1390 Prospect Drive, Pomona

$2,550,000

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6 Beds
5 Baths
1,455 Sqft
2.96 Acres
1 Garage

Unprecedented Development Opportunity: 2.96 Acres with Multitude of Units. This is, an extraordinary development opportunity awaits the discerning investor and visionary developer. This exceptional listing comprises two expansive lots spanning a total of 2.96 acres for your next grand project. Whether you're an experienced developer or an enthusiast with a keen eye for potential, this unique opportunity awaits.

Prime Zoning and Potential: According to the City of Pomona, the property has a R1600 zoning designation, further enhanced by a state overlay SB330. These favorable zoning regulations pave the way for a potential construction of up to 25 units on APN 8343-018-022 and an additional 18 units on APN 8343-018-008. A remarkable total of 43 units can be envisioned on these combined lots. Buyers are encouraged to independently verify this information with the City of Pomona to ensure alignment with their development aspirations.

Primary Lot: The primary lot features a single-family residence, encompassing 1,455 sq. ft. of living space. This home offers 2 bedrooms and 1 bath, providing a comfortable living environment. Additionally, a converted garage now serves as a versatile Studio Apartment with a shower.

Secondary Lot: The secondary lot presents three distinct units. The main house at 1406 Prospect Avenue has an est. 750 sq. ft & includes 2 bedrooms and 1 bath. Adjacent to this, a separate 2 bedroom, 1 bath apartment and completing this trio of units, a Studio apartment with its own kitchen and shower, offering functionality and privacy. Each of these units is equipped with its own meters, utilities, and individual addresses, ensuring convenience and autonomy.

Views and Accessibility: One of the standout features of this property is the view from the front, which adds a touch of serenity and natural beauty to your future development. Moreover, the dual access points to both the front and rear sides of the lots, as seen in the provided pictures and drone video, enhance the accessibility and versatility of this remarkable property.

Don't miss this unparalleled opportunity to shape the future of this expansive canvas in Pomona. Embrace the potential, envision the possibilities, and embark on your next extraordinary development venture today. The city's commitment to progress awaits your creative vision. Contact us for further details and seize this remarkable opportunity

Essential Information

MLS® #
CV23169766
Price
$2,550,000
Bedrooms
6
Bathrooms
5.00
Full Baths
2
Square Footage
1,455
Acres
2.96
Year Built
1927
Type
Residential
Sub-Type
Single Family Residence
Status
Active

Community Information

Address
1390 Prospect Drive
Area
687 - Pomona
City
Pomona
County
Los Angeles
Zip Code
91766
Community Features
Curbs
Senior Community
N

Amenities

Parking Spaces
1
# of Garages
1
Has Pool
Yes
Pool
In Ground, Private

View

City Lights, Mountain(s), Neighborhood

Interior

Interior Features
All Bedrooms Down
Cooling
Central Air
Fireplaces
None
# of Stories
1
Stories
One

Exterior

Lot Description
2-5 Units/Acre

School Information

District
Pomona Unified

Additional Information

Date Listed
September 11th, 2023
Days on Market
245

Listing Details

Agent
Paul Villarreal
Office
First Team Real Estate
Property History
Price Reduced from $2,700,000 to $2,550,000
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

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Based on information from California Regional Multiple Listing Service, Inc. as of May 12th, 2024 at 11:55pm PDT. 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.