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1390 Prospect

Pomona, CA 91766
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$1,675,000 $7,061/Mo
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Bed 2

Bed

Bath 1

Bath

SqFt1,455

Sqft

SqFt88,182

Sqft(Lot)

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 in terior, exterior paint, cabinets, electrical, plumbing and windows.Welcome to 1402,1404 & 1406 Prospect Drive, a 40,939 Square foot parcel! Almost 1 acre!! This parcel features 3 houses on a lot which consist of a fully remodeled single-family home with 2 bds and 1 bath @$2,750mo: A 2bdrm 1 ba w/ 1 car garage @ $2,700 mo: And a 1 bd, 1 bath @ $1,800 mo. Three separate houses with a view! Currently generating at total $7,250 mo. 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 property has 3 additional concrete areas for parking. 1 area is a 5000SF+-, 2nd area is 4000SF+- and the 3rd area is 3000SF+-. 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 and entitlement plans. $200,000 plus in recent capital improvements, new interior, exterior paint, flooring, cabinets, electrical, plumbing and windows. Lot lines in photos are approximate. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.

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Detail Ic Property Details

Property Type : Residential

Price : $1,675,000

AD Id : 83739177

MLS Id : CV26119618

Beds : 2

Lot Size : 88,182 Sqft

Living Area Size : 1,455

Year Built : 1927

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Has Basement: 1

    Roofing Information

    Composition

    Flooring Information

    Wood

  • Interior Features

    Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, All Bedrooms Down, Attic, Main Level Primary
    Roof: Composition
    Appliances: Gas Oven, Gas Range
    Laundry Features: Inside

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air, Gas, Wall/Window Unit(s), Attic Fan

  • Building Information

    Year Built: 1927
    Construction Materials: Stucco
    Stories: 1
    Patio And Porch Features: Front Porch
    Pool Features: In Ground, Private
    Private Pool: Yes
    View: City Lights, Hills, Mountain(s), Neighborhood, Valley

  • Lot Information

    Main Square Feet: 88182 Lot Size Acres: 2.0244 Lot Size Source: Assessor Lot Size Square Feet: 88,182 Lot Description: 0-1 Unit/Acre,Front Yard,Value In Land,Yard

  • Listing Price Information

    Listing Price: $1675000
    Cash, Cash to New Loan, Conventional, FHA, Submit

  • Tax Information

    Parcel Number: 8343018022 Tax Lot: 5 Tax Block: 10

  • Utility Information

    Electricity Connected, Natural Gas Connected, Sewer Connected

  • Location Information

    Direction: East of the 71 Freeway. Cross Street is Phillips Blvd. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
11249 Wesley, Pomona, CA, 91766 $650,000 4 2 1,596 1,596 SqFt
1361 S Mountain View Av.., Pomona, CA, 91766 $799,000 5 3 2,110 2,110 SqFt
1472 S San Antonio Avenue, Pomona, CA, 91766 $630,000 2 1 1,088 1,088 SqFt
1536 Evans Avenue, Pomona, CA, 91766 $749,999 4 3 2,024 2,024 SqFt
1415 Madrid, Pomona, CA, 91766 $690,000 4 3 1,665 1,665 SqFt
2416 Stanford Avenue, Pomona, CA, 91766 $699,999 4 2 1,176 1,176 SqFt
604 E Mission, Pomona, CA, 91766 $499,500 4 1 2,197 2,197 SqFt
902 E Olive Street, Pomona, CA, 91766 $689,000 3 2 1,200 1,200 SqFt
760 Elm, Pomona, CA, 91766 $580,000 3 1 862 862 SqFt
101 W Mission Boulevard.., Pomona, CA, 91766 $409,990 1 2 1,189 1,189 SqFt

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/31/2026 @ 22:31

MLS: CV26119618 LISTED BY: Albert Rodriguez, CENTURY 21 CITRUS REALTY INC 909-592-8500 SOURCE: CRMLS

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