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1803 Mitchell Avenue, Selma, California 93662, Selma, 93662 - bed, bath

1803 Mitchell Avenue, Selma, California 93662 home-pic-0
ACTIVE$685,000
1803 Mitchell Avenue, Selma, California 93662
0Bed
0Bath
1,175Sqft
79,715Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multiple Income Streams: The property features three distinct homes, providing immediate and diversified rental income opportunities for investors.
Top Cons:
Septic System Dependency: All three homes rely on septic tanks, necessitating buyer verification of the cost and process for connecting to the city sewer, which could be a significant expense.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1940 (85 years old).
Condition: The property was built in 1940, making it over 80 years old. While the description states the homes are currently rented and can be 'cleaned up & rented out fast,' implying functionality, the lack of interior photos and mention of 'original hardwood floors' and 'vibrant tile countertops' (suggesting an older renovation or style) indicate severely outdated interiors. A significant factor is that all three houses are on septic tanks, with city sewer available at the street, implying a major and costly system upgrade/connection is needed. This aligns with the 'Poor' category, which describes properties built over 30 years ago, likely renovated 30-50 years ago, requiring substantial repairs and rehabilitation, and having major components that need significant attention.
Year Built
1940
Close
-
List price
$685K
Original List price
$750K
Price/Sqft
$583
HOA
-
Days on market
-
Sold On
-
MLS number
FR25144213
Home ConditionPoor
Features
View-

About this home

Investor Goldmine: 3 Homes on 2.1 Acres with Multi-Strategy Potential Calling all investors this rare 2.1-acre parcel features three income-producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long-term development. ?? Property Overview (2 APNs, sold as one): 1803 Mitchell Ave (southernmost): Cozy 2?bd/1?ba rental generating $1,200/mo. 1815 Mitchell Ave: Classic gem on its own parcel (APN?390-020-63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income. 1845 Mitchell Ave (northernmost): Spacious 3?bd/1?ba home featuring indoor laundry, expansive living area, fenced yard, 3-car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build-out. ?? Why This Property Stands Out: Cashflow from Day One: Rent all three homes while pursuing rezoning or development. Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent. Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development. ?? Highlights & ROI Drivers: Immediate rental income across all units Flexible strategies: hold, convert, or redevelop Existing Homes can be cleaned up & rented out fast All 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.

Condition Rating
Poor
The property was built in 1940, making it over 80 years old. While the description states the homes are currently rented and can be 'cleaned up & rented out fast,' implying functionality, the lack of interior photos and mention of 'original hardwood floors' and 'vibrant tile countertops' (suggesting an older renovation or style) indicate severely outdated interiors. A significant factor is that all three houses are on septic tanks, with city sewer available at the street, implying a major and costly system upgrade/connection is needed. This aligns with the 'Poor' category, which describes properties built over 30 years ago, likely renovated 30-50 years ago, requiring substantial repairs and rehabilitation, and having major components that need significant attention.
Pros & Cons

Pros

Multiple Income Streams: The property features three distinct homes, providing immediate and diversified rental income opportunities for investors.
Significant Development Potential: A substantial 2.1-acre parcel across two APNs, with adjacent open ground and a strong precedent for subdivision, offers considerable future development upside.
Versatile Investment Strategies: Ideal for investors pursuing long-term rentals, fix-and-flips, or multi-family development, offering flexibility in maximizing ROI.
Immediate Cash Flow: With existing tenants, the property is positioned to generate cash flow from day one, reducing initial investment risk.
Large Land Parcel: The expansive 2.1-acre lot provides ample space for current operations, potential expansion, or future redevelopment projects.

Cons

Septic System Dependency: All three homes rely on septic tanks, necessitating buyer verification of the cost and process for connecting to the city sewer, which could be a significant expense.
Age of Structures: Built in 1940, the homes are older, potentially requiring substantial capital expenditure for renovations, system upgrades, or deferred maintenance to optimize their condition and value.
Condition Requires Improvement: The description implies the homes need to be 'cleaned up' before being rented out, indicating they are not in turn-key condition and will require immediate investment for repairs or cosmetic enhancements.

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