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318 E 11th Street, Pomona, California 91766, Pomona, 91766 - 5 bed, 3 bath

318 E 11th Street, Pomona, California 91766 home-pic-0
ACTIVE$1,199,000$2,304/sqft
Est. Value: $640,790
-46%
AboveEstimate
318 E 11th Street, Pomona, California 91766
5Beds
3Baths
2,304Sqft
14,900Lot

Price Vs. Estimate

The estimated value ($640,789.61) is $558,210.39 (46%) lower than the list price ($1,199,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 14900, living area = 2304.
Top Cons:
Significant Overpricing Relative to Market Estimation: The current list price of $1,199,000 is nearly double the property's estimated value of $640,789.61, suggesting a substantial premium or potential overvaluation in the current market.

Compared to the nearby listings

Price:$1.20M vs avg $725.0K (+$474,000)96%
Size:2,304 sqft vs avg 1,522 sqft92%
Price/sqft:$520 vs avg $49262%

More Insights

Built in 1890 (136 years old).
Condition: Despite being built in 1890, this property has undergone a comprehensive, top-to-bottom renovation, as explicitly stated in the description and confirmed by the images. The kitchen and bathrooms are entirely new, featuring modern white shaker cabinets, light-colored quartz countertops, stainless steel appliances, and contemporary fixtures and tiling. New flooring, fresh paint, updated lighting (including recessed lights), and entirely new AC/heating, plumbing, and electrical systems are in place, with AC installation noted as very recent. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Year Built
1890
Close
-
List price
$1.2M
Original List price
$1.39M
Price/Sqft
$520
HOA
-
Days on market
-
Sold On
-
MLS number
IG25090400
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Price Improvement! Seller is motivated. Will consider all reasonable offers. Charming 1890 Gem on a Spacious Corner Lot – Endless Potential in the Heart of Pomona This property is more than just a home—it’s a canvas of opportunity. Zoned to accommodate up to six units, it’s ideal for generating rental income, hosting Airbnb guests, or expanding with an ADU (Accessory Dwelling Unit). Whether you’re a savvy investor or a homeowner seeking space and flexibility, this lot provides ample room for growth and creativity. Welcome to 318 East 11th Street, a beautifully restored Victorian-era home blending timeless charm with modern upgrades. Built in 1890 and thoughtfully renovated from top to bottom, this elegant property sits on a generous one-third acre corner lot, offering both character and incredible versatility. Inside, you’ll find a bright and inviting living space that preserves its historical soul while boasting contemporary finishes. From the gleaming floors to the new finishes, every detail has been carefully curated to honor the home’s original architecture while providing today’s comforts. The lush, expansive grounds offer space for outdoor entertaining, gardening, or future development—all set on a beautifully positioned corner lot that maximizes curb appeal and access. Lots of fruit trees, plenty of parking and a basement for storage are all included. The a/c will be installed this week. The home has new ac/ heating, plumbing and electrical too. Don’t miss your chance to own a piece of Pomona history, reimagined for modern living and full of possibility. Opportunities like this don't come along often. Schedule your appt today.

R
Renee Stallone
Listing Agent
Condition Rating
Excellent
Despite being built in 1890, this property has undergone a comprehensive, top-to-bottom renovation, as explicitly stated in the description and confirmed by the images. The kitchen and bathrooms are entirely new, featuring modern white shaker cabinets, light-colored quartz countertops, stainless steel appliances, and contemporary fixtures and tiling. New flooring, fresh paint, updated lighting (including recessed lights), and entirely new AC/heating, plumbing, and electrical systems are in place, with AC installation noted as very recent. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Pros & Cons

Pros

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 = 14900, living area = 2304.
Exceptional Development Potential: Zoned for up to six units on a generous 1/3 acre corner lot, offering significant opportunities for rental income, ADU expansion, or multi-unit development.
Historic Charm with Comprehensive Modernization: A beautifully restored 1890 Victorian-era home featuring thoughtful top-to-bottom renovations, including new AC/heating, plumbing, and electrical systems.
Spacious & Versatile Corner Lot: A large 14,900 sqft corner lot provides ample outdoor space for various uses, enhanced curb appeal, and abundant parking.
Investor-Friendly Income Opportunities: The property's zoning and potential for multiple units or Airbnb hosting make it highly attractive for investors seeking diverse income streams.
Turnkey Major Systems: Recent installation of new AC/heating, plumbing, and electrical ensures modern comfort and reduces immediate capital expenditure for critical infrastructure.

Cons

Significant Overpricing Relative to Market Estimation: The current list price of $1,199,000 is nearly double the property's estimated value of $640,789.61, suggesting a substantial premium or potential overvaluation in the current market.
History of Price Reductions: A notable price improvement from the original list price of $1,385,000 indicates market resistance and a motivated seller, which could imply further downward pressure on the price.
Potential for Age-Related Maintenance: Despite extensive renovations, the inherent age of an 1890-built structure may still lead to unforeseen maintenance or preservation costs unique to historic properties.
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