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 Claremonts most desirable locations.