1340 W Orange Grove, Pomona, California 91768, Pomona, 91768 - 2 bed, 1 bath
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Pomona, California 91768
This property presents a High-Potential Investment Opportunity with a List Price of $579,998—positioned well below the $582,518 Fair Market Value by 0.43%. This valuation gap offers $2,520 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant value-add potential through modernization of its 1949 infrastructure. The 8,393 sqft lot provides excellent utility for an ADU addition. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a project with long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1340 W Orange Grove Subject | $579,998* List Price | 2 | 1 | 1,019 | $572 | - |
A 1163 N White Avenue Sold | $510,000 | 2 | 1 | 929 | $549 | 0.8 mi |
B 1045 Casa Hermosa Sold | $683,000 | 3 | 2 | 1,260 | $542 | 0.5 mi |
C 1711 Glenpark Street Sold | $702,000 | 3 | 1 | 1,218 | $576 | 0.7 mi |
D 1204 Hillside Sold | $725,000 | 3 | 2 | 1,318 | $550 | 0.6 mi |
E 1071 Breon Sold | $642,000 | 3 | 1 | 1,128 | $569 | 0.4 mi |
F 1315 Hillside Sold | $690,000 | 3 | 2 | 1,318 | $524 | 0.6 mi |
G 771 W Wilson Sold | $675,000 | 3 | 1 | 960 | $703 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this 75-year-old property exceeds the age threshold for a tear-down but appears well-maintained with visible upgrades like solar panels and a clean exterior. Given the age and lack of recent renovation history, the kitchen, bath, and internal systems are likely dated and require modernization, fitting the 'Fair' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8393, living area = 1019.
The property sits on a substantial 8,393 sqft lot, offering significant potential for outdoor entertaining, gardening, or the addition of an Accessory Dwelling Unit (ADU).
Positioned at a sub-$600,000 price point, this residence serves as an attractive and accessible entry into the Southern California single-family home market.
With only 2 bedrooms and 1 bathroom across 1,019 sqft, the floor plan may be too restrictive for larger families or those requiring dedicated home office space.
Given the 1949 construction date, the property may require capital improvements or modernization of major systems to meet current energy efficiency and aesthetic standards.
Exceptional opportunity in Pomona. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,019 | 1,369 |
| Lot Size | 8,393 | 7,251.5 |
| Price | $580.0K | $694.2K |
| Price per sq ft | $569 | $509 |
| Built year | 1949 | 1957 |
| HOA | $0 | $190 |
| Days on market | 11 | 64 |
Jul 11, 2026
$579,998
Initial Listing
Nov 18, 2011
$190,000
Public Record
Mar 15, 2011
$116,000
Public Record
Aug 9, 2006
$403,000
Public Record
Apr 12, 2006
$302,500
Public Record