• 1390 Prospect Drive Pomona, CA 91766

  • $2,550,000
  • 6
    Bed(s)
  • 2
    Baths
  • 1,455
    Sq Ft
  • 128937.6
    Sqft
  • Listed By: Paul Villarreal, First Team Real Estate, DRE #01179340
  • Source: CRMLS

Unprecedented Development Opportunity: 2.96 Acres with Multitude of Units. This is, an extraordinary development opportunity awaits the discerning investor and visionary developer. This exceptional listing comprises two expansive lots spanning a total of 2.96 acres for your next grand project. Whether you're an experienced developer or an enthusiast with a keen eye for potential, this unique opportunity awaits. Prime Zoning and Potential: According to the City of Pomona, the property has a R1600 zoning designation, further enhanced by a state overlay SB330. These favorable zoning regulations pave the way for a potential construction of up to 25 units on APN 8343-018-022 and an additional 18 units on APN 8343-018-008. A remarkable total of 43 units can be envisioned on these combined lots. Buyers are encouraged to independently verify this information with the City of Pomona to ensure alignment with their development aspirations. Primary Lot: The primary lot features a single-family residence, encompassing 1,455 sq. ft. of living space. This home offers 2 bedrooms and 1 bath, providing a comfortable living environment. Additionally, a converted garage now serves as a versatile Studio Apartment with a shower. Secondary Lot: The secondary lot presents three distinct units. The main house at 1406 Prospect Avenue has an est. 750 sq. ft & includes 2 bedrooms and 1 bath. Adjacent to this, a separate 2 bedroom, 1 bath apartment and completing this trio of units, a Studio apartment with its own kitchen and shower, offering functionality and privacy. Each of these units is equipped with its own meters, utilities, and individual addresses, ensuring convenience and autonomy. Views and Accessibility: One of the standout features of this property is the view from the front, which adds a touch of serenity and natural beauty to your future development. Moreover, the dual access points to both the front and rear sides of the lots, as seen in the provided pictures and drone video, enhance the accessibility and versatility of this remarkable property. Don't miss this unparalleled opportunity to shape the future of this expansive canvas in Pomona. Embrace the potential, envision the possibilities, and embark on your next extraordinary development venture today. The city's commitment to progress awaits your creative vision. Contact us for further details and seize this remarkable opportunity

Property Type :

Residential

County :

Los Angeles

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 6

Bathroom Information

Total Baths: 5

Full Baths: 2

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Interior Features: All Bedrooms Down

Fireplace: None

Cooling Features

Central Air

Air Conditioning

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1927

Pool Features

In Ground,Private

Laundry Features

In Kitchen

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 2.96

Lot Size Source: Assessor

Lot Size Square Feet: 128937.6

Listing Price Information

Original List Price: 2,550,000

Listing Contract Date: 2023-09-11

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8343018022

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 687 - Pomona

Postal Code Plus 4: 4217

Directions: 71 fwy ext Mission go East, make a right on Dudley then turn left on Phillips, then Rt on Prospect

Source Property Type: Residential

Area: 687 - Pomona

Property SubType: Single Family Residence

Building and Construction

Property Age: 97

Common Walls: No Common Walls

Structure Type: Single Family Residence

Year Built Source: Assessor

Total Square Feet Living: 1455

Entry Level: 1

Entry Location: Main floor

Levels or Stories: One

Building Total Stories: 1

Structure Type: House

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1367 S Towne Avenue, Pomona, CA,91766 $3,098,000 -- -- -- 73801 Sqft
740 S Eleanor Street, Pomona, CA,91766 $749,999 4 3 1,660 6426 Sqft
101 W Mission Blvd #307, Pomona, CA,91766 $385,000 1 1 931 --
101 W Mission Boulevard.., Pomona, CA,91766 $445,000 1 1 1,054 --
3889 9th, Pomona, CA,91766 $140,000 -- -- -- 2700 Sqft
1151 W Mission Boulevard, Pomona, CA,91766 $469,000 1 1 576 5924 Sqft
1586 Meserve Street, Pomona, CA,91766 $819,000 4 3 1,730 5919 Sqft
2325 Angela Street, Pomona, CA,91766 $1,748,000 3 2 4,339 7160 Sqft
1379 S Gibbs Street #3, Pomona, CA,91766 $1,500,000 7 4 3,360 19858 Sqft
1284 Prospect Drive, Pomona, CA,91766 $875,000 3 2 2,478 13476 Sqft

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ByOwner last updated this listing 05/09/2024 @ 23:16

MLS: CV23169766
LISTED BY: Paul Villarreal, First Team Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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