N/A
Bedrooms
$1,675,000
FOR SALEPomona, CA
MLS# CV26204528
Albert Rodriguez
Listing Agent
CENTURY 21 CITRUS REALTY INC
DRE #: 01250095
(626) 255-4854Brokerage: CENTURY 21 CITRUS REALTY INC
N/A
Bedrooms
N/A
Bathrooms
N/A
Square Feet
1927
Year Built
2.02 acres
Lot Size
N/A
Price/Sq Ft
0
Garage Spaces
N/A
HOA
Single Family Home
Property Type
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. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.
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Closed sales reported in 91766, nearest first, last 12 months. All recent sales in Pomona →
1390 Prospect
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