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$1,675,000

FOR SALE
Active

1390 Prospect

Pomona, CA

MLS# CV26204528

Single Family Home
49 days on marketNalren refreshed

Listing Agent

Albert Rodriguez

Listing Agent

CENTURY 21 CITRUS REALTY INC

DRE #: 01250095

(626) 255-4854

Brokerage: CENTURY 21 CITRUS REALTY INC

Property Details

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

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. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.

Facts & Features

Interior

Fireplace
No
Laundry Features
In-Unit Laundry
Appliances
Gas Oven, Gas Range
Flooring
Wood
Interior Features
All Bedrooms Down, Attic, Main Level Primary

Exterior

Private Pool
Yes
Roof
Composition
Fencing
Chain Link, Wood
Lot Features
0–1 Acre Lot, Front Yard, Value In Land, Yard

Building

Year Built
1927
Architectural Style
Traditional
Building Area Total
1,455
Levels
One
Property Condition
Updated Remodeled
Stories Total
1

Utilities

Heating
Central
Cooling
Attic Fan, Central Air, Gas, Wall Window Units
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Sewer
Public Sewer, Septic Type Unknown
Water Source
Public

Parking

Garage Spaces
0
Parking Features
Boat, Driveway, Rv Potential
Parking Total
0

Community / HOA

HOA
No
Association Fee
$0

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