Active

1406 Prospect

Pomona, CA 91766

$1,475,000 $6,218/Mo

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Overview

Bed

Bath

2,040

Sqft

40,939

Sqft(Lot)

Description

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 i s 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.

Property Details

Property Type : Residential Income

Price : $1,475,000

AD Id : 83739178

MLS Id : CV26119739

Beds : 5

Lot Size : 40,939 Sqft

Living Area Size : 2,040

Year Built : 1926

Garage : 1

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition Flooring: Wood
Cooling Features

Central Air,Wall/Window Unit(s) Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 1926 Building Area Total: 2,040 Construction: Frame,Stucco Roof: Composition
Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Pool Features

None

Laundry Features

Common Area,Inside

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.9398
Lot Size Source: Assessor Lot Size Square Feet: 40939

Listing Price Information

Original List Price: 1,475,000 Listing Contract Date: 2026-06-11
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8343018008

Garage and Parking

Garage Description: Assigned,Boat,Concrete,Driveway,On Site,Oversized,Deck,RV Potential,Workshop in Garage

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: All Utilities

Other Property Info

Source Listing Status: Active Source Neighborhood: 687 - Pomona Directions: East of the 71 Freeway. Cross street is Phillips Blvd. Source Property Type: Residential Income Area: 687 - Pomona Property SubType: Triplex
Building and Construction

Property Age: 100 Common Walls: 1 Common Wall Property Condition: Updated/Remodeled,Turnkey Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1330 S Reservoir Street, Pomona, CA, 91766	$975,000	4	4	1,870	1,870 SqFt
1379 S Gibbs Street #3, Pomona, CA, 91766	$1,499,000	7	4	3,360	3,360 SqFt
160 E Franklin, Pomona, CA, 91766	$899,000	2	1	1,276	1,276 SqFt
1449 S Park Avenue, Pomona, CA, 91766	$1,199,999	7	4	2,988	2,988 SqFt
1011 W 8th, Pomona, CA, 91766	$950,000	8	4	3,500	3,500 SqFt
1163 W 3rd Street, Pomona, CA, 91766	$909,900	5	2.5	1,876	1,876 SqFt
1163 W 3rd Street, Pomona, CA, 91766	$909,900	5	1	1,876	1,876 SqFt
1440 W Grand, Pomona, CA, 91766	$1,275,000	8	4	3,000	3,000 SqFt

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ByOwner last updated this listing 06/15/2026 @ 15:23

MLS: CV26119739 LISTED BY: Albert Rodriguez, CENTURY 21 CITRUS REALTY INC 909-592-8500 SOURCE: CRMLS