2042 Panamint, Mojave, CA 93501, Mojave, 93501 - 3 bed, 1 bath
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Mojave, CA 93501
This property presents a High-Potential Investment Opportunity with a List Price of $268,000—positioned slightly above the $260,382 Fair Market Value. While the home carries a Fair Condition Rating (5/10) due to its 1953 vintage, the massive 9,456 sq. ft. lot provides significant ADU and Development Potential via rear-alley access. This asset is a strategic play for those looking to capitalize on land utility rather than immediate move-in readiness. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2042 Panamint Subject | $268,000* List Price | 3 | 1 | 1,080 | $241 | - |
A 2000 Shasta Street Sold | $305,000 | 3 | 2 | 1,384 | $220 | 0.1 mi |
B 15653 K Street Active | $225,000 List Price | 3 | 1 | 1,063 | $212 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 (71 years old) with no documented recent renovations. The listing's emphasis on 'Investor Alert' and 'Value in the Land' suggests the structure requires significant rehab, and the presence of an older roof-mounted evaporative cooler indicates dated mechanical systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9456, living area = 1080.
The expansive 9,456 sq. ft. lot features a cross-fenced rear portion with alley access, providing a prime opportunity for an Accessory Dwelling Unit (ADU) or additional storage.
Priced competitively at $268,000, this property offers an accessible entry point for first-time buyers or investors looking to capitalize on a large land parcel.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9456, other record lot size in square feet = 9583.
With three bedrooms but only one bathroom, the property may face functional challenges for larger families or modern buyer expectations.
Built in 1953, the home likely requires modernization of systems and cosmetic updates to meet contemporary standards and maximize its market value.
Investor & First-Time Buyer Alert! Huge Lot with ADU Potential in Mojave! Welcome to this charming 3-bedroom, 1-bathroom home offering a bright, spacious living area flooded with natural light and a functional eat-in kitchen with ample cabinetry. The Real Value is in the Land: Situated on a massive 9,456 sq. ft. lot, this property features an attached garage and a covered patio. The true showstopper is the backyard: a cross-fence already partitions the rear portion of the expansive yard, complete with convenient rear-alley access. This separate flat parcel is perfectly primed for a potential ADU, or RV/desert toy parking. Subject to local requirements and guidelines. This incredible opportunity won't last. Schedule your showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,080 | - |
| Lot Size | 9,456 | - |
| Price | $268.0K | $217.5K |
| Price per sq ft | $248 | $163 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 79 |
Jul 16, 2026
$268,000
Initial Listing
Dec 22, 2022
$175,000
Public Record
Jul 6, 2005
$92,000
Public Record
May 23, 2002
$45,000
Public Record