1102 California Avenue, Los Banos, California 93635, Los Banos, 93635 - 2 bed, 1 bath
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Los Banos, California 93635
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $360,000—positioned above the $344,128 Fair Market Value. While the price reflects a premium, the property’s Fair Condition Rating and 6,565 sq ft corner lot provide significant value-add potential through modernization and possible ADU development. With strong local rental demand and a functional great-room layout, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build long-term equity in the Los Banos market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1102 California Avenue Subject | $360,000* List Price | 2 | 1 | 1,180 | $292 | - |
A 956 J Sold | $415,000 | 2 | 1 | 1,116 | $372 | 0.7 mi |
B 941 Granada Sold | $405,000 | 3 | 2 | 1,382 | $293 | 0.6 mi |
C 410 Orange Avenue Sold | $389,900 | 3 | 2 | 1,220 | $320 | 0.8 mi |
D 517 Pinion Street Active | $430,000 List Price | 3 | 2 | 1,336 | $322 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1929, the property shows signs of a mid-life renovation approximately 20-25 years ago, evidenced by the oak cabinetry and tile flooring. While functional and move-in ready, the kitchen and systems (including a roof-mounted cooling unit) are dated and will require modernization. The home is well-maintained for its age but falls into the fair category due to the age of the last major updates.
The generous 6,500+ sq ft corner lot features alley access, offering significant potential for an Accessory Dwelling Unit (ADU) or expansion to increase property value and utility.
With a competitive price point and projected rental income of approximately $2,000 per month, this property presents an attractive opportunity for investors seeking high yield and long-term appreciation.
The interior boasts an inviting open-concept layout with a fireplace and indoor laundry, providing a more modern and spacious feel than typically found in homes of this era.
Built in 1929, the home's age may necessitate updates to major systems such as plumbing or electrical to meet modern standards and ensure long-term reliability.
The 2-bedroom, 1-bathroom configuration may limit the property's appeal to larger families or buyers requiring dedicated office space, potentially impacting future resale velocity.
Welcome to 1102 California Ave, a charming 2-bedroom, 1-bath home set on a generous corner lot in the heart of Los Banos. Offering approximately 1,180 sq ft of living space on a 6,500+ sq ft lot, this property blends character, functionality, and future potential. The home features an inviting great-room layout with fireplace, tile flooring, an open kitchen with ample cabinetry, indoor laundry, a 1-car garage, storage sheds, alley access, and expansive outdoor space ideal for entertaining, gardening, additional parking, or possible ADU potential, buyer to verify. Beyond the home itself, Los Banos continues to attract buyers seeking affordability, space, and value compared to surrounding Bay Area markets, while still offering convenient commuter access via Hwy 152. Located near shopping, schools, parks, restaurants, and everyday conveniences, this property presents an exceptional opportunity for first-time buyers, downsizers, or investors alike. Historically, rental demand in the area has remained strong, with similar single-family homes often renting in the approximate $2000/month range, making this not only a wonderful place to call home but also an attractive long-term investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 1,180 | 1,558 | 17% |
| Lot Size | 6,565 | 6,164 | 71% |
| Price | $360.0K | $438.0K | 10% |
| Price per sq ft | $305 | $280 | 71% |
| Built year | 1929 | 2003 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 152 | 2% |
May 27, 2026
$360,000
Initial Listing
Nov 5, 2020
$237,500
Public Record