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420 N Reservoir St
For Sale $899,000
$899,000
- Units
- Unknown Sq Ft
- 7,997 Sq Ft
- Unknown Cap Rate
Description
PRICE REDUCED! Create, convert, or build. This rare two-building property in the heart of Pomona’s Opportunity Zone offers compelling flexibility for value-add investors and builders. The site features a primary structure currently configured with 11 bedrooms and 2 bathrooms, an open common area, and an open kitchen, plus a second free-standing structure used for storage. With city verification, the property presents a path to build up to 12 residential units or pursue a full redevelopment that aligns with neighborhood needs and long-term growth. Opportunity Zone location. Potential capital gains tax incentives for qualifying investors. Buyer to verify eligibility and program guidelines.
Development pathway. Potential to build up to 12 units, subject to city approval. Multi-use flexibility. Explore co-living, workforce housing, student housing, community-serving uses, or a creative campus, pending permits and zoning compliance. Two structures on one lot. Primary building with 11 bedrooms, 2 baths, open area, and open kitchen, plus a separate storage building. Prime Pomona position. Convenient access to major employment, education, and transportation corridors that support strong tenant and user demand. Value-add upside. Reconfigure the existing layout for income now while advancing entitlements for long-term growth.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $899,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1912 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 8326020024 |
| MLS # | CV25177764 |
| Property ID | 291747976 |
| Lot Sqft | 7,997 |
| Zoning | Call City |
| Days on Market | 189 |
| Original List Price | $1,040,000 |
| Date Updated | November 03, 2025 |
| Date Created | August 06, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stephanie Velez an agent of . Lic #01267227
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 03, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT