1951 Reedy Avenue, Highland, California 92346, Highland, 92346 - 2 bed, 1 bath
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1951 Reedy Avenue
Highland, California 92346
ACTIVE
CONDITION: POOR
2Beds
1Baths
840Sq Ft
799Lot Size
Property Price
LIST PRICE$175,000
EST. MARKET VALUE
$178,709
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $175,000—positioned well below the $178,710 Fair Market Value by 2%. This valuation gap offers $3,710 in Instant Equity. Featuring a Condition Rating of 5, the unit includes recent upgrades like new windows and paint, though it requires further rehabilitation. With a strong $2,000 monthly rental income and comprehensive HOA coverage, this is a high-yield asset ideal for Buy-and-Hold Investors or first-time buyers seeking entry-level cash flow.
Estimated Market Value
$178,709
Based on Realkey algorithm analyzing recent comparable sales in Highland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1951 Reedy Avenue Subject 2 bd · 1 ba · 840 sqft · $213 | $175,000* List Price | 2 | 1 | 840 | $213 | - |
A 3471 20th Sold 2 bd · 1 ba · 840 sqft · $208 · 0.1 mi | $175,000 | 2 | 1 | 840 | $208 | 0.1 mi |
B 3568 20th Street Sold 0 bd · 0 ba · 780 sqft · $256 · 0.1 mi | $200,000 | 0 | 0 | 780 | $256 | 0.1 mi |
C 3440 Rainbow Lane Active 2 bd · 1 ba · 861 sqft · $196 · 0.1 mi | $169,000 List Price | 2 | 1 | 861 | $196 | 0.1 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 1969 (57 years old) and specifically noted as 'NOT FHA approved,' which typically indicates safety or habitability issues that prevent standard financing. While it features new windows and paint, the lack of updates to the kitchen, bathroom, and core systems in a building of this age suggests it requires significant rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Potential
With a reported monthly rental income of $2,000 against a $175,000 list price, this property offers an exceptional gross rental yield, making it highly attractive for cash-flow-focused investors.
- Recent Capital Improvements
The unit features new windows and fresh paint, which enhances curb appeal and reduces immediate move-in or turnover costs for a new owner.
- Comprehensive HOA Amenities
The association fee covers essential utilities and maintenance including water, trash, roof, and security patrol, providing a low-maintenance lifestyle and predictable monthly expenses.
CONSRISKS & DEFICIENCIES
- Financing Limitations
The property is not FHA approved, which significantly restricts the pool of potential buyers by excluding those who rely on government-backed, low-down-payment financing.
- High Monthly Dues
At $450 per month, the HOA fee represents a substantial recurring cost relative to the purchase price, which may impact the debt-to-income ratio for budget-conscious buyers.
About 1951 Reedy Avenue
Great opportunity for a first time buyer or investor!!! NOT FHA approved..... ****New windows and paint!!!!!**** Property rents for 2000.00 monthly. HOA includes anything outside of condo including roof!! Also includes water, trash, patrol and landscaping.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 799 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450.0 / Month
Neighborhood Insights
Highland Unified Schools
Oehl Elementary School
Grades K-6 • 0.6 mi
5/10
Serrano Middle School
Grades 7-8 • 1.0 mi
4/10
San Gorgonio High School
Grades 9-12 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 1.0 | 2.0 |
| Square foot | 840 | 1,179 |
| Lot Size | 799 | 1,188.778 |
| Price | $175.0K | $313.0K |
| Price per sq ft | $208 | $268 |
| Built year | 1969 | 1987 |
| HOA | $450.0 | $435 |
| Days on market | 26 | 99 |
Pricing History
Listed for Sale
Sep 28, 2026
$175,000
Initial Listing
Sold
Jan 12, 2006
$137,000
Public Record
Sold
Jun 13, 1994
$40,000
Public Record