1242 W Orange Grove, Pomona, California 91768, Pomona, 91768 - 0 bed, 0 bath
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Pomona, California 91768
This High-Density Development Asset is listed at $799,900, carrying a valuation justified by its 14,129 sqft lot rather than the $661,221 Fair Market Value. While local duplexes recently sold up to $783,000, this property’s premium is driven by its Neighborhood Edge District 3 zoning, allowing for up to 9 units without a public hearing. Currently a 1957 duplex with a Fair Condition Rating in the Pomona Unified School District, it offers immediate income via separate meters and 2018 roofs. This is a strategic acquisition for Developers and Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 W Orange Grove Subject | $799,900* List Price | 0 | 0 | 1,443 | $458 | - |
A 1035 Laurel Avenue Sold | $735,500 | 4 | 2 | 1,722 | $427 | 0.3 mi |
B 277 N Myrtle Sold | $783,000 | 4 | 2 | 1,968 | $398 | 0.5 mi |
C 586 W Center Street Active | $750,000 List Price | 5 | 3 | 1,688 | $444 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1957 duplex that has been well-maintained but remains largely in an outdated condition. While the roofs were replaced in 2018 and the flooring has been updated to laminate and tile, the kitchens and bathrooms feature older cabinetry and fixtures. The reliance on wall furnaces for heating and the lack of central cooling further reflect its aged status. It is functional and tenant-occupied, but requires modernization to meet current market standards.
The property was recently rezoned to Neighborhood Edge District 3, allowing for up to 9 units on the large 14,129 sqft lot without a public hearing, offering massive value-add potential for investors.
Key maintenance items have been addressed, including full roof replacements in 2018, recent roof servicing, and professional tree trimming, reducing immediate deferred maintenance costs.
The duplex features separate gas and electric meters and long-term tenants on month-to-month leases, providing immediate cash flow with the flexibility to adjust rents to market rates or redevelop.
The units utilize wall furnaces for heating and lack a central cooling system, which may impact tenant comfort and limit the ability to achieve premium market rents.
All appliances currently belong to the tenants, meaning a new owner will face additional capital expenditures to furnish the units with refrigerators or stoves upon future vacancies.
Great Lot with many possibilities - two on a lot - Pomona rezoned in July 2024 This is called the Neighborhood Edge District 3 zoning district. You can put up to 9 units on this lot with out public hearing per city planning dept. - (Buyer to check with city) - This has been a long term rental with great tenants for many years - Tenants are month to month - These units have been well kept with big front and back yards - Roofs were replaced in 2018 - also owners just had tree's trimmed and roof maintenance done - Inside the flooring is laminate and tile - wall furnaces - all appliances belong to tenants - Each unit has 1 car garage plus a lot of room for extra parking - close to freeways, public transportation, parks and schools. 1240 is the front house and 1242 is the back house. They are on seperate electric and gas meters. Rent increases of 5% for 2026 have not been applied yet.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,443 | 1,722 | 40% |
| Lot Size | 14,129 | 13,056 | 60% |
| Price | $799.9K | $783.0K | 60% |
| Price per sq ft | $554 | $427 | 80% |
| Built year | 1957 | 1949 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 169 | 20% |
Mar 1, 2026
$799,900
Initial Listing