1575 Arlene Way, Ramona, California 92065, Ramona, 92065 - 4 bed, 2 bath
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1575 Arlene Way
Ramona, California 92065
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,800Sq Ft
0Lot Size
Property Price
LIST PRICE$730,000
EST. MARKET VALUE
$682,898
6% AboveMARKET VALUE
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $730,000—positioned well above the $682,899 Fair Market Value by -6%. While the property requires updates due to its Fair Condition Rating, the dual-unit layout provides significant rental income potential. Featuring a large 7,928 sqft lot and private entrances, this asset is primed for value-add renovations. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand rental market.
Estimated Market Value
$682,898
Based on Realkey algorithm analyzing recent comparable sales in Ramona.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1575 Arlene Way Subject 4 bd · 2 ba · 1,800 sqft · $379 | $730,000* List Price | 4 | 2 | 1,800 | $379 | - |
A 722 8th Street Sold 4 bd · 2 ba · 1,560 sqft · $439 · 0.9 mi | $685,000 | 4 | 2 | 1,560 | $439 | 0.9 mi |
B 1340 H Street Sold 3 bd · 3 ba · 1,672 sqft · $362 · 0.3 mi | $605,000 | 3 | 3 | 1,672 | $362 | 0.3 mi |
C 1365 La Haina Street Sold 3 bd · 2 ba · 1,512 sqft · $364 · 0.3 mi | $550,000 | 3 | 2 | 1,512 | $364 | 0.3 mi |
D 1344 Oak Village Drive Sold 3 bd · 3 ba · 1,672 sqft · $380 · 0.3 mi | $635,000 | 3 | 3 | 1,672 | $380 | 0.3 mi |
E 1645 La Brea St. Pending 6 bd · 3 ba · 2,148 sqft · $321 · 0.4 mi | $689,000 List Price | 6 | 3 | 2,148 | $321 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1979 (45 years old) with no evidence of significant renovations. The property features dated systems including wall-mounted heaters and window AC units rather than central HVAC. Interior finishes like the carpeting and wall textures appear original, indicating the units likely require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7928, living area = 1800.
- Dual Income Potential
As a duplex with two separate 2-bedroom units, this property offers excellent flexibility for investors seeking dual rental income or owner-occupants looking to 'house-hack' by living in one unit while renting the other.
- Tenant Privacy and Convenience
Each unit features its own private entrance and dedicated laundry area, which are highly sought-after amenities that increase tenant satisfaction and long-term retention.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1979, the property may require updates to major systems or cosmetic renovations to compete with newer builds and command top-market rental rates.
- Compact Living Quarters
With approximately 900 square feet per 2-bedroom unit, the living spaces are relatively modest, which may limit appeal for larger families or those requiring more spacious interiors.
About 1575 Arlene Way
Great opportunity to own a duplex featuring two separate residential units with a combined approximately 1,800 square feet of living space! Each unit offers 2 bedrooms, 1 bathroom, its own laundry area, and a private entrance. The property provides ample parking in front, with plenty of space for both units, along with a shared, fenced backyard. Whether you’re looking for an investment opportunity or the flexibility of living in one unit while renting out the other, this duplex offers plenty of possibilities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,800 | 2,213.899 |
| Lot Size | - | 28,584.038 |
| Price | $730.0K | $845.8K |
| Price per sq ft | $406 | $404 |
| Built year | 1979 | 1989 |
| HOA | $0 | $190 |
| Days on market | 11 | 49 |
Pricing History
Listed for Sale
Oct 14, 2026
$730,000
Initial Listing