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+19094654693
Top Producers Realty Partners
1390 Prospect, Pomona, CA 91766
- $1,675,000
- 2
- BD
- 1
- BA
- 1,455
- SqFt
- List Price
- $1,675,000
- Status
- ACTIVE
- MLS#
- CV26119618
- Year Built
- 1927
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 1,455
- Lot Size
- 88,182
- Acres
- 2.02
- Lot Location
- 0-1 Unit/Acre, Front Yard, Value In Land, Yard
- Days on Market
- 123
- Property Type
- Single Family Residential
- Style
- Traditional
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
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 interior, exterior paint, cabinets, electrical, plumbing and windows.
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool
- Yes
- Pool Description
- In Ground, Private
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Gas, Wall/Window Unit(s), Attic Fan
- View
- City Lights, Hills, Mountain(s), Neighborhood, Valley
- Exterior Construction
- Stucco
- Patio
- Front Porch
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Pomona Unified
- Interior Features
- Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, All Bedrooms Down, Attic, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Albert Rodriguez (albert@c21citrus.com) from Listing Office: CENTURY 21 CITRUS REALTY INC.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.