1964 Arnold Way, Alpine, California 91901, Alpine, 91901 - 0 bed, 0 bath
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1964 Arnold Way
Alpine, California 91901
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,132Sq Ft
6,128Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$1,009,231
5% BelowMARKET VALUE
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $949,000—positioned well below the $1,009,231 Fair Market Value by 5%. This valuation gap offers $60,231 in Instant Equity for the savvy buyer. Featuring a Fair Condition Rating, the property includes a New Roof (2020), Central HVAC, and Private Gated Patios. This Residential Income Asset is ideal for Buy-and-Hold Investors seeking high-capacity rental units or Owner-Occupants looking to offset their mortgage through house hacking.
Estimated Market Value
$1,009,231+$60,231 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alpine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1964 Arnold Way Subject | $949,000* List Price | 0 | 0 | 2,132 | $473 | - |
A 1960 Arnold Way Active | $899,000 List Price | 0 | 0 | 1,667 | $539 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1991 (33 years old), the property falls into the Fair category due to its age and dated interior. While the roof was replaced in 2020 and the kitchen has granite counters, the cabinetry, white appliances, and overall aesthetic reflect a 15-30 year old renovation style. It is functional and move-in ready but requires cosmetic updates to be considered modern.
PROSSTRENGTHS & OPPORTUNITIES
- High-Capacity Rental Units
The duplex configuration featuring two large 3-bedroom, 2-bathroom units is a rare find that maximizes rental income potential and appeals to long-term family tenants.
- Recent Capital Improvements
A new roof installed in 2020, combined with dual-pane windows and central HVAC, significantly reduces immediate capital expenditure and maintenance concerns for a new owner.
- Superior Tenant Amenities
The property offers highly sought-after features including in-unit laundry, private gated patios, and ample off-street parking, which enhances tenant retention and justifies premium rents.
CONSRISKS & DEFICIENCIES
- Limited Lot Utility
With a 6,128 sqft lot accommodating a 2,132 sqft structure and extensive parking, there is minimal remaining green space or potential for further site expansion.
- Market Price Positioning
At a list price of $949,000, the property requires high-performing rental yields to achieve a competitive capitalization rate in the current Alpine market.
About 1964 Arnold Way
An incredible investment opportunity in Alpine! This income-producing duplex in Alpine presents a compelling investment opportunity with two spacious units, one upstairs and one downstairs, designed to maximize rental appeal and long-term investment potential. Each unit features 3 bedrooms and 2 bathrooms, along with desirable tenant amenities including in-unit laundry, dual-pane windows, and central heating and air conditioning. Both units offer designated parking, plus loads of additional off-street parking for residents and guests. Both units have access to private and gated back yard patio areas. New roof in 2020. This property offers investors an attractive opportunity to add a versatile income producing asset to their portfolio. Don’t miss this one! Reach out to schedule an appointment!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1991
- Lot Size
- 6,128 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Aug 28, 2026
$949,000
Initial Listing
Sold
Jan 27, 2000
$206,500
Public Record