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.
