160 E Franklin Avenue, Pomona, California 91766, Pomona, 91766 - 1 bed, 1 bath
ACTIVE$990,000
160 E Franklin Avenue, Pomona, California 91766
1Bed
1Bath
1,276Sqft
32,456Lot
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 = 32456, living area = 1276.
Top Cons:
Extensive Remodel Required: The existing 1909 home is explicitly stated as needing a 'full remodel,' implying significant capital investment and time for renovation.
Compared to the nearby listings
Price:$990.0K vs avg $692.0K (+$298,000)94%
Size:1,276 sqft vs avg 1,383 sqft47%
Price/sqft:$776 vs avg $49995%
More Insights
Built in 1909 (116 years old).
Condition: Built in 1909, the property is explicitly described as 'ready for a full remodel' and the listing emphasizes its 'potential for increased density' and 'infill opportunity' on a large lot. The property analysis notes 'extensive remodel required' and that the 'age of structure' necessitates updates to 'all major systems.' The absence of interior photos further suggests the existing structure is not a selling point and is likely unlivable in its current state, with the value primarily residing in the land and its redevelopment potential.
Year Built
1909
Close
-
List price
$990K
Original List price
$1.1M
Price/Sqft
$776
HOA
-
Days on market
-
Sold On
-
MLS number
SR25127109
Home ConditionTear down
Features
View-
About this home
Charming 1-bedroom, 1-bath home with solid bones, ready for a full remodel, an ideal opportunity for investors or visionaries looking to create something special. Tucked away on a unique flag lot, the property sits on an expansive and secluded 32,447 sq ft lot, offering rare privacy and space. While the home is nestled in an established single-family residential neighborhood, it’s just moments from Garey Avenue with access to retail, commercial, and transit options. Preliminary discussions with the City of Pomona’s Planning Department, Fire Department, and Public Works indicate strong potential for increased density, making this a prime infill opportunity. Whether you’re looking to renovate, expand, or redevelop, the possibilities here are truly endless.
Condition Rating
Tear down
Built in 1909, the property is explicitly described as 'ready for a full remodel' and the listing emphasizes its 'potential for increased density' and 'infill opportunity' on a large lot. The property analysis notes 'extensive remodel required' and that the 'age of structure' necessitates updates to 'all major systems.' The absence of interior photos further suggests the existing structure is not a selling point and is likely unlivable in its current state, with the value primarily residing in the land and its redevelopment potential.
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 = 32456, living area = 1276.
Significant Redevelopment Potential: Preliminary discussions with the City of Pomona indicate strong potential for increased density, making this a prime infill opportunity for investors or developers.
Expansive & Private Lot: The property boasts a large and secluded 32,447 sq ft flag lot, offering rare privacy and ample space for expansion or multiple units.
Strategic Location: Located just moments from Garey Avenue, providing convenient access to retail, commercial services, and transit options.
Investment/Value-Add Opportunity: Explicitly described as an ideal opportunity for investors or visionaries looking to create something special, given its remodel-ready state and development potential.
Recent Price Adjustment: The listing price has been reduced from $1.1M to $990k, potentially indicating a more competitive offering or motivated seller.
Cons
Extensive Remodel Required: The existing 1909 home is explicitly stated as needing a 'full remodel,' implying significant capital investment and time for renovation.
Limited Current Dwelling: The property features only a 1-bedroom, 1-bath home, which is undersized relative to the large lot and potential, requiring substantial expansion or demolition for optimal use.
Age of Structure: Built in 1909, the existing structure is very old, likely necessitating updates to all major systems (plumbing, electrical, HVAC) during any remodel or redevelopment.