22449 Ottawa Road, Apple Valley, California 92308, Apple Valley, 92308 - 2 bed, 2 bath
ACTIVE$575,000
22449 Ottawa Road, Apple Valley, California 92308
2Beds
2Baths
1,088Sqft
435,600Lot
Year Built
1948
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
OC25127218
Home ConditionPoor
Features
Good View: Mountain(s), None
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $575.0K(86th), sqft - 1088(7th), beds - 2(30th), baths - 2(50th).
Commercial Zoned property of approximately 10 acres with 2 existing homes. Great Opportunity to have income while land banking, or lease out as a storage yard. House 1 is apx 700 sq ft 1 bed, 1 bath, tile roof block construction. House 2 is apx. 900 sq ft. 1 bed, 1 bath, extra room, and a sun room with a 2 car garage. Both homes need some work. Buyer to verify zoning, proposed usage, any land use conditions. Do not disturb tenants. Drive by only. Photos include all utilities at the intersection.
Condition Rating
Poor
The property, built in 1948, is explicitly stated to 'need some work' for both homes. Exterior images reveal significant disrepair, including peeling paint and boarded-up windows, indicating substantial deferred maintenance. The lack of interior photos and the 'drive by only' instruction strongly suggest that the interior conditions, including kitchens and bathrooms, are in very poor shape and require extensive rehabilitation. Major systems are likely outdated or non-functional, necessitating significant investment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 435600, living area = 1088.
Commercial Zoning & Expansive Acreage: The property boasts approximately 10 acres (435,600 sq ft) with commercial zoning, offering substantial potential for various business ventures or future development.
Immediate Income Generation: Two existing residential structures provide an opportunity for immediate rental income, supporting a 'land banking' strategy while holding for future development.
Strategic Investment Opportunity: Ideal for investors seeking long-term appreciation or specific commercial development projects due to its significant size and commercial zoning.
Dual Residential Units: The presence of two separate homes offers flexibility for multi-tenant income streams, multi-generational living, or diverse usage options.
Scenic Mountain Views: The property benefits from attractive mountain views, enhancing its aesthetic appeal and potential desirability.
Cons
Required Renovation for Existing Homes: Both homes are explicitly stated to 'need some work,' indicating a necessary investment for repairs, upgrades, or modernization to bring them to optimal condition.
Restricted Property Access: The 'Do not disturb tenants. Drive by only' directive significantly limits a buyer's ability to conduct thorough interior inspections and comprehensive due diligence.
Age of Structures: Built in 1948, the existing homes are older, which may imply outdated systems, potential for higher maintenance costs, and compliance issues requiring attention.