
San Miguel, California 93451
This property presents a High-Potential Investment Opportunity with a List Price of $445,000—positioned well below the $451,203 Fair Market Value by 1%. This valuation gap offers $6,203 in Instant Equity. While the home has a Condition Rating of 5, the 7,500 sq. ft. RSF-zoned lot and ADU potential provide significant upside. With infrastructure upgrades like copper plumbing and a newer roof, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1420 K Subject 2 bd · 1 ba · 768 sqft · $563 | $430,000* List Price | 2 | 1 | 768 | $563 | - |
A 1560 Bonita Place Active 3 bd · 1 ba · 1,015 sqft · $492 · 0.3 mi | $499,000 List Price | 3 | 1 | 1,015 | $492 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property requires a full interior rehab. While the roof and plumbing systems have been updated, the kitchen is severely dated and missing appliances, and the living areas show significant wear with stained carpeting and wall damage, fitting the criteria for a 30-50 year old renovation state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 768.
The property features a newer roof and updated plumbing, including copper interior lines and newer exterior connections, reducing the need for immediate major capital expenditures.
The generous 7,500 sq. ft. lot with alley access and RSF zoning provides an excellent opportunity for expansion or the addition of an ADU, subject to county approval.
The home requires significant updating and TLC, indicating that buyers will need to invest additional time and capital into interior improvements and modernization.
At only 768 square feet, the current 2-bedroom, 1-bathroom footprint is quite compact, which may limit its appeal to larger families or those seeking more spacious living areas.
Great Opportunity in San Miguel! Located in the heart of San Miguel, 1420 K Street offers an excellent opportunity for a buyer looking to add value and make a property their own. The home needs some updating and TLC, but much of the value is found in the lot, location, and several important improvements that have already been completed. The property features a newer roof, newer exterior plumbing, and interior plumbing that has been converted to copper. The home is also connected to city sewer, eliminating the maintenance and concerns associated with a septic system. Outside, you'll find a newer fence and convenient alley access to the backyard, providing flexibility for parking, storage, future improvements, or easier backyard access. The approximately 7,500 sq. ft. RSF-zoned lot may also offer potential for an additional dwelling or ADU, subject to County approval and applicable development requirements. The location is another great feature—approximately two blocks from the local school and just one block from the neighborhood park and community pool. For buyers willing to put in some work, this is an opportunity to improve a property while benefiting from upgrades that have already been completed. Whether you're looking for a primary residence, investment property, renovation project, or a property with potential for additional development, 1420 K Street is worth a look. Bring your ideas and see what this San Miguel property could become!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.6 |
| Baths | 1.0 | 2.1 |
| Square foot | 768 | 1,527.6 |
| Lot Size | 7,500 | 7,524.5 |
| Price | $430.0K | $643.9K |
| Price per sq ft | $560 | $405 |
| Built year | 1952 | 1989 |
| HOA | $0 | $46 |
| Days on market | 45 | 69 |
Oct 1, 2026
$430,000
$445,000
-3% Price Drop
Initial Listing
Sep 9, 2026
$445,000
Initial Listing