10108 24th Street, Rancho Cucamonga, California 91730, Rancho Cucamonga, 91730 - bed, bath
ACTIVE$599,900
10108 24th Street, Rancho Cucamonga, California 91730
0Bed
0Bath
792Sqft
7,125Lot
Price Vs. Estimate
The estimated value ($448,619.135) is $151,280.865 (25%) lower than the list price ($599,900). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7125, living area = 792.
Top Cons:
Legal/Permitting Discrepancy: The property is listed as a 'Single Family Residence' but described as having '3 Units,' including a 'garage conversion.' This significant discrepancy strongly suggests unpermitted units, posing legal, financing, and safety risks.
Compared to the nearby listings
Price:$599.9K vs avg $722.5K ($-122,550)9%
Size:792 sqft vs avg 1,470 sqft1%
Price/sqft:$757 vs avg $49298%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, this property is 86 years old and shows significant signs of age and deferred maintenance on the exterior, including faded paint, an old roof, and overgrown landscaping. The MLS description explicitly highlights 'Age of Property & Renovation Needs,' stating it 'likely requiring substantial investment in updating infrastructure (plumbing, electrical), addressing potential hazardous materials, and general modernization.' While no interior photos are provided, the property's age and the description strongly indicate that the kitchen and bathrooms are severely outdated and require full renovation. The presence of unpermitted units (a garage conversion and three units in a mere 792 sqft) further suggests potential safety, structural, and code compliance issues, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation due to significant defects affecting safety, soundness, or structural integrity.
Year Built
1938
Close
-
List price
$600K
Original List price
$700K
Price/Sqft
$757
HOA
-
Days on market
-
Sold On
-
MLS number
IV25171378
Home ConditionPoor
Features
Good View:
View-
About this home
Fantastic Opportunity for Homeowner or Investor. All 3 Units Have Separate Utilities. Live in 1 and generate Income with the other, endless possibilities. Single level home has 2 bedrooms and 1 bath on the Corner. The 2nd is a garage conversion. The 3rd appears to be a 2 bedroom with 1 bathroom. The driveway offers additional parking space. Rancho Cucamonga Location That’s Close To Everything That Rancho Cucamonga, California Offers!
Condition Rating
Poor
Built in 1938, this property is 86 years old and shows significant signs of age and deferred maintenance on the exterior, including faded paint, an old roof, and overgrown landscaping. The MLS description explicitly highlights 'Age of Property & Renovation Needs,' stating it 'likely requiring substantial investment in updating infrastructure (plumbing, electrical), addressing potential hazardous materials, and general modernization.' While no interior photos are provided, the property's age and the description strongly indicate that the kitchen and bathrooms are severely outdated and require full renovation. The presence of unpermitted units (a garage conversion and three units in a mere 792 sqft) further suggests potential safety, structural, and code compliance issues, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation due to significant defects affecting safety, soundness, or structural integrity.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7125, living area = 792.
Income Potential: The property is described as having 3 units with separate utilities, offering a significant opportunity for an owner-occupant to generate rental income or for an investor to maximize returns.
Desirable Location: Located in Rancho Cucamonga, a sought-after area, the property is close to amenities and attractions, enhancing its appeal to both residents and potential tenants.
Separate Utilities: All three units are stated to have separate utilities, simplifying management and billing for landlords and providing clear cost separation for tenants.
Price Reduction: The list price has been reduced from $699,900 to $599,900, indicating a potential value opportunity for buyers and increased motivation from the seller.
Additional Parking: The driveway offers additional parking space, a valuable amenity for a multi-unit property or a home with multiple occupants.
Cons
Legal/Permitting Discrepancy: The property is listed as a 'Single Family Residence' but described as having '3 Units,' including a 'garage conversion.' This significant discrepancy strongly suggests unpermitted units, posing legal, financing, and safety risks.
Extremely Low Listed Square Footage: With a listed square footage of only 792 sqft for three described units, the property is either extremely cramped or the listed square footage does not include the converted units, which further complicates appraisal and legality.
Age of Property & Renovation Needs: Built in 1938, the property is very old, likely requiring substantial investment in updating infrastructure (plumbing, electrical), addressing potential hazardous materials, and general modernization to meet current living standards and safety codes.