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Prime Development & Investment Opportunity – 705 Pomello Drive, Claremont, CALocated 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 HighlightsTwo 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.
Property Type(s):
Multi Family
| Last Updated | 3/10/2025 | Year Built | 1912 |
|---|---|---|---|
| Community | Claremont | Garage Spaces | 2.0 |
| County | Los Angeles |
SCHOOLS
| School District | Claremont Unified |
|---|
Additional Details
| AIR | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Claremont |
| GARAGE | Yes |
| HEAT | See Remarks |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 2.83 acre(s) |
| LOT DESCRIPTION | Back Yard, Cul-De-Sac, Yard |
| POOL DESCRIPTION | None |
| SEWER | None |
| STORIES | 1 |
| UTILITIES | Sewer Not Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s),Neighborhood |
| WATER | Public |
| ZONING | CLRA1* |
Location
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Listed with eXp Realty of Greater Los Angeles
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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