1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
Property Description
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.
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Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Pomona · Single Family Residence
Listed 132.6% above the median closed sale of $720,000. Price per sqft ($1,151) is a 142% premium to closed comps ($476). Closed comps sold at 93% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 141 Magnolia | Pomona | 1947 | 3 | 1 | 971 | 6,102 | $596 | $579,000 | 9 | 58 |
| 575 Fernleaf | Pomona | 1959 | 2 | 2 | 1,026 | 5,726 | $633 | $649,900 | 2 | 58 |
| 257 Las Brisas Circle | Pomona | 1984 | 2 | 2 | 960 | 2,336 | $516 | $495,000 | 26 | 49 |
| 730 9th | Pomona | 1908 | 2 | 1 | 1,140 | 5,977 | $531 | $605,000 | 3 | 47 |
| 1502 White Avenue | Pomona | 1936 | 2 | 1 | 1,060 | 6,554 | $594 | $629,999 | 23 | 47 |
| Total: 5 · Average | 2.2 | 1.4 | 1,031.4 | 5,339 | $574 | $591,779.8 | 12.6 | |||
| Median | 1,026 | $605,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 503 Garden Avenue | Pomona | 2013 | 09/22/2026 | 3 | 2 | 1,831 | 8,801 | $785,000 | $800,000 | $437 | 1.02 | 104 | 57 |
| 2011 Armour | Pomona | 1952 | 10/05/2026 | 3 | 2 | 1,266 | 8,045 | $670,000 | $530,000 | $419 | 0.79 | 111 | 54 |
| 165 Columbia Avenue | Pomona | 1914 | 09/21/2026 | 3 | 1 | 1,470 | 7,918 | $750,000 | $680,000 | $463 | 0.91 | 73 | 51 |
| 2196 Orange Grove Avenue | Pomona | 1937 | 09/30/2026 | 3 | 1 | 1,631 | 11,953 | $749,000 | $720,000 | $441 | 0.96 | 158 | 50 |
| 3819 Phillips Blvd. | Pomona | 1982 | 09/22/2026 | 2 | 2 | 1,210 | 23,496 | $779,000 | $753,000 | $622 | 0.97 | 52 | 49 |
| Total: 5 · Average | 2.8 | 1.6 | 1,481.6 | 12,042.6 | $696,600 | $696,600 | $476.4 | — | 99.6 | ||||
| Median | 1,470 | $720,000 | $720,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.