1390 Prospect, Pomona, CA 91766
1390 Prospect, Pomona, CA 91766
Property Description
Welcome to 1390 Prospect Drive, an 88,182 Square foot parcel! (2.2 Acres) featuring a fully renovated single family home and studio guest house with a view and pool currently generating $5,000 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 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 plans. $100,000 plus in recent capital improvements, new interior, exterior paint, cabinets, electrical, plumbing and windows.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Pomona · Single Family Residence
Listed 132.6% above the median closed sale of $720,000. Price per sqft ($1,151) is a 142% premium to closed comps ($476). Closed comps sold at 93% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 141 Magnolia | Pomona | 1947 | 3 | 1 | 971 | 6,102 | $596 | $579,000 | 9 | 58 |
| 575 Fernleaf | Pomona | 1959 | 2 | 2 | 1,026 | 5,726 | $633 | $649,900 | 2 | 58 |
| 257 Las Brisas Circle | Pomona | 1984 | 2 | 2 | 960 | 2,336 | $516 | $495,000 | 26 | 49 |
| 730 9th | Pomona | 1908 | 2 | 1 | 1,140 | 5,977 | $531 | $605,000 | 3 | 47 |
| 1502 White Avenue | Pomona | 1936 | 2 | 1 | 1,060 | 6,554 | $594 | $629,999 | 23 | 47 |
| Total: 5 · Average | 2.2 | 1.4 | 1,031.4 | 5,339 | $574 | $591,779.8 | 12.6 | |||
| Median | 1,026 | $605,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 503 Garden Avenue | Pomona | 2013 | 09/22/2026 | 3 | 2 | 1,831 | 8,801 | $785,000 | $800,000 | $437 | 1.02 | 104 | 57 |
| 2011 Armour | Pomona | 1952 | 10/05/2026 | 3 | 2 | 1,266 | 8,045 | $670,000 | $530,000 | $419 | 0.79 | 111 | 54 |
| 165 Columbia Avenue | Pomona | 1914 | 09/21/2026 | 3 | 1 | 1,470 | 7,918 | $750,000 | $680,000 | $463 | 0.91 | 73 | 51 |
| 2196 Orange Grove Avenue | Pomona | 1937 | 09/30/2026 | 3 | 1 | 1,631 | 11,953 | $749,000 | $720,000 | $441 | 0.96 | 158 | 50 |
| 3819 Phillips Blvd. | Pomona | 1982 | 09/22/2026 | 2 | 2 | 1,210 | 23,496 | $779,000 | $753,000 | $622 | 0.97 | 52 | 49 |
| Total: 5 · Average | 2.8 | 1.6 | 1,481.6 | 12,042.6 | $696,600 | $696,600 | $476.4 | — | 99.6 | ||||
| Median | 1,470 | $720,000 | $720,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.