This property presents a High-Potential Investment Opportunity with a List Price of $459,000—positioned well below the $368,791 Fair Market Value by -24%. Featuring a Condition Rating of 6, this 1935-built residence serves as a prime asset for development, highlighted by Seller-Paid ADU Permits. While the existing structure requires modernization, the significant land utility and proximity to local schools provide a foundation for long-term growth. This is an ideal acquisition for Buy-and-Hold Investors or Contractors focused on maximizing rental income through ADU expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 Texas St Subject 3 bd · 1 ba · 1,035 sqft · $356 | $459,000* List Price | 3 | 1 | 1,035 | $356 | - |
A 206 William Reed Dr Sold 2 bd · 1 ba · 901 sqft · $390 · 0.5 mi | $351,000 | 2 | 1 | 901 | $390 | 0.5 mi |
B 2745 D St Sold 2 bd · 1 ba · 1,076 sqft · $371 · 1.0 mi | $399,000 | 2 | 1 | 1,076 | $371 | 1.0 mi |
C 35 E 16th St Active 0 bd · 0 ba · 1,050 sqft · $471 · 0.6 mi | $495,000 List Price | 0 | 0 | 1,050 | $471 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1935, making it over 90 years old. Per the criteria, structures over 50 years old with no documented renovations to kitchens, baths, or systems are classified as tear-downs. The listing description focuses on ADU permits and development potential rather than the condition of the existing 3/1 residence, suggesting the value lies in the land.
The property comes with seller-paid permits and approval for an ADU, offering significant value-add potential for rental income or multi-generational living.
Priced at $459,000, this home represents an affordable entry point into the California market for first-time buyers or investors looking for a 3-bedroom residence.
The home is exceptionally well-located for families, with elementary, middle, and high schools all situated within a half-mile radius.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5700, other record lot size in square feet = 4800.
The local public schools are currently rated between 2 and 3 out of 10, which may be a concern for families prioritizing academic performance.
Built in 1935 with only one bathroom for three bedrooms, the layout may feel restrictive for modern families and could require renovation to improve utility.
ADU is approved with permits paid for by seller
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,035 | 1,739.595 |
| Lot Size | 5,700 | 6,645.276 |
| Price | $459.0K | $603.8K |
| Price per sq ft | $443 | $338 |
| Built year | 1935 | 1984 |
| HOA | $0 | $107 |
| Days on market | 19 | 45 |
Oct 5, 2026
$459,000
Initial Listing
Dec 20, 2024
$800,000
Public Record
Feb 18, 1998
$71,000
Public Record