705 Pomello Drive

Claremont, CA 91711

PRICE REDUCED

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-$350,000 (-6.14%)

$5,350,000

List Price

5

bed Beds

3

shower Baths

2,279 sqft

straighten / sqft

1912

calendar_month Built

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.

Listing Information

List Price $5,350,000
Status Active
MLS CV25045344
HOA $0
Type Residential
Subtype Duplex
Year Built 1912
Lot Size 123,263
Structure Size 2,279
Courtesy Of eXp Realty of Greater Los Angeles
Listing Agent Anthony Grynchal DRE#01873626

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 3
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type See Remarks
Heating Type
Heating Type See Remarks

Exterior Information

Other Structures
Views Mountain(s), Neighborhood

Maps

home_work Nearby Properties

Listing information courtesy of: Anthony Grynchal, eXp Realty of Greater Los Angeles . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 10th, 2025 at 7:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.