Thank you
Paul Villarreal
First Team Real Estate
909-480-3030
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
Sell a home like this and save $152,501 Find Out How
Total Bedrooms : 6
Total Baths: 5
Full Baths: 2
Water Source : Public
Sewer : Public Sewer
Interior Features: All Bedrooms Down
Fireplace: None
Central Air
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1927
In Ground,Private
In Kitchen
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 2.96
Lot Size Source: Assessor
Lot Size Square Feet: 128937.6
Original List Price: 2,550,000
Listing Contract Date: 2023-09-11
Listing Agreement: Exclusive Right To Sell
Parcel Number: 8343018022
Lease Term: Negotiable
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
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
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 |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
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.