1335 W 11th Street, Pomona, California 91766, Pomona, 91766 - bed, bath
ACTIVE$939,000
1335 W 11th Street, Pomona, California 91766
0Bed
0Bath
1,890Sqft
9,998Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Permit-Ready Development Potential: The property comes with full City of Pomona approval for planning, design, and construction of a 1,029 sq. ft. 3-bed/3-bath ADU and a 500 sq. ft. expansion to the front unit, making it 'permit-ready and shovel-ready' for significant value addition and increased income.
Top Cons:
Significant Capital Investment Required: While development plans are approved, the buyer will need to invest substantial additional capital and time to execute the ADU construction and unit expansion to realize the property's full potential.
Compared to the nearby listings
Price:$939.0K vs avg $752.5K (+$186,500)80%
Size:1,890 sqft vs avg 1,841 sqft50%
Price/sqft:$497 vs avg $44470%
More Insights
Built in 1962 (63 years old).
Condition: Despite being built in 1962, the property has undergone an extensive renovation in 2023, as stated in the description and clearly evidenced by the images. The kitchens feature new white shaker cabinets, dark modern countertops, and new stainless steel appliances (range, microwave, refrigerator). Bathrooms are fully updated with modern vanities, new toilets, and contemporary tile work in showers. Throughout the units, new laminate wood flooring, fresh paint, modern light fixtures, and mini-split AC units indicate a comprehensive and high-quality renovation, making the units virtually new and move-in ready with no deferred maintenance.
Year Built
1962
Close
-
List price
$939K
Original List price
$939K
Price/Sqft
$497
HOA
-
Days on market
-
Sold On
-
MLS number
TR25111678
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
Excellent opportunity for an Owner-Occupant (Rear Unit is currently vacant for Owner Occupy) or Investors! Live in one unit and rent out the other for passive income. The property currently features: Front House (#1335): 800 sf. with 2 Beds/ 1 Bath (TENANT OCCUPIED) and Back House (#1333): 1,090 sf. with 3 Beds/ 2 Baths (VACANT). Seller has obtained Full City of Pomona Approval for Planning, design, and construction — permit-ready and shovel-ready!! Approved plans include: Construction of a 1,029 sq. ft. 3-bed/3-bath ADU as a THIRD (3rd) unit and Additional of 500 sq. ft. to the existing front unit (#1335) to convert it into a 1,300 sq. ft. 3-bed/3-bath unit. Property features: Gated lot with two (2) detached single-car garages, Ample parking on-site, in driveway and off-street, both existing units renovated in 2023, quiet residential street, walking distance to Ralph Welch Park, close proximity to 71 freeway, supermarket and restaurants. Don't miss this rare development and income-producing opportunity.
Condition Rating
Excellent
Despite being built in 1962, the property has undergone an extensive renovation in 2023, as stated in the description and clearly evidenced by the images. The kitchens feature new white shaker cabinets, dark modern countertops, and new stainless steel appliances (range, microwave, refrigerator). Bathrooms are fully updated with modern vanities, new toilets, and contemporary tile work in showers. Throughout the units, new laminate wood flooring, fresh paint, modern light fixtures, and mini-split AC units indicate a comprehensive and high-quality renovation, making the units virtually new and move-in ready with no deferred maintenance.
Pros & Cons
Pros
Permit-Ready Development Potential: The property comes with full City of Pomona approval for planning, design, and construction of a 1,029 sq. ft. 3-bed/3-bath ADU and a 500 sq. ft. expansion to the front unit, making it 'permit-ready and shovel-ready' for significant value addition and increased income.
Dual Income & Owner-Occupant Flexibility: Offers an excellent opportunity for both investors and owner-occupants, with one unit currently tenant-occupied for immediate income and the rear unit vacant for owner occupancy or immediate rental.
Recent Unit Renovations: Both existing units were renovated in 2023, providing modern living spaces and reducing immediate capital expenditure for a new owner.
Ample Parking & Security: Features a gated lot, two detached single-car garages, and ample on-site, driveway, and off-street parking, which is highly desirable for multi-unit properties and enhances security.
Convenient Location & Accessibility: Situated on a quiet residential street, within walking distance to Ralph Welch Park, and in close proximity to the 71 freeway, supermarkets, and restaurants, enhancing tenant appeal and quality of life.
Cons
Significant Capital Investment Required: While development plans are approved, the buyer will need to invest substantial additional capital and time to execute the ADU construction and unit expansion to realize the property's full potential.
Age of Original Construction: Built in 1962, the property's underlying infrastructure may be older, potentially leading to unforeseen maintenance or upgrade costs beyond the 2023 cosmetic renovations.
Tenant Occupancy in Front Unit: The front unit is tenant-occupied, which means a new owner cannot immediately occupy or undertake major renovations on that unit without navigating existing tenant rights and potential relocation processes.