1390 Prospect, Pomona, California 91766, Pomona, 91766 - 2 bed, 1 bath
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Pomona, California 91766
Analysis of 1390 Prospect, Pomona, California 91766 is currently available with a list price of $1,675,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pomona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite the 1927 build date, the property has undergone a full recent renovation with over $300,000 in capital improvements. It features new electrical, plumbing, HVAC, windows, cabinets, and flooring, qualifying it as a mint-condition, move-in ready asset.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 88182, living area = 1455.
The expansive 2.2-acre lot offers a rare opportunity to build up to 20 units, with a projected CAP rate exceeding 20% upon completion of additional dwellings.
The property currently generates $5,000 in monthly rental income from the renovated main house and studio, providing steady cash flow during the entitlement and planning phases.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 6.
The property was recently sold within the past year on 2026-02-13. The sold price is $750,000.00.
Realizing the full 20-unit potential requires navigating complex city requirements and entitlement processes, which can be time-consuming and costly for developers.
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.Welcome to 1402,1404 & 1406 Prospect Drive, a 40,939 Square foot parcel! Almost 1 acre!! This parcel features 3 houses on a lot which consist of a fully remodeled single-family home with 2 bds and 1 bath @$2,750mo: A 2bdrm 1 ba w/ 1 car garage @ $2,700 mo: And a 1 bd, 1 bath @ $1,800 mo. Three separate houses with a view! Currently generating at total $7,250 mo. 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 property has 3 additional concrete areas for parking. 1 area is a 5000SF+-, 2nd area is 4000SF+- and the 3rd area is 3000SF+-. 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 and entitlement plans. $200,000 plus in recent capital improvements, new interior, exterior paint, flooring, cabinets, electrical, plumbing and windows. Lot lines in photos are approximate. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.
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 | 1,455 | 1,369 |
| Lot Size | 88,182 | 7,251.5 |
| Price | $1.68M | $694.2K |
| Price per sq ft | $1.2K | $509 |
| Built year | 1927 | 1957 |
| HOA | $0 | $190 |
| Days on market | 41 | 64 |
Jun 11, 2026
$1,675,000
Initial Listing
Feb 13, 2026
$750,000
Public Record