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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. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.
Listing Highlights for 1390 Prospect
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Gas Oven, Gas Range
- Air Cond: Central Air,Gas,Wall/Window Unit(s),Attic Fan
- Heating: Central
- Fireplaces:
- Floor: Wood
- Basement:
- Other: 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,2+ Total Units,Has ADU
- Sewer: Public Sewer,Septic Type Unknown
- 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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