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About the Listing 2015 - C12315
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.
Listing Highlights for 1390 Prospect
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Gas Oven, Gas Range
- Air Cond: Central Air,Gas,Wall/Window Unit(s),Attic Fan
- Heating: Central
- Fireplaces:
- Floor: Wood
- Basement:
- Other: Breakfast Bar,Separate/Formal Dining Room,Eat-in Kitchen,All Bedrooms Down,Attic,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Front Yard,Value In Land,Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Composition
- Others: Updated/Remodeled,Stucco,Has ADU
- Sewer: Public Sewer
- Parking Features: Boat,Driveway,RV Potential
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 8343018022
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1390 Prospect Pomona, CA 91766
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