26331 Alpine, Twin Peaks, California 92391, Twin Peaks, 92391 - 4 bed, 2 bath
ACTIVE$395,000$1,890/sqft
26331 Alpine, Twin Peaks, California 92391
4Beds
2Baths
1,890Sqft
9,420Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: Legal duplex with separate meters, offering excellent potential for rental income and independent utility management for each 2-bed/1-bath unit.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 7.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1948 (78 years old).
Condition: While the interior features recently updated kitchens and bathrooms with modern fixtures, new flooring, and fresh paint, the property was built in 1948. The exterior shows its age with worn elements and a cracked driveway. The 'investor special' and short-sale status, coupled with the property analysis noting 'potential for further significant capital expenditures on systems,' suggest that despite cosmetic improvements, major underlying systems are likely original or older and may require substantial future investment. Some minor finishing work is also evident in the interior.
Year Built
1948
Close
-
List price
$395K
Original List price
$395K
Price/Sqft
$209
HOA
-
Days on market
-
Sold On
-
MLS number
IG26009153
Home ConditionFair
Features
Good View: Trees/Woods
Deck
Patio
ViewTrees/Woods
About this home
investor special! Legal duplex with separate meters and level=parking for 4-5 cars! Useable and large yard, laundry hook-ups and some recent updates already done. Great location for mountain living and commuting. each unit is 2bed/1bath. Plowed & maintained road. Is now a short-sale, being offered for $100,000 less then last sold! Terms of offer are subject to lenders approval. Come & see it as soon as you can.
S
Sierra Werner
Listing Agent
Price History
Date
Event
Price
01/27/99
Sold
$115,000
03/28/22
Sold
$495,000
08/06/21
Sold
$415,000
01/28/13
Sold
$206,000
06/14/12
Sold
$70,000
06/01/05
Sold
$230,000
Condition Rating
Fair
While the interior features recently updated kitchens and bathrooms with modern fixtures, new flooring, and fresh paint, the property was built in 1948. The exterior shows its age with worn elements and a cracked driveway. The 'investor special' and short-sale status, coupled with the property analysis noting 'potential for further significant capital expenditures on systems,' suggest that despite cosmetic improvements, major underlying systems are likely original or older and may require substantial future investment. Some minor finishing work is also evident in the interior.
Pros & Cons
Pros
Income-Generating Duplex: Legal duplex with separate meters, offering excellent potential for rental income and independent utility management for each 2-bed/1-bath unit.
Significant Value Proposition: Currently listed for $100,000 less than its last sold price, presenting a strong 'investor special' opportunity with potential for immediate equity.
Ample Parking & Outdoor Space: Features level parking for 4-5 vehicles, a rare and valuable asset in mountain communities, complemented by a large, usable yard.
Desirable Mountain Location with Accessibility: Situated in a great location for mountain living and commuting, with the added benefit of a plowed and maintained road ensuring year-round access.
Recent Updates & Tenant Amenities: Includes recent updates and convenient laundry hook-ups, enhancing tenant appeal and reducing immediate renovation needs.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 7.
Short-Sale Transaction Complexity: The property is a short-sale, indicating a potentially lengthy and intricate transaction process that requires navigating lender approvals.
Lender Approval Contingency: The sale is subject to lender approval, which introduces uncertainty and could lead to delays or the deal not proceeding as initially offered.
Property Age & Potential for Further Updates: Built in 1948, despite some recent updates, the property's age may suggest a need for further significant capital expenditures on systems or aesthetics in the future.