1443 1443 Laurel, Pomona, California 91768, Pomona, 91768 - bed, bath

1443 1443 Laurel, Pomona, California 91768 home-pic-0
ACTIVE$1,440,000
1443 1443 Laurel, Pomona, California 91768
0Bed
0Bath
1,550Sqft
15,315Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Redevelopment Potential: The property offers exceptional multi-unit infill potential, estimated at 5-10 units by right and up to 12 with incentives, supported by favorable zoning and a large lot.
Top Cons:
Extensive Due Diligence Required: Buyers must undertake significant verification with City Planning regarding specific density, height, parking, and setback requirements, introducing uncertainty and upfront effort.

Compared to the nearby listings

Price:$1.44M vs avg $1.01M (+$434,750)75%
Size:1,550 sqft vs avg 1,636 sqft50%
Price/sqft:$929 vs avg $67850%

More Insights

Built in 1953 (72 years old).
Condition: The property was built in 1953, making it over 70 years old. The listing explicitly markets it as an 'exceptional investment and redevelopment opportunity' with the value primarily in the large lot and potential for a multi-unit infill project. The complete absence of interior images, especially for kitchens and bathrooms, strongly suggests that the existing structures are in very poor, outdated, or unappealing condition, likely beyond economical repair for modern living standards. The property's value is clearly based on the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Year Built
1953
Close
-
List price
$1.44M
Original List price
$1.44M
Price/Sqft
$929
HOA
-
Days on market
-
Sold On
-
MLS number
CV25228781
Home ConditionTear down
Features
View-

About this home

Exceptional investment and redevelopment opportunity in the rapidly evolving Downtown Pomona corridor—a spacious duplex on an approximately 15,000 sq ft lot (˜ 0.34 acre) located just minutes from the newly opened LA Metro A Line (Pomona Station) connecting to Pasadena, DTLA, and Long Beach. Each residence features 2 bedrooms / 1 bath, fully rented and generating steady income while you prepare plans for a multi-unit infill project in one of the region’s most transit-accessible growth zones. According to the City of Pomona’s 2024 Zoning and Development Code, the site’s scale and location may support medium-density residential redevelopment—potentially 5 to 10 new units by right, with additional yield possible under California’s State Density Bonus Law or local transit-oriented overlays (buyer to verify with City Planning). The generous rectangular lot offers excellent frontage, flat topography, and convenient alley access, ideal for efficient site design and parking integration. Perfectly positioned near I-10, SR-71, SR-57, and SR-60 freeways, Western University of Health Sciences, and Pomona’s Art Colony & Antique District, this property sits at the intersection of long-term appreciation and immediate cash flow. The area benefits from major public investment in housing and mobility, including Metrolink and Foothill Transit connections within blocks. Highlights • ~15,000 sq ft lot with two (2) existing 2 bed / 1 bath units – both leased • Zoning context supports multi-unit redevelopment (buyer to confirm density, height, parking, setbacks) • Near the LA Metro A Line extension (Sept 2025) – Pomona Station less than 1 mile away • Strong commuter location with quick freeway and regional rail access • Upside potential estimated at 5–10 units by right, or up to 12 with incentives • Lot dimensions and topography favor efficient multifamily design

Condition Rating
Tear down

The property was built in 1953, making it over 70 years old. The listing explicitly markets it as an 'exceptional investment and redevelopment opportunity' with the value primarily in the large lot and potential for a multi-unit infill project. The complete absence of interior images, especially for kitchens and bathrooms, strongly suggests that the existing structures are in very poor, outdated, or unappealing condition, likely beyond economical repair for modern living standards. The property's value is clearly based on the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

High Redevelopment Potential: The property offers exceptional multi-unit infill potential, estimated at 5-10 units by right and up to 12 with incentives, supported by favorable zoning and a large lot.
Prime Transit-Oriented Location: Strategically located less than 1 mile from the new LA Metro A Line (Pomona Station) and close to other public transit and major freeways, enhancing future resident appeal and property value.
Immediate Cash Flow: Two existing 2-bedroom, 1-bath units are fully leased, providing steady rental income and cash flow from acquisition, offsetting holding costs during redevelopment planning.
Optimal Lot for Development: A spacious ~15,000 sq ft rectangular lot with flat topography and convenient alley access is ideally suited for efficient multi-family design and parking integration.
Strategic Growth Corridor: Positioned in the rapidly evolving Downtown Pomona corridor, benefiting from significant public investment, proximity to educational institutions, and cultural districts, promising long-term appreciation.

Cons

Extensive Due Diligence Required: Buyers must undertake significant verification with City Planning regarding specific density, height, parking, and setback requirements, introducing uncertainty and upfront effort.
Age of Existing Structures: Built in 1953, the current duplex units are older, potentially requiring substantial maintenance, upgrades, or demolition costs, which could impact the overall redevelopment budget.
Redevelopment Complexity & Timeline: Realizing the multi-unit potential involves a complex, time-consuming, and capital-intensive process of planning, permitting, and construction, which may not suit all investors.

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