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1390 Prospect, Pomona
$1,675,000
CV26204528 MLS ⋅ Active Status
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.

1390 Prospect, Pomona

1390 Prospect, Pomona
$1,675,000
2 Beds ⋅ 1 Baths ⋅ CV26119618 MLS ⋅ Active Status
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 and windows.

1390 Prospect, Pomona

Sycamore Place, Pomona
$375,000
CV26051730 MLS ⋅ Active Status
Positioned in the prestigious Ganesha Hills neighborhood, this rare offering presents a unique opportunity to acquire two adjoining parcels at the end of a quiet cul-de-sac. Together, the lots span more than 53,000 square feet, creating a substantial canvas for future development, a custom estate, or a long-term investment in one of Pomona’s most established hillside communities. Opportunities to secure land of this size within the neighborhood are uncommon, making this offering particularly appealing to developers, investors, or buyers looking to build something truly special. Set within reach of several local landmarks, the property is near Ganesha Park, Mountain Meadows Golf Course, and Puddingstone Lake. The Claremont Colleges and Cal Poly Pomona are only a short drive away, with convenient connections to the 10, 57, and 210 freeways. Whether envisioned as a development project, a custom home site, or a strategic land investment, this double lot provides the space and location to bring that vision to life within Pomona’s most notable hillside neighborhood.

Sycamore Place, Pomona

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.