2501 Audrey Avenue, Lake Isabella, CA 93240, Lake Isabella, 93240 - 2 bed, 2 bath
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Lake Isabella, CA 93240
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $199,900—positioned well below the $202,739 Fair Market Value by 1%. This valuation gap offers $2,839 in Instant Equity for buyers prepared for a renovation project. With a Condition Rating of 5, the home requires modernization but features Scenic Mountain Views and a spacious 1,742 sq ft layout. Eligible for 203(k) financing, it is a strategic choice for Fix-and-Flip Investors or Contractors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2501 Audrey Avenue Subject | $199,900* List Price | 2 | 2 | 1,742 | $55 | - |
A 2832 Audrey Ave Sold | $165,000 | 2 | 2 | 1,172 | $141 | 0.2 mi |
B 2701 Audrey Avenue Active | $199,900 List Price | 2 | 2 | 1,742 | $115 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 and explicitly marketed as a candidate for a 203(k) renovation loan, the property requires substantial repairs and modernization. The listing description and analysis highlight a need for significant capital investment to address outdated systems and finishes typical of a home that has not been renovated in over 30 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1742.
With 1,742 square feet of living space for a two-bedroom configuration, this home offers an unusually spacious layout with generously sized rooms and ample area for indoor entertaining.
The property features desirable mountain views, providing a picturesque and serene backdrop that enhances the home's aesthetic appeal and value in the Lake Isabella area.
The property is highlighted as needing a 'personal touch' and improvements, suggesting that the 1973 structure likely requires immediate capital investment for modernization and repairs.
Despite the large square footage, the two-bedroom layout may restrict the property's appeal to larger families or buyers who require more private rooms or dedicated office spaces.
Spacious home situated on a large lot offering 2 bedrooms, 2 bathrooms, and approximately 1,742 sq ft of living space. The property features generously sized bedrooms and plenty of room for entertaining both inside and out. With its spacious layout and large lot, this home offers great potential for customization and improvements. An excellent opportunity for buyers utilizing a 203(k) loan or those looking to renovate and add their personal touch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,742 | 1,500 | 71% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $199.9K | $265.0K | 43% |
| Price per sq ft | $115 | $171 | 14% |
| Built year | 1973 | 1978 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 169 | 14% |
Mar 9, 2026
$199,900
Initial Listing