28349 Larchmont, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
28349 Larchmont
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 28349 Larchmont, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $350,000—significantly undercutting the $371,982 Fair Market Value by 5%. This valuation gap indicates a +$21,982 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28349 Larchmont Subject | $350,000* List Price | 2 | 2 | 975 | $382 | - |
A 698 W Victoria Court Sold | $390,000 | 2 | 2 | 928 | $420 | 0.3 mi |
B 545 W Victoria Court Sold | $349,000 | 2 | 1 | 858 | $407 | 0.5 mi |
C 444 Shady Road Sold | $365,000 | 2 | 2 | 839 | $435 | 0.9 mi |
D 27941 Rainbow Drive Sold | $454,900 | 3 | 2 | 1,088 | $418 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent updates, including new flooring throughout and fresh exterior paint. While originally built in 1976, the interior has been refreshed to meet modern aesthetic standards, and the description indicates it is well-maintained with no immediate renovations required. It fits the 'good' category as an updated, functional mountain retreat that has undergone partial renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7780, living area = 975.
- Double Lot and Privacy
The property spans two parcels totaling 7,780 sqft, offering a rare level of privacy and outdoor space in the mountains with added flexibility for future expansion.
- Move-In Ready Condition
Recent updates including new flooring throughout and fresh exterior paint ensure the home is refreshed and ready for immediate occupancy without the need for initial renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7780, other record lot size in square feet = 4000.
- Compact Living Space
At just 975 square feet, the interior layout is quite small, which may limit its appeal for larger families or those requiring more spacious common areas.
- Vintage Infrastructure
Built in 1976, the home may feature older mechanical or structural systems that could require more maintenance compared to modern mountain constructions.
About 28349 Larchmont
Mountain living made simple! Tucked among the pines in beautiful Lake Arrowhead, this updated 2-bedroom, 2-bath retreat sits on two parcels totaling 7,780 sqft, giving you extra space and privacy that’s hard to find with added flexibility to create your dream space. With new flooring throughout and fresh exterior paint, the home feels refreshed and move-in ready. The cozy layout is perfect for relaxing weekends, snowy winter mornings, and cool summer evenings in the mountains. No HOA restrictions just a convenient quarterly service fee covering trash, water, and snow removal for the roads. Whether you’re searching for a peaceful getaway, a full-time escape from the city, or a smart investment property, this home captures the ease and charm of mountain living. Just minutes away from entertainment, restaurants, and the lake!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 7,780 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 2.5 mi
Charles Hoffman Elementary School
Grades K-5 • 5.8 mi
Valley Of Enchantment Elementary School
Grades K-5 • 6.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 975 | 1,971 | 7% |
| Lot Size | 7,780 | 9,752 | 22% |
| Price | $350.0K | $677.5K | 6% |
| Price per sq ft | $359 | $342 | 55% |
| Built year | 1976 | 1977 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 236 | 0% |
Pricing History
Listed for Sale
Feb 27, 2026
$350,000
Initial Listing
Sold
Apr 24, 2020
$220,000
Public Record
Sold
Oct 31, 2017
$202,000
Public Record
Sold
Jul 15, 2004
$157,000
Public Record
Sold
Dec 2, 1997
$80,000
Public Record