
Ramona, California 92065
This property presents a High-Potential Investment Opportunity with a List Price of $775,000—positioned well below the $788,440 Fair Market Value by 1.7%. This valuation gap offers $13,440 in Instant Equity. Featuring a VR-20 Zoning designation on a 0.72-acre lot, the asset includes a main home and a permitted ADU. With a Condition Rating of 5, the property requires a full interior overhaul, making it an ideal project for Buy-and-Hold Investors or Contractors seeking significant value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 La Brea St. Subject | $689,000* List Price | 6 | 3 | 2,148 | $367 | - |
A 817 Davis Pending | $849,000 List Price | 4 | 2 | 1,827 | $465 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 with no evidence of major renovations, this property exceeds the 30-50 year threshold for rehab. The kitchen and bathrooms are significantly dated with original-style cabinetry and worn vinyl flooring. The 'as-is' status, missing closet doors, and visible ceiling stains indicate a need for a full interior overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31363, living area = 2148.
High School: Mountain Valley Academy (9/10).
The property features a main 4-bedroom home and a permitted 2-bedroom ADU on a single lot, offering immediate rental income opportunities or a perfect setup for multigenerational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2148, other record living area = 1508. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
Both homes are being sold in as-is condition, which likely necessitates additional capital investment for repairs, modernizations, or deferred maintenance.
With the original structures dating back to 1967, the property may require significant system upgrades to meet modern standards and efficiency.
Two Homes on One Lot! • 0.72-acre lot | VR-20 zoning • Main home: 1,508 sq. ft. | 4 BD | 2 BA • Permitted ADU: 640 sq. ft. | 2 BD | 1 BA • Potential for rental income or multigenerational living • Land use designation allows up to 20 dwelling units/acre • Walking distance to stores, restaurants & shopping • Both homes sold as-is • Excellent investment, development & value-add potential
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades K-6 • 4.4 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.5 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,148 | 2,238.953 |
| Lot Size | 31,363 | 27,218.063 |
| Price | $689.0K | $841.5K |
| Price per sq ft | $321 | $413 |
| Built year | 1967 | 1988 |
| HOA | $0 | $189 |
| Days on market | 86 | 54 |
Aug 16, 2026
$689,000
$775,000
-11% Price Drop
Initial Listing
Jul 21, 2026
$775,000
$795,000
-3% Price Drop
Initial Listing
Jun 15, 2026
$795,000
Initial Listing
Nov 17, 1998
$165,000
Public Record