12278 5th, Yucaipa, California 92399, Yucaipa, 92399 - 2 bed, 1 bath
ACTIVE$599,000
12278 5th, Yucaipa, California 92399
2Beds
1Bath
1,294Sqft
82,764Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Development Potential: Zoned RM 72C on nearly 2 acres of flat land, the property offers significant development potential, with the seller indicating it could accommodate up to 15 units.
Top Cons:
Age and Condition of Primary Residence: The main single-family residence was built in 1922, suggesting it likely requires extensive renovation or may be considered a tear-down for development purposes.
Compared to the nearby listings
Price:$599.0K vs avg $575.0K (+$24,000)55%
Size:1,294 sqft vs avg 1,760 sqft28%
Price/sqft:$463 vs avg $33490%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property is in an unlivable condition. Images show boarded-up windows on both the single-family residence and the manufactured home, severely cracked pavement, peeling paint, and an extremely outdated and worn bathroom. The listing description explicitly highlights 'investment opportunity' and 'development opportunities' for the almost 2 acres of land, suggesting the value lies in the land for redevelopment rather than the existing structures, which appear to be beyond practical repair.
Year Built
1922
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$463
HOA
-
Days on market
-
Sold On
-
MLS number
CV25242157
Home ConditionTear down
Features
Good View: Neighborhood
ViewNeighborhood
About this home
INVESTMENT OPPORTUNITY AWAITS IN THE HEART OF YUCAIPA! Located on this almost 2 acres of flat land is a 2 bedroom 1 bath single family residence along with a 3 bedroom 2 bath manufactured home (1,344 Square feet, APN 0318-142-30-6000). Both have their own meters for electric and gas. Property also includes 2 additional outbuildings. Buyer to investigate feasibility of these structures. Looking for development opportunities? Seller has also mentioned this property can consist of up to 15 units. Property has easy street access and a beautiful view of the local mountains. Located just south of Yucaipa Boulevard near shopping areas, restaurants, transportation and all the amenities Yucaipa has to offer. Bring your tools, purpose and creativity to this canvas. Zones RM 72C
Condition Rating
Tear down
Built in 1922, this property is in an unlivable condition. Images show boarded-up windows on both the single-family residence and the manufactured home, severely cracked pavement, peeling paint, and an extremely outdated and worn bathroom. The listing description explicitly highlights 'investment opportunity' and 'development opportunities' for the almost 2 acres of land, suggesting the value lies in the land for redevelopment rather than the existing structures, which appear to be beyond practical repair.
Pros & Cons
Pros
High Development Potential: Zoned RM 72C on nearly 2 acres of flat land, the property offers significant development potential, with the seller indicating it could accommodate up to 15 units.
Income-Generating Dual Dwellings: Includes both a single-family residence and a manufactured home, each with separate electric and gas meters, providing immediate rental income or multi-generational living options.
Expansive Flat Lot: The property boasts an almost 2-acre (82,764 sqft) flat lot, ideal for current use, future expansion, or high-density development.
Strategic Location: Located in the heart of Yucaipa, south of Yucaipa Boulevard, offering convenient access to shopping, restaurants, transportation, and local amenities.
Scenic Mountain Views: The property features beautiful views of the local mountains, enhancing its aesthetic appeal and desirability.
Cons
Age and Condition of Primary Residence: The main single-family residence was built in 1922, suggesting it likely requires extensive renovation or may be considered a tear-down for development purposes.
Unverified Outbuildings: The property includes two additional outbuildings whose feasibility requires buyer investigation, implying potential non-permitted status or need for significant upgrades/permits.
Requires Significant Investment/Expertise: Marketed as an 'investment opportunity' and 'canvas,' this property is not turn-key and demands a buyer with specific development expertise, capital, and a willingness to undertake substantial projects.