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$ 5,350,000
Est. payment | /mo
5 Beds
3 Baths
2,279 SqFt
$ 5,350,000
Est. payment | /mo
5 Beds
3 Baths
2,279 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 2,279 sqft
Price per Sqft $2,347
MLS Listing ID CV25045344
Style Townhome
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1912
Lot Size 2.830 Acres
Acres 2.8297
Property Sub-Type Townhome
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
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 Claremonts most desirable locations.
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 Claremonts most desirable locations.
Location
State CA
County Los Angeles
Area Claremont (91711)
Zoning CLRA1*
Interior
Cooling Other/Remarks
Exterior
Garage Spaces 2.0
View Mountains/Hills, Neighborhood
Total Parking Spaces 2
Building
Lot Description Cul-De-Sac
Story 1
Sewer None
Water Public
Level or Stories 1 Story
Others
Miscellaneous Suburban
Acceptable Financing Land Contract
Listing Terms Land Contract
Special Listing Condition Standard
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Listed by Anthony Grynchal • eXp Realty of Greater Los Angeles
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12750 High Bluff Dr. #300, San Diego, California, 92130, USA