2102 3rd Street, Julian, California 92036, Julian, 92036 - bed, 2 bath
ACTIVE$615,000$800/sqft
2102 3rd Street, Julian, California 92036
0Bed
2Baths
800Sqft
10,018.8Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Visibility: Prime corner lot, situated just one block from Julian's bustling Main Street, offering high foot traffic and excellent accessibility for both commercial and residential purposes.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10018, other record lot size in square feet = 9863. Living area discrepancy between mls listing and other public or private record. mls listing living area = 800, other record living area = 670.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 2011 (15 years old).
Condition: The studio rental, built in 2011, is 13 years old, placing it within the 'Good' category's age range. The description states it has been 'upgraded,' and images show a clean, functional kitchen with modern-style white cabinets and appliances. The bathroom is basic but appears well-maintained and functional. The interior features durable tile flooring and clean walls, indicating a move-in ready condition with minimal wear and tear, consistent with a well-maintained property of its age.
Year Built
2011
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2600373
Home ConditionGood
Features
Deck
Patio
ViewNeighborhood
About this home
Prime property on .23 acre, on the corner of 3rd and B Street. One block up from Main Street, Julian. Two buildings on site. One, a historic hand-dug well in a pump house. Built in 1911, one of Julian's original wells. This structure is being used as a retail shop. The current tenants would be interested in staying on at $750.00 a month. Merchandise is exquisite hand made products. Tenants provide open classes, to teach how to create hand made products. The other building is a studio rental that has been upgraded. Full kitchen, bath and laundry facility. Level usable land. Sale comes with 3.3 EDU's (for sewer). There is enough land available for additional residential and or commercial building(s) to be built. An Investors Dream.
C
Carrol Solleder
Listing Agent
Price History
Date
Event
Price
03/09/21
Sold
$400,000
Condition Rating
Good
The studio rental, built in 2011, is 13 years old, placing it within the 'Good' category's age range. The description states it has been 'upgraded,' and images show a clean, functional kitchen with modern-style white cabinets and appliances. The bathroom is basic but appears well-maintained and functional. The interior features durable tile flooring and clean walls, indicating a move-in ready condition with minimal wear and tear, consistent with a well-maintained property of its age.
Pros & Cons
Pros
Exceptional Location & Visibility: Prime corner lot, situated just one block from Julian's bustling Main Street, offering high foot traffic and excellent accessibility for both commercial and residential purposes.
Significant Development & Expansion Potential: Features .23 acres of level, usable land with 3.3 sewer EDUs, explicitly allowing for the construction of additional residential or commercial buildings, presenting a substantial investment opportunity.
Established Mixed-Use Income Stream: Includes two existing buildings: a retail shop with interested tenants generating $750/month, and an upgraded studio rental, providing immediate and diversified cash flow.
Historic Charm & Unique Asset: The property boasts a historic 1911 hand-dug well in a pump house, adding unique character and a historical narrative that enhances its appeal, especially for a retail business.
Upgraded & Functional Residential Unit: The studio rental has been recently upgraded with a full kitchen, bath, and laundry facility, making it a desirable and ready-to-rent residential space.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10018, other record lot size in square feet = 9863. Living area discrepancy between mls listing and other public or private record. mls listing living area = 800, other record living area = 670.
Substantial Price Appreciation: The current list price of $615,000 represents a significant increase (over 50%) from its last sale price of $400,000 in March 2021, which may require strong justification for its current market value.
Modest Current Rental Income: The $750/month commercial rent is relatively low given the property's prime location and list price, indicating that the current income stream does not fully capitalize on the asset's potential without further development.
Limited Residential Unit Size: The 800 sqft studio, while upgraded, offers a compact living space that may not appeal to all residential tenants or buyers seeking larger accommodations.