1286 Lovers Lane, Rimforest, California 92378, Rimforest, 92378 - 3 bed, 3 bath
ACTIVE$420,000
1286 Lovers Lane, Rimforest, California 92378
3Beds
3Baths
960Sqft
11,637Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: The property is a triplex featuring three distinct cabins, providing diversified income streams and a strong investment opportunity for rental income.
Top Cons:
Advanced Age of Property: Built in 1945, the property is 80 years old, indicating a high probability of requiring significant capital investment for system upgrades, structural repairs, and deferred maintenance.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this triplex is aged. While some cosmetic updates like fresh paint and newer laminate/LVP flooring are present, the kitchens and bathrooms are significantly dated with older appliances, basic cabinets, laminate countertops, and older tile. Heating is via wall-mounted units, not central HVAC. The property is functional and appears maintained, but requires substantial modernization and upgrades to meet current standards and maximize its investment potential, aligning with the 'Fair' category where major components are functional but show signs of being outdated, and minor updates are required.
Year Built
1945
Close
-
List price
$420K
Original List price
$420K
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
IG25247358
Home ConditionFair
Features
Good View: Trees/Woods
Deck
Patio
ViewTrees/Woods
About this home
Attention investors! Discover an unparalleled investment opportunity with this triplex featuring three enchanting cabins. Situated in a prime location, this property has endless potential. The properties proximity to highway 18 allows for convenient access to the national forest as well as local resorts, amusement parks and other local businesses. These cabins present a unique investment prospect. Don't miss out on this chance to own a lucrative piece of paradise – seize the opportunity to invest in this triplex today!
Condition Rating
Fair
Built in 1945, this triplex is aged. While some cosmetic updates like fresh paint and newer laminate/LVP flooring are present, the kitchens and bathrooms are significantly dated with older appliances, basic cabinets, laminate countertops, and older tile. Heating is via wall-mounted units, not central HVAC. The property is functional and appears maintained, but requires substantial modernization and upgrades to meet current standards and maximize its investment potential, aligning with the 'Fair' category where major components are functional but show signs of being outdated, and minor updates are required.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a triplex featuring three distinct cabins, providing diversified income streams and a strong investment opportunity for rental income.
Strategic Location & Accessibility: Situated in a prime location with convenient access to Highway 18, national forests, local resorts, amusement parks, and businesses, enhancing its appeal for tenants or vacationers.
Natural Scenic Views: Boasts desirable 'Trees/Woods' views, contributing to a tranquil environment and increasing its attractiveness, especially for cabin-style rentals.
High Investment Potential: Explicitly marketed as an 'unparalleled investment opportunity' with 'endless potential,' making it highly attractive to investors seeking growth and returns.
Versatile Rental Market: The cabin style and location are well-suited for both long-term residential tenants and short-term vacation rentals, offering flexibility in maximizing occupancy and revenue.
Cons
Advanced Age of Property: Built in 1945, the property is 80 years old, indicating a high probability of requiring significant capital investment for system upgrades, structural repairs, and deferred maintenance.
Compact Unit Sizes: With a total of 960 sqft for three units, individual cabin sizes are approximately 320 sqft, which may limit tenant appeal or rental rates compared to larger accommodations.
Implied Renovation Requirements: The description's focus on 'potential' for investors, combined with the property's age, strongly suggests that substantial renovation or modernization efforts will be necessary to maximize its value and rental income.