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Listed by: Albert Rodriguez (626) 255-4854 DRE #01250095 | CENTURY 21 CITRUS REALTY INC (909) 592-8500
$1,675,000
2 Beds
- 1 Bath
1 full bath
1,455sqft
1390 Prospect, Pomona, CA 91766
$1,675,000
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Single Family Residence
Built in 1927
$-- HOA
2.02 acres lot
$1,151/sq.ft
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...
Continue ReadingProperty Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1927
HOA Fees
-
Finished Area
1,455 sqft
Lot Size
2.02 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26119618
MLS Status
Active
Days on Market
76
Cumulative Days on Market
1
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