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  • 1406 Prospect

1406 Prospect, Pomona, CA 91766

$1,475,000 Approx. USD 0 beds, 0 baths
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Photo of Lori Meltzer

Lori Meltzer REALTOR® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com Text Me
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Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Albert Rodriguez | albert@c21citrus.com
Lic#: 01250095
Broker: Courtesy of CENTURY 21 CITRUS REALTY INC
Phone: 909-592-8500

Agent Remarks

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 bd, 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. Lot lines in photos are approximate. Please review supplements. Buyers to verify all development possibilities and aspects with the City of Pomona.

Listing Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# CV26119739
Price: $1,475,000
Beds: 0
Baths: 0
Built in 1926
0.94 acres
Lot size: 0.9398
County: Los Angeles
Property style: Traditional
Construction: Frame,Stucco
Parking description: Assigned,Boat,Concrete,Driveway,On Site,Oversized,Deck,RV Potential,Workshop in Garage
Lot description: Front Yard,Gentle Sloping
Heating/cooling: Central Air,Wall/Window Unit(s)
Heating description: Central
MLS area: 687 - Pomona

Last Updated: 6/12/2026

 Days On Market (DOM): 15

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This listing belongs to the 687 - Pomona MLS area

The style of this listing is Traditional.
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Lat/Long: 34.044195, -117.769488.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lori Meltzer

Lori Meltzer REALTOR® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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