Unprecedented Development Opportunity: 2.96 Acres with Multitude of Units. This is, an extraordinary development opportunity awaits the discerning investor and visionary developer. This exceptional listing comprises two expansive lots spanning a total of 2.96 acres for your next grand project. Whether you're an experienced developer or an enthusiast with a keen eye for potential, this unique opportunity awaits. Prime Zoning and Potential: According to the City of Pomona, the property has a R1600 zoning designation, further enhanced by a state overlay SB330. These favorable zoning regulations pave the way for a potential construction of up to 25 units on APN 8343-018-022 and an additional 18 units on APN 8343-018-008. A remarkable total of 43 units can be envisioned on these combined lots. Buyers are encouraged to independently verify this information with the City of Pomona to ensure alignment with their development aspirations. Primary Lot: The primary lot features a single-family residence, encompassing 1,455 sq. ft. of living space. This home offers 2 bedrooms and 1 bath, providing a comfortable living environment. Additionally, a converted garage now serves as a versatile Studio Apartment with a shower. Secondary Lot: The secondary lot presents three distinct units. The main house at 1406 Prospect Avenue has an est. 750 sq. ft & includes 2 bedrooms and 1 bath. Adjacent to this, a separate 2 bedroom, 1 bath apartment and completing this trio of units, a Studio apartment with its own kitchen and shower, offering functionality and privacy. Each of these units is equipped with its own meters, utilities, and individual addresses, ensuring convenience and autonomy. Views and Accessibility: One of the standout features of this property is the view from the front, which adds a touch of serenity and natural beauty to your future development. Moreover, the dual access points to both the front and rear sides of the lots, as seen in the provided pictures and drone video, enhance the accessibility and versatility of this remarkable property. Don't miss this unparalleled opportunity to shape the future of this expansive canvas in Pomona. Embrace the potential, envision the possibilities, and embark on your next extraordinary development venture today. The city's commitment to progress awaits your creative vision. Contact us for further details and seize this remarkable opportunity
Property Details
Property Features
Property Information:
Year Built: 1927
Stories: 1
Living Area: 1,455 SqFt
Listing Office:
Office Name: First Team Real Estate
Office Phone: (951) 295-2931
Listing Agent: Paul Villarreal
Interior Features
Interior Information:
Interior: All Bedrooms Down
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: Yes
View: City Lights, Mountain(s), Neighborhood
Parking Information:
Garage Space: 1 space
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 2.96 Acres
Utilities
Utilities Information:
Cooling: Central Air
Other
Directions Information:
Directions: 71 fwy ext Mission go East, make a right on Dudley then turn left on Phillips, then Rt on Prospect
Price Information
Listing Price Info
Price Summary:
List Price: $2,550,000
Price Per SqFt: $1,753/SqFt
Tax Information:
Annual Amount: $3,894
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pomona, CA.
This property is $1.8M more than the Median Sold Price and $1.2K/SqFt more than other homes in Pomona, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV23169766
Listing Office:
Office Name: First Team Real Estate
Office Phone: (951) 295-2931
Listing Agent: Paul Villarreal
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,894
$278,058
2020
$3,972
$275,208
2019
$3,585
$269,813
2018
$3,527
$264,524
2017
$3,527
$259,338
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.7K
Per Month
Principal & Interest
$12.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,712
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Decker Elementary School
20 Village Loop Rd
Distance between this listing and this school0.58 miles
Public District Grades KG-6
5
/10
Westmont Elementary School
1780 W 9th St
Distance between this listing and this school0.79 miles
Public District Grades KG-6
3
/10
Lopez Elementary School
701 S White Ave
Distance between this listing and this school0.82 miles
Public District Grades KG-6
Nearby Schools
5
/10
Vejar Elementary School
950 W Grand Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-8
7
/10
Lexington Elementary School
550 W Lexington Ave
Distance between this listing and this school0.96 miles
Public District Grades KG-8
3
/10
Marshall Middle School
1921 Arroyo Ave
Distance between this listing and this school1.77 miles
Public District Grades 6-8
Nearby Schools
5
/10
Fremont Academy of Engineering and Design
725 W Franklin Ave
Distance between this listing and this school0.79 miles
Public District Grades 7-12
5
/10
Garey High School
321 W Lexington Ave
Distance between this listing and this school1.05 miles
Public District Grades 9-12
4
/10
School of Arts and Enterprise
295 N Garey Ave
Distance between this listing and this school1.54 miles
The neighbors living near this home have an average income of $55,220. The majority of Pomona, CA residents have income between $35k-100k annually. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1390 Prospect Dr
What is the listing price of this property?
The listing price of 1390 Prospect Dr property is $2,550,000.
What type of property is this?
The property 1390 Prospect Dr is a house located in Pomona, California, 91766.
Is this property for sale now?
Active Listing: 1390 Prospect Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,894 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1390 Prospect Dr has 6 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1390 Prospect Dr is 1,455 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1390 Prospect Dr is 1927.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1390 Prospect Dr in Pomona, CA and zip code 91766. This 1,455 square foot home, which was built in 1927, sits on a 2.96 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 11, 2023 and is currently priced at $2,550,000.
Over 25 listings were sold over their listed price in October 2024 in Pomona, CA. In the same period over 12 listings were sold below the listed price and 14 listings were sold for the listed price. In October 2024 in Pomona, CA there were 4.7% less homes for sale than in September 2024. In October 2024 median list price was $670,000 and the average listing age was 27 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Men's Tennis
Men's Tennis
Live Theatre
Nordstrom Rack
Crate & Barrel
Bloomingdales
The Cheesecake Factory
Starbucks
Boston Market
Volvo
BMW
Mercedes
News
Jazz
Alternative