Share this with your friends
+13104253779
Keller Williams
1390 Prospect, Pomona, CA 91766
- $1,675,000
- List Price
- $1,675,000
- Status
- ACTIVE
- Days on Market
- 28
- MLS#
- CV26204528
- Subtype
- Residential Income
- Style
- Traditional
- Year Built
- 1927
- Lot Size
- 88,182
- Acres
- 2.02
- MLS Area Major
- Pomona (687)
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. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.
/u.realgeeks.media/highdesertrealtyteam/eXp_Realty_-_Black-01.png)
Additional Information
- Interior Features
- All Bedrooms Down, Attic, Main Level Primary
- Property Description
- Traditional
- Flooring
- Wood
- Appliances
- Gas Oven, Gas Range
- Heating
- Central
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- One Level
- Levels
- One
- Roof
- Composition
- Pool
- Yes
- Pool Type
- In Ground, Private
- Parking Features
- Boat, Driveway, RV Potential
- View
- City Lights, Hills, Mountain(s), Neighborhood, Valley
Mortgage Calculator
Listing courtesy of Listing Agent: Albert Rodriguez (albert@c21citrus.com) from Listing Office: CENTURY 21 CITRUS REALTY INC.
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.