
Pomona, California 91766
This property presents a High-Potential Investment Opportunity with a List Price of $630,000—positioned slightly above the $611,457 Fair Market Value. While the home carries a Condition Rating of 6, the primary value lies in the 0.41-acre lot and its Significant Development Potential for multi-unit housing. With access to major freeways, this asset is primed for density-focused projects. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors looking to maximize land utility in a high-demand commuter corridor.
Property is land value only, full reconstruction required.
The property was built in 1926 (>50 years old) with no mention of renovations. The exterior shows significant deferred maintenance including peeling paint and weathered siding. The listing description focuses on the 0.41-acre lot's potential for building multiple condos, indicating the primary value is in the land rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17905, living area = 1088.
The expansive 17,905 sq ft flat lot offers a rare opportunity for developers to potentially build 7 or more condos or add multiple ADUs, maximizing the land's value.
The property boasts exceptional accessibility to major Southern California arteries, including the 10, 57, 60, and 71 freeways, making it ideal for commuters.
Built in 1926, the modest 1,088 sq ft structure with only 2 bedrooms and 1 bathroom may require substantial modernization or expansion to appeal to modern families.
With a list price of $630,000 for a small, older home, the value is primarily in the land, which may limit the buyer pool to developers or cash-heavy investors.
Come home to this cozy 2 bedroom and 1 bath home with 1,088 sq ft of living space. The lot is flat and huge with 0.41 acres (17,900 sq ft). Perfect for building 7 or more condos (please check and confirm with the city) or adding additional bedrooms or bathrooms. Great location and with access to the 10, 57, 60 and 71 freeways. You don't want to miss this great opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,088 | 1,370 | 18% |
| Lot Size | 17,905 | 7,119.5 | 90% |
| Price | $630.0K | $712.5K | 28% |
| Price per sq ft | $579 | $488 | 77% |
| Built year | 1926 | 1967 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 160 | 1% |
May 14, 2026
$630,000
Initial Listing
Nov 28, 2023
$665,000
Public Record
Apr 29, 1994
$80,000
Public Record