462 W Orange Grove, Pomona, California 91768, Pomona, 91768 - 3 bed, 2 bath
ACTIVE$700,000$1,175/sqft
Est. Value: $606,199
-13%
AboveEstimate
462 W Orange Grove, Pomona, California 91768
3Beds
2Baths
1,175Sqft
10,816Lot
Price Vs. Estimate
The estimated value ($606,199.445) is $93,800.555 (13%) lower than the list price ($700,000). 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 = 10816, living area = 1175.
Top Cons:
Property Age & Condition: Constructed in 1937, the home is likely to require substantial modernization, system upgrades, or general maintenance to align with contemporary buyer expectations.
Compared to the nearby listings
Price:$700.0K vs avg $630.0K (+$70,000)69%
Size:1,175 sqft vs avg 1,200 sqft47%
Price/sqft:$596 vs avg $53776%
More Insights
Built in 1937 (89 years old).
Condition: Built in 1937, the property features a significantly outdated kitchen with tile countertops, older wood cabinets, and dated white appliances. The bathrooms also show signs of age with dated tile work and fixtures. While some areas like the living room have newer laminate flooring and fresh paint, major systems like heating (wall-mounted unit) are old, and the overall condition of key areas requires substantial modernization and rehabilitation to meet current standards. The property's own analysis notes it is 'likely to require substantial modernization, system upgrades, or general maintenance'.
Year Built
1937
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$596
HOA
-
Days on market
-
Sold On
-
MLS number
CV26009779
Home ConditionPoor
Features
Patio
View-
About this home
This property is ideally located close to Cal Poly, Claremont Colleges, and Western University. The lot is large enough to build 2 additional houses. The owner already has plans for an ADU. Currently tenant occupied, but can be delivered vacant.
D
Daryl Beans
Listing Agent
Nearby schools
5/10
Lincoln Elementary School
Public,•PK-6•0.3mi
5/10
Palomares Academy Of Health Science
Public,•7-12•1.2mi
3/10
Ganesha High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
07/23/01
Sold
$100,000
Condition Rating
Poor
Built in 1937, the property features a significantly outdated kitchen with tile countertops, older wood cabinets, and dated white appliances. The bathrooms also show signs of age with dated tile work and fixtures. While some areas like the living room have newer laminate flooring and fresh paint, major systems like heating (wall-mounted unit) are old, and the overall condition of key areas requires substantial modernization and rehabilitation to meet current standards. The property's own analysis notes it is 'likely to require substantial modernization, system upgrades, or general maintenance'.
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 = 10816, living area = 1175.
Development Potential: The expansive 10,816 sqft lot offers significant development opportunities, including the potential to build two additional houses, enhancing future value and density.
Pre-Approved ADU Plans: The availability of existing ADU plans from the owner provides a ready-to-implement value-add, facilitating additional rental income or flexible living arrangements.
Strategic University Proximity: Its ideal location near Cal Poly, Claremont Colleges, and Western University ensures strong rental demand and appeal to a diverse academic community.
Highly-Rated Local Schools: Proximity to top-rated schools like Lincoln Elementary (5-star) and Palomares Academy (5-star) is a major draw for families.
Occupancy Flexibility: The option for the property to be delivered vacant provides immediate flexibility for owner-occupancy or the selection of new tenants without lease obligations.
Cons
Property Age & Condition: Constructed in 1937, the home is likely to require substantial modernization, system upgrades, or general maintenance to align with contemporary buyer expectations.
Lack of Scenic Views: The absence of any notable views ('view: None') may detract from its appeal for buyers prioritizing scenic surroundings.
Tenant Transition Management: While it can be delivered vacant, the current tenant occupancy may present logistical challenges for showings and requires careful management during the transition phase.