1335 W 11th Street, Pomona, California 91766, Pomona, - bed, bath

home-pic
ACTIVE$939,000
1335 W 11th Street, Pomona, California 91766
0Bed
0Bath
1,890Sqft
9,998Lot
Year Built
1962
Close
-
List price
$939K
Original List price
$939K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25111678
Home ConditionGood
Features
Good View:
Patio
View-

About this home

Excellent opportunity for an Owner-Occupant (Rear Unit is currently vacant for Owner Occupy) or Investors! Live in one unit and rent out the other for passive income. The property currently features: Front House (#1335): 800 sf. with 2 Beds/ 1 Bath (TENANT OCCUPIED) and Back House (#1333): 1,090 sf. with 3 Beds/ 2 Baths (VACANT). Seller has obtained Full City of Pomona Approval for Planning, design, and construction — permit-ready and shovel-ready!! Approved plans include: Construction of a 1,029 sq. ft. 3-bed/3-bath ADU as a THIRD (3rd) unit and Additional of 500 sq. ft. to the existing front unit (#1335) to convert it into a 1,300 sq. ft. 3-bed/3-bath unit. Property features: Gated lot with two (2) detached single-car garages, Ample parking on-site, in driveway and off-street, both existing units renovated in 2023, quiet residential street, walking distance to Ralph Welch Park, close proximity to 71 freeway, supermarket and restaurants. Don't miss this rare development and income-producing opportunity.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot1,8901,975
50%
Lot Size9,9987,591
67%
Price$939K$784K
67%
Price per square foot$497$440.5
83%
Built year19629810981
67%
HOA
Days on market169154
50%
Condition Rating
Good

The property was built in 1962, but both units were renovated in 2023. The images show updated kitchens and bathrooms with modern finishes. The flooring and paint appear to be in good condition. While not brand new, the recent renovations bring the property up to a good standard.
Pros & Cons

Pros

Income Potential: Excellent opportunity for investors or owner-occupants seeking passive income through renting out one or both units.
Development Opportunity: Full City of Pomona approval for constructing a 1,029 sq. ft. ADU (3-bed/3-bath) and expanding the front unit by 500 sq. ft. (to 3-bed/3-bath), offering significant value-add potential.
Recent Renovations: Both existing units were renovated in 2023, reducing immediate maintenance concerns and enhancing tenant appeal.
Convenient Location: Located within walking distance to Ralph Welch Park and in close proximity to the 71 freeway, supermarkets, and restaurants, providing easy access to amenities.
Ample Parking: Features a gated lot with two detached single-car garages, ample on-site driveway parking, and off-street parking, a valuable asset in this area.

Cons

Tenant Occupied Unit: The front house is currently tenant-occupied, which may limit immediate flexibility for owner-occupancy or renovation plans.
Limited Information on Specific Renovations: The description mentions renovations in 2023, but lacks specific details about the scope and quality of the work, requiring further investigation.
Older Construction: Built in 1962, the property may have outdated systems or require upgrades to meet modern standards and building codes, despite recent renovations.

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