Main Level Bedrooms 2

Interior

Interior Features Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, All Bedrooms Down, Attic, Main Level Primary

Heating Central

Cooling Central Air, Gas, Wall/Window Unit(s), Attic Fan

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Inside

Exterior

Parking Features Boat, Driveway, RV Potential

Fence Chain Link, Wood

Pool In Ground, Private

Community Features Biking, Foothills, Hiking, Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

View Y/N Yes

View City Lights, Hills, Mountain(s), Neighborhood, Valley

Roof Type Composition

Porch Front Porch

Private Pool Yes

Building

Lot Description 0-1 Unit/Acre, Front Yard, Value In Land, Yard

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

School District Pomona Unified

Others

Senior Community No

Tax ID 8343018022

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Submit

Listing Terms Cash, Cash to New Loan, Conventional, FHA, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Albert Rodriguez CENTURY 21 CITRUS REALTY INC 626-255-4854, DRE #01250095
Joshua Tolar
Joshua Tolar

Homeowner Advisor | Realtor | License ID: 02000924

+1(909) 525-2770 | josh@pivothomes.com

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1390 Prospect