1390 S Palomares, Pomona, California 91766, Pomona, 91766 - 4 bed, 2 bath
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Pomona, California 91766
Analysis of 1390 S Palomares, Pomona, California 91766 is currently available with a list price of $1,375,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1927, this property is marketed primarily as a development opportunity for up to 17 units, with the value residing in the land rather than the structure. The exterior shows aging infrastructure, and the lack of interior images suggests the kitchen and bathrooms are significantly outdated. While currently rented, the property requires substantial rehabilitation or demolition to meet modern standards, aligning with the 'poor' condition criteria for aging components and deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37336, living area = 1454.
The property is zoned to allow for up to 17 units on a substantial 37,336 sqft lot, offering a significant opportunity for multi-family development in a growing market.
An existing single-family residence on the site is currently rented for $3,300 per month, providing steady income to offset holding costs during the planning and permitting phases.
Built in 1927, the existing structure is nearly 100 years old and may require substantial upkeep or eventual demolition to realize the site's highest and best use.
The buyer is responsible for verifying all zoning and density claims, which introduces potential regulatory risks and the need for extensive due diligence before development can proceed.
Calling all developers! Excellent opportunity for developers in the growing city of Pomona. Located at 1390 S Palomares St, this property features an existing single-family home on a lot zoned to allow up to 17 units. Ideal for those looking to capitalize on strong rental demand and continued growth in the area. The existing residence is currently rented for $3,300 which offers the potential to collect income while planning your project. Conveniently situated near major freeways, public transportation, schools, and local amenities, making it a highly desirable location for future residents. Buyer to verify zoning, density, and development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,454 | 1,448 | 51% |
| Lot Size | 37,336 | 7,690 | 91% |
| Price | $1.38M | $722.5K | 97% |
| Price per sq ft | $946 | $477 | 98% |
| Built year | 1927 | 1967 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 166 | 1% |
Apr 8, 2026
$1,375,000
Initial Listing
Jan 30, 2004
$345,000
Public Record
Dec 1, 2003
$180,000
Public Record