1461 S Park Avenue, Pomona, California 91766, Pomona, 91766 - 4 bed, 2 bath
ACTIVE$999,900
1461 S Park Avenue, Pomona, California 91766
4Beds
2Baths
1,096Sqft
19,551Lot
Price Vs. Estimate
The estimated value ($904,978.295) is $94,921.705 (9%) lower than the list price ($999,900). This property may be overpriced.
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 = 19551, living area = 1096.
Top Cons:
Aggressive Pricing & Valuation Gap: The current list price of $999,900 is 9% above the estimated market value and a substantial increase from its original list price of $800,000, which may deter buyers seeking fair market value.
Compared to the nearby listings
Price:$999.9K vs avg $692.0K (+$307,900)95%
Size:1,096 sqft vs avg 1,383 sqft30%
Price/sqft:$912 vs avg $49998%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this property is nearly a century old. The listing description explicitly states it's an 'investor delight' and an 'aging structure requiring significant investment,' indicating a need for extensive renovations and updates to major systems like plumbing and electrical. The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in outdated or poor condition, requiring substantial rehabilitation. The exterior image confirms the age of the home, with no visible signs of recent major renovations.
Year Built
1928
Close
-
List price
$1,000K
Original List price
$800K
Price/Sqft
$912
HOA
-
Days on market
-
Sold On
-
MLS number
WS24011982
Home ConditionPoor
Features
View-
About this home
Huge lot in the city of Pomona. Investor delight! SFR with 4 bedroom and 2 bath.
Condition Rating
Poor
Built in 1928, this property is nearly a century old. The listing description explicitly states it's an 'investor delight' and an 'aging structure requiring significant investment,' indicating a need for extensive renovations and updates to major systems like plumbing and electrical. The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in outdated or poor condition, requiring substantial rehabilitation. The exterior image confirms the age of the home, with no visible signs of recent major renovations.
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 = 19551, living area = 1096.
Expansive Lot Size: The property boasts a significantly large lot of 19,551 sqft (nearly half an acre), offering substantial potential for expansion, additional dwelling units (ADUs), or extensive landscaping in an urban setting.
Investor-Oriented Opportunity: Explicitly marketed as an 'Investor delight!', indicating strong potential for value appreciation through renovation, development, or rental income generation.
Desirable Bedroom/Bathroom Count: With 4 bedrooms and 2 bathrooms, the property offers a practical layout suitable for families or multiple tenants, enhancing its market appeal and versatility.
Development Potential: The combination of a large lot and its 'investor delight' positioning strongly suggests opportunities for future development, such as adding ADUs or exploring subdivision possibilities (subject to zoning).
Established Location: Located in Pomona, a city with ongoing revitalization efforts, providing access to local amenities, educational institutions, and transportation routes.
Cons
Aggressive Pricing & Valuation Gap: The current list price of $999,900 is 9% above the estimated market value and a substantial increase from its original list price of $800,000, which may deter buyers seeking fair market value.
Aging Structure Requiring Significant Investment: Built in 1928, the existing 1096 sqft home is nearly a century old and likely requires extensive renovations, updates to major systems (plumbing, electrical), and potential repairs, adding considerable cost and effort for a new owner.
Limited Interior Living Space: Despite having 4 bedrooms, the total living area of 1096 sqft is quite compact, suggesting smaller room sizes and potentially less functional living space, especially for a family or multiple occupants.