1406 Prospect Dr., Pomona, California 91766, Pomona, - bed, bath
ACTIVE$1,250,000
1406 Prospect Dr., Pomona, California 91766
4Beds
4Baths
2,400Sqft
40,923Lot
Year Built
1926
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25080118
Home ConditionFair
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.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (96 Listings) | |
|---|---|---|---|
| Beds | 4 | 3 | 67% |
| Baths | 4 | 2 | 95% |
| Square foot | 2,400 | 1,383 | 95% |
| Lot Size | 40,923 | 7,062 | 98% |
| Price | $1.25M | $692K | 97% |
| Price per square foot | $521 | $496 | 58% |
| Built year | 1926 | 1960 | 10% |
| HOA | |||
| Days on market | 206 | 179 | 65% |
Condition Rating
Fair
The property was built in 1926 and the listing mentions that all 3 units need work. The images show outdated kitchens and bathrooms. The property appears to have been maintained but requires updates. The condition is aged but maintained through regular upkeep and occasional updates.
Pros & Cons
Pros
Investment Opportunity: The property features a main house and two ADUs, offering multiple rental income streams for investors.
Large Lot Size: The property sits on just shy of an acre, providing ample space for parking, work, or potential expansion.
View Property: The property boasts a view, adding to its desirability and potential value.
ADU Potential: The two ADUs are grandfathered in, making them legal and valuable assets.
Contractor's Dream: With 3 levels of concrete slab driveway, this property is perfect for a contractor looking for workspace.
Cons
Condition Requires Work: All three units need work, potentially requiring a significant investment for renovation and repairs.
As-Is Sale: The property is being sold in as-is condition, meaning buyers will be responsible for all existing issues and repairs.
Age of Property: Built in 1926, the property may have outdated systems and require upgrades to meet modern standards.