Listing by: Paul Villarreal, First Team Real Estate, 951-295-2931

6 Beds

5 Baths

1,455 SqFt

Active

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

Property Details
Price $2,550,000
Bedrooms 6
Full Baths 2
Total Baths 5
Lot Size Area 2.96
Lot Size Area Units Acres
Acres 2.96
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Year Built 1927
View City Lights,Mountain(s),Neighborhood
Lot Description 2-5 Units/Acre
Laundry Features In Kitchen
Pool features Private,In Ground
Parking Spaces 1
Garage spaces 1
Association Fee 0
Geographic Data
Directions 71 fwy ext Mission go East, make a right on Dudley then turn left on Phillips, then Rt on Prospect
County Los Angeles
Latitude 34.044001
Longitude -117.769058
Market Area 687 - Pomona
Address Information
Address 1390 Prospect Drive, Pomona, CA 91766
Postal Code 91766
City Pomona
State CA
Country United States
Listing Information
Listing Office First Team Real Estate
Listing Agent Paul Villarreal
Listing Agent Phone 951-295-2931
Attribution Contact 951-295-2931
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
Virtual Tour URL https://video214.com/play/CkTpJYNWxhEeu4zzTH2jPA/s/dark
School Information
District Pomona Unified
MLS Information
Days on market 350
MLS Status Active
Listing Date Sep 11, 2023
Listing Last Modified Apr 17, 2024
Tax ID 8343018022
MLS Area 687 - Pomona
MLS # CV23169766

This information is believed to be accurate, but without any warranty.
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