10108 24th Street, Rancho Cucamonga, California 91730, Rancho Cucamonga, 91730 - 2 bed, 1 bath
ACTIVE$599,900
10108 24th Street, Rancho Cucamonga, California 91730
2Beds
1Bath
792Sqft
7,125Lot
Price Vs. Estimate
The estimated value ($432,774.375) is $167,125.625 (27%) 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:
Potential Unpermitted Units/Conversions: The description mentions a garage conversion and an additional unit that 'appears to be' 2-bed/1-bath, while the property is classified as a 'Single Family Residence.' This strongly suggests unpermitted units, posing legal, financing, and insurance 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 explicitly noted in the MLS listing for its 'Advanced Age & Condition,' requiring 'significant capital expenditure for renovations, system upgrades, and deferred maintenance.' The exterior image shows a dated facade, worn concrete steps, and a visible window air conditioning unit, indicating a lack of central cooling and overall outdated systems. Without interior images, it's highly probable that the kitchen and bathrooms are severely outdated, requiring full renovation. The mention of potentially unpermitted units further suggests a need for substantial rehabilitation and compliance work. This property requires significant repairs and modernization to meet current living standards.
Year Built
1938
Close
-
List price
$600K
Original List price
$700K
Price/Sqft
$757
HOA
-
Days on market
-
Sold On
-
MLS number
IV25172490
Home ConditionPoor
Features
ViewNeighborhood
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 explicitly noted in the MLS listing for its 'Advanced Age & Condition,' requiring 'significant capital expenditure for renovations, system upgrades, and deferred maintenance.' The exterior image shows a dated facade, worn concrete steps, and a visible window air conditioning unit, indicating a lack of central cooling and overall outdated systems. Without interior images, it's highly probable that the kitchen and bathrooms are severely outdated, requiring full renovation. The mention of potentially unpermitted units further suggests a need for substantial rehabilitation and compliance work. This property requires significant repairs and modernization to meet current living standards.
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.
Strong Income Generation Potential: The property features three units with separate utilities, offering significant potential for rental income or owner-occupancy with supplementary income.
Desirable Rancho Cucamonga Location: Situated in a prime Rancho Cucamonga area, providing convenient access to local amenities and attractions.
Versatile Investment Opportunity: Marketed as suitable for both homeowners seeking income and pure investors, broadening its appeal.
Recent Price Reduction: A notable price drop from $699,900 to $599,900 indicates potential for a more attractive entry point and seller motivation.
Ample Parking: The property includes a driveway offering additional parking space, a valuable asset for a multi-unit dwelling.
Cons
Potential Unpermitted Units/Conversions: The description mentions a garage conversion and an additional unit that 'appears to be' 2-bed/1-bath, while the property is classified as a 'Single Family Residence.' This strongly suggests unpermitted units, posing legal, financing, and insurance risks.
Advanced Age & Condition: Built in 1938, the property is likely to require significant capital expenditure for renovations, system upgrades, and deferred maintenance to modernize and ensure compliance.
Valuation Discrepancy & Ambiguous Square Footage: The current listing price is 12% above the estimated market value. Furthermore, the stated 792 sqft for a three-unit property is exceptionally small, raising concerns about the actual livable space and the legality/size of individual units.