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Listed by Anthony Grynchal • eXp Realty of Greater Los Angeles
$ 5,350,000
Est. payment /mo
Pending
705 Pomello Drive Claremont, CA 91711
5 Beds
3 Baths
2,279 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,279 sqft
Price per Sqft $2,347
MLS Listing ID CV-25045344
Bedrooms 5
Full Baths 3
Year Built 1912
Lot Size 2.830 Acres
Property Sub-Type Duplex
Property Description
Prime Development & Investment Opportunity - 705 Pomello Drive, Claremont, CA Located in the prestigious North Claremont neighborhood, this expansive 123,263 square foot property, presents a rare opportunity for developers, investors, and homeowners. With two existing homes and significant subdivision potential, this estate is ideal for those looking to create a luxury residential enclave coupled with a historic home with modern enhancements. Property Highlights Two Existing Homes -Front Home 3 bedrooms, 2 bathrooms -Back Home 4 bedrooms, 3 bathrooms - Ample parking, including two covered garage spaces Historic Home with Character - Built in 1912, this home offers 2,279 square feet of living space with five bedrooms and three bathrooms - Classic architectural details provide an ideal canvas for restoration **Development Potential** - Zoned RS-10,000 with a new housing overlay zone - Potential to subdivide into up to ten lots (8 new plus one historic home) - Minimum 10,000 square feet per lot, with the potential to build 3,500 square foot homes with 1,000 square foot ADUs on each lot - Higher-density housing potential based on city planning initiatives Exceptional Location & Investment Potential - Proximity to top-rated Claremont schools, including Chaparral Elementary, El Roble Intermediate, and Claremont High School - Surrounded by nature and established luxury homes, offering a balance of privacy and convenience - Close to Claremont Village, known for its shopping, dining, and community atmosphere - Easy access to major highways and public transportation Valuation Insights - Estimated value per RS 10,000 subdivided lot: $600,000 - Historic home valued at $850,000 - Infrastructure and development costs estimated at $300,000 - Total estimated property value: $5,350,000 A rare opportunity to develop, invest, or create a private estate in one of Claremont's most desirable locations.
Location
State CA
County Los Angeles
Area 683 - Claremont
Zoning CLRA1*
Interior
Heating See Remarks
Cooling See Remarks
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 2.0
Pool None
Community Features Suburban
View Y/N Yes
View Mountain(s)
Building
Lot Description Cul-De-Sac, Yard, Back Yard
Sewer None
Others
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