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1406 Prospect

Pomona, CA 91766
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Bed 5

Bed

Bath 3

Bath

SqFt40,939

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,475,000

AD Id : 83739178

MLS Id : CV26119739

Beds : 5

Lot Size : 40,939 Sqft

Year Built : 1926

Garage : 1

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Composition
    Laundry Features: CommonArea, Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, WallWindowUnits

  • Building Information

    Year Built: 1926
    Building Area Total: 2040
    Construction Materials: Frame, Stucco
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 40939 Lot Size Acres: 0.9398 Lot Size Source: Assessor Lot Size Square Feet: 40,939 Lot Description: FrontYard,GentleSloping

  • Listing Price Information

    Listing Price: $1475000
    Cash, CashToNewLoan, Submit

  • Tax Information

    Parcel Number: 8343018008 Tax Lot: 5 Tax Block: 10

  • Parking Information

    Parking Total: 14 Assigned, Boat, Concrete, Driveway, OnSite, Oversized, Deck, RvPotential, WorkshopInGarage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Utility Information

    CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected
  • Location Information

    Direction: East of the 71 Freeway. Cross street is Phillips Blvd. WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1330 S Reservoir Street, Pomona, CA, 91766 $949,000 4 4 1,870 1,870 SqFt
1439 S Palomares, Pomona, CA, 91766 $4,300,000 4 4 11,550 11,550 SqFt
1379 S Gibbs Street #3, Pomona, CA, 91766 $1,499,000 7 4 3,360 3,360 SqFt
1449 S Park Avenue, Pomona, CA, 91766 $1,199,999 7 4 2,988 2,988 SqFt
1060 S Rebecca, Pomona, CA, 91766 $888,800 5 2 1,384 1,384 SqFt
1060 S Rebecca, Pomona, CA, 91766 $888,800 5 2 --
1011 W 8th, Pomona, CA, 91766 $950,000 8 4 3,500 3,500 SqFt

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 @ 21:37

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

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