688 E 11th Street, Pomona, California 91766, Pomona, - bed, bath

home-pic
ACTIVE$855,000
688 E 11th Street, Pomona, California 91766
3Beds
2Baths
1,612Sqft
16,156Lot
Year Built
1905
Close
-
List price
$855K
Original List price
$896K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24223080
Home ConditionFair
Features
View-

About this home

LAND! LAND! Prime Pomona Property with Expansive Lot and Development Potential! This is a rare opportunity to own a remarkable property in the heart of Pomona, boasting an impressive 16,156 sq. ft. lot. Perfectly positioned with convenient access to major freeways, including the 60, 10, and 71, this property combines suburban space with city convenience. The owner is currently in the process of subdividing the lot into two parcels, with final approval from the city pending—unlocking endless potential for the savvy investor or visionary homeowner. An ADU can be added to the parcel with the existing house. A second home can be built on the open parcel of land. Solar system installed in 2022 (Buyer to assume solar loan). With ample room for an ADU, or the freedom to design and build your dream home, this expansive lot opens the door to a range of possibilities. This is a must-see property, brimming with potential and poised to become your next great investment. Don’t miss out on this unique opportunity!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (96 Listings)
Beds33
50%
Baths22
50%
Square foot1,6121,383
65%
Lot Size16,1567,062
94%
Price$855K$692K
74%
Price per square foot$530$496
59%
Built year19051960
4%
HOA
Days on market364179
99%
Condition Rating
Fair

The property was built in 1905 and while it has solar panels installed in 2022, the images show an aged interior. The kitchen and bathrooms appear functional but outdated, suggesting the property requires minor updates or repairs. The overall condition reflects its age with some maintenance but no recent major renovations.
Pros & Cons

Pros

Large Lot with Development Potential: The property boasts a substantial 16,156 sq. ft. lot, offering significant development potential, including the possibility of subdividing and building an additional dwelling unit (ADU).
Convenient Location: Located in Pomona with easy access to the 60, 10, and 71 freeways, providing convenient commuting options and access to amenities.
Solar System: The property includes a solar system installed in 2022, potentially reducing energy costs for the buyer (buyer to assume solar loan).

Cons

Year Built: The property was built in 1905, which may require updates or renovations to meet modern standards and preferences.
Subdivision Pending Approval: The lot subdivision is currently pending final approval from the city, introducing a degree of uncertainty and potential delays for development plans.

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