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1541 W Orange Grove Avenue, Pomona, California 91768, Pomona, 91768 - bed, bath

1541 W Orange Grove Avenue, Pomona, California 91768 home-pic-0
ACTIVE$1,250,000
1541 W Orange Grove Avenue, Pomona, California 91768
0Bed
0Bath
1,880Sqft
21,931Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Development Potential: Large 0.5-acre lot offers significant potential for adding 7-10 additional units, maximizing investment returns.
Top Cons:
Age of Property: Built in 1922, the existing structure may require significant renovation or potential redevelopment costs.

Compared to the nearby listings

Price:$1.25M vs avg $992.8K (+$257,250)50%
Size:1,880 sqft vs avg 1,761.5 sqft75%
Price/sqft:$665 vs avg $54650%

More Insights

Built in 1922 (103 years old).
Condition: The property was built in 1922 and appears to be a triplex. The images show aged kitchens and bathrooms. While the units appear to be maintained, they are outdated and would benefit from updates. The property is functional but shows its age, fitting the 'fair' condition.
Year Built
1922
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
TR25024282
Home ConditionFair
Features
View-

About this home

Development Opportunity in Prime Pomona Location! Welcome to this exceptional triplex in the heart of Pomona, situated on a spacious 0.5-acre lot with endless possibilities for expansion. Perfect for developers and investors, this property offers a rare chance to build additional 7-10 units, capitalizing on the high demand for housing in this desirable area. Unbeatable Location: - Close proximity to top educational institutions - Walking distance to entertainment, dining, and shopping - Convenient access to public transportation and major airports Top Features: - 0.5-acre lot with room for expansion - Existing triplex with potential for renovation or redevelopment - Prime location in the city of Pomona - High demand for housing in the area - Endless possibilities for developers and investors This property offers a unique opportunity for growth and development in a prime location. Don't miss out!

Condition Rating
Fair
The property was built in 1922 and appears to be a triplex. The images show aged kitchens and bathrooms. While the units appear to be maintained, they are outdated and would benefit from updates. The property is functional but shows its age, fitting the 'fair' condition.
Pros & Cons

Pros

Development Potential: Large 0.5-acre lot offers significant potential for adding 7-10 additional units, maximizing investment returns.
Prime Location: Located in a desirable Pomona area, close to educational institutions, entertainment, dining, and shopping.
Existing Income Stream: The property features an existing triplex, providing immediate rental income while planning for future development.

Cons

Age of Property: Built in 1922, the existing structure may require significant renovation or potential redevelopment costs.
Renovation Required: The existing triplex may need renovation to maximize rental income or prepare for redevelopment, adding to initial investment.

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