
Waterford, CA 95386
Analysis of 10355 Pellerin Road, Waterford, CA 95386 is currently available with a list price of $1,095,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Waterford Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1976, the interior of both homes on this property have been completely gutted to the studs and require a total rehabilitation. There are currently no functional kitchens, bathrooms, or completed HVAC/electrical systems, making it unlivable in its current state despite recent roof updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 131551, living area = 4121.
The property features two separate homes totaling approximately 7,000 square feet, providing exceptional flexibility for multi-generational living, guest housing, or significant rental income potential.
Situated on a prime 3-acre parcel with the option to purchase an adjoining 3-acre lot, this estate offers rare privacy and the potential to create a massive 6-acre private compound.
The homes are currently in a gutted state, requiring a complete top-to-bottom renovation which demands significant capital, time, and contractor oversight before the property is habitable.
While the property features a newer deep well, it lacks the necessary equipment to be functional, adding an immediate technical and financial hurdle for the buyer to address.
Incredible Estate Potential! Rare opportunity to acquire a prime 3-acre parcel featuring two separate homes encompassing approximately 7,000 square feet of combined living space. The spacious main home offers 4 bedrooms, 4 bathrooms, and approximately 4,121 square feet of living space, along with an attached 4-car garage and a built-in pool and spa. The second residence provides ideal flexibility for a guest house, multi-generational living, rental income, or endless other potential uses. Both homes have been gutted and are ready for a complete, custom renovation throughout, providing a blank canvas for contractors, investors, or buyers looking to build their dream custom estate. Property highlights include roofs updated in the last few years and a newer deep well (equipment needed to finish). Additionally, the adjoining 3-acre parcel within the shared fence perimeter is also available for purchase, offering the potential to expand your private acreage even further. Endless possibilities await!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 4.0 | 2.4 |
| Square foot | 4,121 | 1,816.692 |
| Lot Size | 131,551 | 8,565.077 |
| Price | $1.09M | $482.8K |
| Price per sq ft | $266 | $292 |
| Built year | 1976 | 2003 |
| HOA | $0 | $99 |
| Days on market | 4 | 40 |
Sep 5, 2026
$1,095,000
Initial Listing
Jul 12, 2024
$1,175,000
Public Record
Dec 3, 2004
$365,000
Public Record