1831 Olive Avenue, Atwater, California 95301, Atwater, 95301 - 1 bed, 1 bath
1831 Olive Avenue
Atwater, California 95301
Property Price
SUMMARY
Analysis of 1831 Olive Avenue, Atwater, California 95301 is currently available with a list price of $325,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Atwater Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940, the property is functional and currently income-producing, but shows significant signs of age. Interior images reveal a very dated kitchen with old cabinetry and appliances, along with worn carpeting and older wall finishes. While habitable, the home has not undergone recent major renovations and requires cosmetic updates and likely system modernizations to meet current market 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 = 13778, living area = 280.
- Income-Producing Potential
The property features a dual-unit configuration with a 1-bedroom house and a studio, allowing for immediate rental income or a 'house hacking' opportunity to offset mortgage costs.
- Seller Financing Available
The availability of seller financing offers a rare and flexible path to ownership, making this an attractive option for investors or buyers who may face challenges with traditional lending.
CONSRISKS & DEFICIENCIES
- Extremely Limited Living Space
At only 280 square feet for two units, the living quarters are exceptionally small, which may limit the pool of potential tenants and present challenges for functional daily living.
- Aging Infrastructure
Built in 1940, the property likely requires updates to major systems such as plumbing and electrical to meet modern standards and ensure long-term durability.
About 1831 Olive Avenue
Check it out! Income producing already! Don't miss out on the opportunity to own this 2 unit which feature 1 bedroom, 1 bath house and complete studio. Live in one and rent the other or rent both and let the property pay for itself! Seller financing available with an acceptable offer. Check with city for ADU permits, and for details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 13,778 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 1% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 280 | 1,765 | 1% |
| Lot Size | 13,778 | 7,972.5 | 67% |
| Price | $325.0K | $460.0K | 8% |
| Price per sq ft | $1.2K | $263 | 99% |
| Built year | 1940 | 1988 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 173 | 49% |
Pricing History
Listed for Sale
Sep 17, 2025
$325,000
Initial Listing
Sold
Nov 21, 2002
$78,000
Public Record
Sold
Dec 31, 2001
$44,000
Public Record