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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$5,350,000

Est. payment - /mo

5 Beds

3 Baths

2,279 SqFt

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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 CV25045344

Bedrooms 5

Full Baths 3

HOA Y/N No

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*

Rooms

Main Level Bedrooms 5

Interior

Interior Features All Bedrooms Down

Heating See Remarks

Cooling See Remarks

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

Utilities Available Sewer Not Available

View Y/N Yes

View Mountain(s), Neighborhood

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Cul-De-Sac, Yard

Dwelling Type Duplex

Story 1

Entry Level One

Sewer None

Water Public

Level or Stories One

New Construction No

Schools

School District Claremont Unified

Others

Senior Community No

Tax ID 8673020012

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard

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Listed by Anthony Grynchal eXp Realty of Greater Los Angeles anthony.grynchal@gmail.com

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705 Pomello DR Claremont, CA 91711