1406 Prospect Dr., Pomona, California 91766, Pomona, 91766 - 4 bed, 4 bath
ACTIVE$1,250,000
1406 Prospect Dr., Pomona, California 91766
4Beds
4Baths
2,400Sqft
40,923Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40923, living area = 2400.
Top Cons:
Extensive Renovation Required: All three units 'do need work,' indicating a significant investment in time and capital for renovations and upgrades to bring them to a rentable or livable standard.
Compared to the nearby listings
Price:$1.25M vs avg $692.0K (+$558,000)96%
Size:2,400 sqft vs avg 1,388 sqft95%
Price/sqft:$521 vs avg $49957%
More Insights
Built in 1926 (99 years old).
Condition: Built in 1926, the property and its ADUs are in a state of significant disrepair, explicitly stated as needing 'work' in the description. Images reveal extremely outdated and worn kitchens with old cabinetry, tiled countertops, and missing appliances, along with bathrooms showing peeling paint, dirty surfaces, and very basic, aged fixtures. Flooring consists of worn laminate, old carpet, and dated tiles. The overall condition suggests extensive deferred maintenance, outdated systems, and significant defects that would require substantial repairs and rehabilitation to make the units safe and comfortable for living.
Year Built
1926
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
CV25080118
Home ConditionPoor
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)
About this home
Investors, Airbnb buyers - come see this unique property that has a 2 bedroom/1 bath single family home along with a studio ADU and another 2 bedroom/2bath ADU. The ADU's are grandfather in so they are legal. All 3 units do need work. This property is just shy of an acre. The back side of the home has 3 levels of concrete slab driveway.. There's plenty of space for parking or work space for a contractor.. Another very unique feature is the view. A must see for the serious investor.
Condition Rating
Poor
Built in 1926, the property and its ADUs are in a state of significant disrepair, explicitly stated as needing 'work' in the description. Images reveal extremely outdated and worn kitchens with old cabinetry, tiled countertops, and missing appliances, along with bathrooms showing peeling paint, dirty surfaces, and very basic, aged fixtures. Flooring consists of worn laminate, old carpet, and dated tiles. The overall condition suggests extensive deferred maintenance, outdated systems, and significant defects that would require substantial repairs and rehabilitation to make the units safe and comfortable for living.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40923, living area = 2400.
Multiple Legal Income Units: The property includes a main house (2B/1B), a studio ADU, and another 2B/2B ADU, all legally grandfathered, offering significant rental or Airbnb income potential.
Expansive Lot Size: A substantial lot 'just shy of an acre' (40,923 sqft) provides ample space for privacy, outdoor amenities, or potential future development.
Exceptional Views: Boasts 'City Lights' and 'Mountain(s)' views, described as a 'very unique feature,' enhancing desirability and market value.
Abundant Parking & Workspace: Features '3 levels of concrete slab driveway' and 'plenty of space for parking or work space,' ideal for multiple tenants or a contractor's needs.
Strong Investor/Airbnb Appeal: Explicitly marketed towards 'Investors, Airbnb buyers' due to its multi-unit configuration and income-generating potential.
Cons
Extensive Renovation Required: All three units 'do need work,' indicating a significant investment in time and capital for renovations and upgrades to bring them to a rentable or livable standard.
Advanced Age of Main Structure: Built in 1926, the main house is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), structural concerns, and higher ongoing maintenance costs.
High Upfront Renovation Costs: The explicit need for work across all units implies substantial financial outlay for repairs, modernization, and bringing the property to a desirable condition before generating optimal income.