1406 Prospect Pomona, CA $ 1,475,000
1406 Prospect
$ 1,475,000
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1406 Prospect

Pomona, CA, 91766
$ 1,475,000
Baths1.0 Sq 2,040

Monthly Estimate*

$ 9,082

Listed by CENTURY 21 CITRUS REALTY INC
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Studio

Multi-Family Home for sale in Pomona, CA

for $1,475,000 with 1 full bath. This 2,040 square foot home was built in 1926 on a lot size of 0.9398.

Welcome to 1402,1404 & 1406 Prospect Drive, a 40,939 Square foot parcel! Almost 1 acre!! This parcel features 3 houses on a lot which consist of a fully remodeled single family home with 2 bds and 1 bath @$2,750mo: A 2bdrm 1 ba w/ 1 car garage @ $2,700 mo: And a 1 bdrm 1 bath @ $1,800 mo. Three separate houses with a view! Currently generating at total $7,250 mo. per month in rental income. Most buyers evaluate this property with the in-place income. The property offers significant development potential to build up to 20 units with plenty of parking. However, to simplify requirements per the city it would be more economical to streamline and build 10-15 units at approximately 750 Square Ft or less. The property has 3 additional concrete areas for parking. 1 area is a 5000SF+-, 2nd area is 4000SF+- and the 3rd area is 3000SF+-. The potential of building 10- 15 additional 2 bd, 1 1/2 bath units would potentially create an opportunity for returns exceeding a 20% CAP Rate! You can collect rents while you work on your development and entitlement plans. $200,000 plus in recent capital improvements, new interior, exterior paint, flooring, cabinets, electrical, plumbing and windows. Buyers to verify all development possibilities and aspects with the City of Pomona.

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Multi-Family Active

Price

$ 1,475,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.9398

Year Built

1926

Town/City

Pomona

County/Region

Los Angeles

MLS | Web ID

CV26119739

Days on Market

1

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected
Roof Composition
Garage Spaces 1
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Stucco
Year Built 1926
Tenant Pays All Utilities
Property Subtype Triplex
Gross Income 87000
Community Features Biking Foothills Golf Hiking Park Street Lights Valley
County Los Angeles
Net Operating Income 75000
Operating Expense 12000
Insurance Expense 4000
New Construction false
Property Type Residential Income
Contingency Must be sold with 1390 Prospect Drive Pomona Buyer to Cooperate with sellers 1031 Exchange
Garage Y/N true
Other Structures Storage
Special Listing Conditions Standard
Status Active
Directions East of the 71 Freeway. Cross street is Phillips Blvd.
City Pomona
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 12
Number Of Units Total 3
MLS Area 687 - Pomona
Lot Size Units Square Feet
Lot Size Square Feet 40939
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Cash to New Loan Submit
Property Attached Y/N true
Land Lease Y/N false
Fuel Expense 0
Property Condition Updated/Remodeled Turnkey
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 5
Total Actual Rent 7250
Property Sub Type Additional Triplex
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Interior
Flooring Wood
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Inside
Entry Level 1
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Exterior
Parking Features Assigned Boat Concrete Driveway On Site Oversized Deck RV Potential Workshop in Garage
Lot Features Front Yard Gentle Sloping
Water Source Public
Total Parking 14
Lot Size Area 40939
Number of Buildings 3
Building Area Total 2040
Lot Size Acres 0.9398
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3
Road Frontage Type City Street
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* Excluded Features
List By
Century 21 Citrus Realty Inc

Broker

albert@c21citrus.com

Email

Affordability Calculator

$9,082
Per Month
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Monthly Principal & Interest
$9,082
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$1,475,000 Listed Price

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1406 Prospect, Pomona, CA, 91766 is a Multi-Family Home for sale at $1,475,000 with 2,040 sqft and a lot size of 0.9398. 1406 Prospect is a studio with 1.0 baths and was built in 1926. The property's zip code is 91766 which is in Pomona, CA