1390 Prospect, Pomona, California 91766, Pomona, 91766 - 0 bed, 0 bath
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1390 Prospect
Pomona, California 91766
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,455Sq Ft
88,182Lot Size
Property Price
LIST PRICE$1,675,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1927, the property features multiple homes that have undergone recent full renovations with over $300,000 in capital improvements. The updates include new electrical, plumbing, windows, cabinets, flooring, and paint, placing the structures in mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Exceptional Development Potential
The expansive 2.2-acre lot offers a rare opportunity to develop up to 20 units, with a streamlined path for 10-15 units that could yield a CAP rate exceeding 20%.
- Immediate Rental Income
The property currently generates $5,000 in monthly revenue from a renovated main home and studio, providing essential cash flow to offset carrying costs during the entitlement process.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-02-13. The sold price is $750,000.00.
- Entitlement Complexity
Achieving the projected unit density requires navigating specific City of Pomona requirements and verification, which may involve significant time and regulatory hurdles.
- Specialized Buyer Profile
The list price is heavily weighted toward future development value rather than current residential utility, likely limiting the buyer pool to experienced investors and developers.
About 1390 Prospect
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 88,182 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,455 | 1,351.422 |
| Lot Size | 88,182 | 7,011.222 |
| Price | $1.68M | $689.8K |
| Price per sq ft | $1.2K | $517 |
| Built year | 1927 | 1956 |
| HOA | $0 | $244 |
| Days on market | 36 | 59 |
Pricing History
Listed for Sale
Sep 18, 2026
$1,675,000
Initial Listing
Sold
Feb 13, 2026
$750,000
Public Record