2572 Tokay Road, Phelan, California 92371, Phelan, 92371 - 3 bed, 2 bath
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Phelan, California 92371
This Spacious Ranch-Style Property is a High-Potential Investment Opportunity, listed at $535,000—positioned well above the $519,437 Fair Market Value. While currently priced slightly above market, the property offers significant utility through its 4.5 usable acres and a permitted metal structure featuring a 2-bedroom living space with a kitchenette. With a Condition Rating of 3, the home is move-in ready yet offers room for cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile desert sanctuary with multi-generational living potential.
Property is move-in ready.
Although built in 1987, the property is exceptionally well-maintained and move-in ready. It features recent cosmetic updates including new carpeting and fresh paint throughout. The addition of solar panels and a large, permitted metal workshop with a kitchenette indicates updated systems and functional utility, though some bathroom and kitchen fixtures remain stylistically dated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 199933, living area = 2014.
The property sits on 4.5 fully usable acres, offering exceptional privacy and limitless potential for outdoor recreation, livestock, or future development in a peaceful desert setting.
Features a fully permitted metal building that accommodates four vehicles and includes a two-bedroom living space with a kitchenette, perfect for multi-generational living or guest housing.
Built in 1987, the property may soon require updates to major systems or cosmetic modernizations to align with contemporary buyer preferences.
While offering privacy, the high-desert location in Phelan may result in longer commute times to major employment hubs and essential urban amenities.
Move-in ready ranch-style home on 4.5 usable acres in Phelan! This spacious property features 3 bedrooms, 2 bathrooms, and a versatile bonus room ideal for a home office or potential 4th bedroom. The property also includes a fully permitted 2,000 sq. ft. metal building with 4-car parking, upstairs storage, and additional living quarters complete with 2 bedrooms, 1 bathroom, and a private kitchenette. Perfect for extended family, guest accommodations, hobbies, storage, or a workshop setup. Enjoy endless possibilities with this unique property, plus the added benefit of a fully paid-off windmill.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,014 | 2,014 | 50% |
| Lot Size | 199,933 | 94,960 | 94% |
| Price | $535.0K | $480.0K | 67% |
| Price per sq ft | $266 | $243 | 67% |
| Built year | 1987 | 1999 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 190 | 1% |
May 18, 2026
$535,000
Initial Listing
Apr 22, 2002
$135,000
Public Record
Mar 26, 1998
$96,000
Public Record
May 31, 1995
$79,500
Public Record