1406 Prospect, Pomona, CA 91766

Pomona
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1406 Prospect,Pomona, CA 91766
$1,475,000
  • - Beds
  • - Baths
  • 2,040 sq. ft.
  • Multi-family
  • Pending
Listed by: albert rodriguez
Office: century 21 citrus realty inc909-592-8500
MLS#:CV26119739
Source:CRMLS

Price summary

  • Price:$1,475,000
  • Price per sq. ft.:$723.04

About this home

Welcome to 1402,1404 & 1406 Prospect Drive, a 40,939 Square foot parcel! Almost 1 acre!! This parcel features 3 houses on a lot which consist of a fully remodeled single-family home with 2 bds and 1 bath @$2,750mo: A 2bdrm 1 ba w/ 1 car garage @ $2,700 mo: And a 1 bd, 1 bath @ $1,800 mo. Three separate houses with a view! Currently generating at total $7,250 mo. per month in rental income. Most buyers evaluate this property with the in-place income. The property offers significant development potential to build up to 20 units with plenty of parking. However, to simplify requirements per the city it would be more economical to streamline and build 10-15 units at approximately 750 Square Ft or less. The property has 3 additional concrete areas for parking. 1 area is a 5000SF+-, 2nd area is 4000SF+- and the 3rd area is 3000SF+-. The potential of building 10- 15 additional 2 bd, 1 1/2 bath units would potentially create an opportunity for returns exceeding a 20% CAP Rate! You can...

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Home facts

  • Year built:1926
  • Listing ID #:CV26119739
  • Added:65 day(s) ago
  • Updated:August 16, 2026 at 08:50 AM

Rooms and interior

  • Flooring:Wood
  • Living area:2,040 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1926
  • Building area:2,040 sq. ft.
  • Lot area:0.94 Acres
  • Lot Features:Front Yard, Gentle Sloping
  • Architectural Style:Traditional
  • Construction Materials:Frame, Stucco

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,475,000
  • Price per sq. ft.:$723.04

Features and amenities

  • Laundry features:Inside
  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Total parking spaces:14
  • Parking description:1 Carport Space(s), Assigned, Boat, Concrete, Deck, Driveway, On Site, Oversized
  • Garage:Yes
  • Garage spaces:1
  • Carport spaces:1
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