1390 Prospect, Pomona
$1,675,000
0 bd · 0 ba · 0 sqft · Home · Pomona · 0 days on market
Updated September 18, 2026
Key Facts
- Property Type
- Home
- Year Built
- 1927
- Lot Size
- 88,182 sqft
- Stories
- 1
- Days on Market
- 0
- Listed
- Sep 17, 2026
- MLS #
- CV26204528
- Status
- Active
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About this home
Welcome to 1390 Prospect Drive, an 88,182 Square foot parcel! (2.2 Acres) featuring a fully renovated single family home and studio guest house with a view and pool currently generating $5,000 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 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 collect rents while you work on your development plans. $100,000 plus in recent capital improvements, new interior, exterior paint, cabinets, electrical, plumbing and windows.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 collect rents while you work on your development and entitlement plans. $200,000 plus in recent capital improvements, new interior, exterior paint, flooring, cabinets, electrical, plumbing and windows. Lot lines in photos are approximate. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.
Highlights
- 0-bedroom, 0-bath home.
- 0 square feet of living space.
- Located in Pomona.
Price History
| Date | Price | Change |
|---|---|---|
| Sep 18, 2026 | $1,675,000 | — |
| Listed Sep 17, 2026 | ||
Location
About Pomona
- Active Listings
- 306
- Median Price
- $699,000
Estimate a Monthly Payment
Estimated Monthly Payment
$10,939/mo
Includes estimated taxes and insurance at the assumption rates below. HOA dues are not included — enter your community's HOA (varies widely by community, and absent from listing data) for an accurate total.
- Principal & Interest
- $8,915
- Property Tax
- $1,535
- Insurance
- $489
- HOAnot included — enter your dues
- $0
Estimate only — not a loan offer or rate quote. Confirm actual figures with a lender.
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Based on information from California Regional MLS as of 2026-09-18T15:35:45.767Z. 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.