
Idyllwild, California 92549
This multi-unit property presents a Strong Value Opportunity, listed at $565,000—positioned well below the $606,796 Fair Market Value by 6%. This valuation gap offers $41,796 in Instant Equity. Featuring a Fair Condition Rating, the property includes a main house plus three additional units, offering significant income versatility. While the 1948 infrastructure requires maintenance, the 15,245 sqft corner lot and on-site spa provide immediate lifestyle and rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental rental income.
Property is moderate renovation needed.
Built in 1948, the property has undergone partial recent updates but remains largely dated. While the kitchen features newer flooring and appliances, the cabinetry is older oak, and bedrooms show dated wallpaper, shag carpeting, and popcorn ceilings. It is functional and move-in ready but requires cosmetic modernization and likely system reviews due to its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15245, living area = 2375.
This unique multi-unit property features four potential income-producing spaces, including a main house, two 1-bedroom units, and a studio, offering exceptional flexibility for investors or multi-generational living.
The property has been recently remodeled, providing a fresh, move-in-ready aesthetic that combines modern functionality with the original 1948 charm, reducing immediate renovation needs for a new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2375, other record living area = 312.
With six bedrooms but only four bathrooms across the entire property, the main 3-bedroom house is limited to a single bathroom, which may be a drawback for larger families or high-end rental guests.
Despite recent cosmetic updates, the 1948 construction date suggests that underlying systems such as plumbing, electrical, or insulation may require more frequent maintenance compared to newer builds.
Opportunity knocks with this versatile multi-unit property offering four potential income-producing spaces on a desirable corner lot! Recently remodeled and full of possibilities, this unique property is ideal for investors, multi-generational living, vacation rentals, or living in one unit while generating income from the others. The main home features 3 bedrooms and 1 bath with inviting living spaces filled with charm and functionality. Relax year-round on the screened-in porch complete with a hot tub, creating the perfect retreat after a long day. In addition to the main house, the property includes two separate 1-bedroom, 1-bath units, a studio unit, plus a dedicated office space that could serve a variety of uses including remote work, creative studio, or additional guest accommodations. Recent updates provide a fresh, move-in ready feel while maintaining flexibility for future customization. The corner lot setting offers added privacy, accessibility, and curb appeal with ample outdoor space to enjoy. Whether you are seeking a smart investment, supplemental rental income, or a property with room for everyone, this rare opportunity combines comfort, versatility, and strong income
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 2,375 | 1,333 | 91% |
| Lot Size | 15,245 | 13,068 | 67% |
| Price | $549.0K | $493.8K | 61% |
| Price per sq ft | $231 | $360 | 6% |
| Built year | 1948 | 1968 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 202 | 2% |
Jun 5, 2026
$549,000
$565,000
-3% Price Drop
Initial Listing
May 19, 2026
$565,000
Initial Listing
Feb 16, 2023
$500,000
Public Record
Apr 9, 2021
$420,000
Public Record
Feb 15, 2017
$400,000
Public Record
Sep 14, 2016
$150,000
Public Record