12406 2nd Street, Yucaipa, California 92399, Yucaipa, 92399 - 0 bed, 0 bath
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Yucaipa, California 92399
This 4-unit High-Potential Investment Opportunity is listed at $665,000—positioned well below the $578,940 Fair Market Value by -14%. While the property maintains a Fair Condition Rating due to its 1958 construction, the individual gas and electric meters provide a significant operational advantage. The unit configuration offers a stable rental foundation, though interior modernization is recommended to maximize long-term yields. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on Yucaipa’s rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12406 2nd Street Subject | $665,000* List Price | 0 | 0 | 2,000 | $289 | - |
A 35372 Avenue E Sold | $572,865 | 0 | 0 | 1,779 | $322 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1958, making it over 65 years old. While the carport and stairs were renovated in 2017, the lack of mentioned updates to the unit interiors (kitchens/bathrooms) or major systems like HVAC and electrical suggests the property is dated and requires modernization. It remains functional as an investment but falls into the 'Fair' category due to age and the need for minor to moderate repairs/updates to meet current market standards.
Priced at $665,000, the property sits below the estimated market value for both 5% and 6% cap rates, offering immediate equity potential and attractive cash flow for investors.
The inclusion of individual gas and electricity meters for each unit significantly reduces landlord overhead and simplifies property management by shifting utility costs to tenants.
Proximity to downtown Yucaipa and local shopping centers enhances tenant desirability and supports long-term occupancy rates in a thriving neighborhood.
Originally constructed in 1958, the property may require ongoing capital expenditures for the maintenance or replacement of older mechanical, plumbing, and electrical systems.
With an average unit size of approximately 500 square feet, the small footprint may limit the tenant demographic to individuals or couples and could cap future rental increases.
An exceptional investment opportunity awaits in the thriving neighborhood of Yucaipa. This 4-unit property features a comfortable layout, with each unit comprising 1 bedroom and 1 bathroom, as well as individual gas and electricity meters. Conveniently located near shopping centers and downtown Yucaipa, it offers both practicality and potential. The carport area and stairs underwent renovations in 2017, providing updated conveniences. The backyard includes 4 designated carport parking spaces. Estimated property value stands at $803k based on a 5% cap rate or $670k for a 6% cap rate, making this a promising addition to any investment portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,000 | 1,889.5 | 50% |
| Lot Size | 10,400 | 16,362 | 25% |
| Price | $665.0K | $618.9K | 50% |
| Price per sq ft | $332 | $327 | 50% |
| Built year | 1958 | 1946 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 174 | 25% |
May 27, 2026
$665,000
Initial Listing
Oct 16, 2017
$375,000
Public Record
Feb 6, 2006
$450,000
Public Record
Oct 31, 2003
$162,500
Public Record