Prime Development &#38' 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 &#38' 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.