1390 Prospect Drive

Pomona, CA 91766

PRICE REDUCED

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-$150,000 (-5.56%)

$2,550,000

List Price

6

bed Beds

5

shower Baths

1,455 sqft

straighten / sqft

1927

calendar_month Built

Property Description

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

Listing Information

List Price $2,550,000
Status Active
MLS CV23169766
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1927
Lot Size 128,938
Structure Size 1,455
DOM 337
Courtesy Of First Team Real Estate
Listing Agent Paul Villarreal DRE#01179340

Interior Features

Laundry Information
Location(s) In Kitchen
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 5
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Paul Villarreal, First Team Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 17th, 2024 at 7:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.