28762 Cedar, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
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Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $539,000—positioned well above the $485,538 Fair Market Value by -11%. Featuring a Condition Rating of 5, this "blank canvas" requires a full interior rehab, offering significant upside for forced appreciation through garage roofline expansion. The level-entry corner lot and attached two-car garage provide rare mountain utility. This asset is an ideal acquisition for Fix-and-Flip Investors or DIY-focused Owner-Occupants seeking to capitalize on the prime Lake Arrowhead location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28762 Cedar Subject | $539,000* List Price | 2 | 2 | 1,150 | $422 | - |
A 28810 Cedar Sold | $435,000 | 3 | 2 | 884 | $492 | 0.1 mi |
B 144 Marshall Road Active | $625,000 List Price | 3 | 3 | 1,379 | $453 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959 and described as a 'blank canvas' for 'DIY buyers,' this property requires a full rehab. The bathroom features dated tile and fixtures likely over 30 years old, and the interior shows signs of neglect such as missing outlet covers and worn carpeting.
The property boasts a highly desirable level entry on a flat corner lot within walking distance to the ALA lakeside trail, local coffee shops, and Cedar Glen amenities.
Described as a blank canvas, the home offers significant opportunity for appreciation through expansion into the ample space within the garage roofline.
Rare for mountain properties, this home includes an attached two-car garage plus additional flat parking space suitable for extra-large vehicles.
Built in 1959 and marketed as a blank canvas, the property likely requires a comprehensive update to modernize its systems and aesthetic.
With only two bedrooms and 1,150 square feet of living space, the current footprint may be too restrictive for larger families or those seeking more substantial square footage.
Welcome to the ultimate LEVEL ENTRY practical, charming, lake arrowhead home. Located in a sought after lake side neighborhood, this property is a great opportunity to make it your own, as it truly is a blank canvas. The home sits on a flat, corner lot, with ample opportunity for outdoor entertainment space and flat parking. With an attached two car garage, open kitchen and living space, and half bath on the main entry level, the home is easy to live in. Both bedrooms and a full bath are located upstairs with peek a boo views of Lake Arrowhead. For the opportunity of growth and appreciation there is ample space within the roofline of the garage for possible expansion - making this a great opportunity for the DIY buyers. Other bonus features include, space for extra large vehicle parking, a partially fenced in back yard, walkable distance to ALA lakeside trail, and of course the most important - KEY LOCATION. This property is walking distance to local coffee shop, Mountain Coffee Co, cedar glen fine foods, and other charming small town shops.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,150 | 2,126 |
| Lot Size | 3,900 | 9,850 |
| Price | $539.0K | $669.1K |
| Price per sq ft | $469 | $346 |
| Built year | 1959 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 1 | 92 |
Jul 21, 2026
$539,000
Initial Listing
Apr 13, 2007
$380,000
Public Record
Oct 6, 2000
$160,000
Public Record
Nov 15, 1993
$120,000
Public Record