28986 Merris Street, Highland, California 92346, Highland, 92346 - 1 bed, 1 bath
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Highland, California 92346
This High-Potential Redevelopment Asset is listed at $300,000, representing a stable entry point near its $272,703 Fair Market Value following a recent $50,000 price reduction. Given the Condition Rating of 6 and "as-is" sale requirements, the primary value is anchored in the oversized 7,988 sqft lot and desirable Mountain Views. Situated in the Redlands Unified School District, the property provides a clear Value-Add path through total reconstruction or expansion. This project is an ideal strategic acquisition for Fix-and-Flip Investors or Developers seeking high-utilization land.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28986 Merris Street Subject | $300,000* List Price | 1 | 1 | 564 | $479 | - |
A 7979 Tyler Active | $314,999 List Price | 1 | 1 | 686 | $459 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1935, the property's exterior shows severe deterioration with extensive peeling paint and visible neglect. The listing explicitly states 'NO REPAIRS WILL BE DONE' and markets it as an 'EXCELLENT INVESTMENT PROPERTY WITH LOTS OF SPACE TO EXPAND AND/OR REBUILT,' strongly indicating that the value is in the land for redevelopment rather than the existing structure. The complete absence of interior photos, combined with the 'as-is' sale condition, suggests the interior is in an unlivable state, requiring demolition or a complete rebuild.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7988, living area = 564.
Explicitly marketed as an 'excellent investment property,' suggesting potential for appreciation or rental income.
A substantial 7,988 sqft lot provides significant space for expansion, rebuilding, or adding additional structures.
The property is sold 'as-is' with no repairs to be done, placing the responsibility for all necessary renovations and due diligence on the buyer.
With only 1 bedroom, 1 bathroom, and 564 sqft, the current living area is very compact, which may limit its appeal to certain buyer demographics.
Built in 1935, the property's age suggests potential for outdated systems, deferred maintenance, and the need for significant renovation to meet modern standards.
JUST REDUCED...EXCELLENT INVESTMENT PROPERTY WITH LOTS OF SPACE TO EXPAND AND/OR REBUILT. LOCATED IN AN AREA OF HIGHLAND THAT HAS A MOUNTAIN VIEW RANGE. CLOSE ACCESS TO FREEWAY, MARKETS, SHOPPING AND LOCAL RESTAURANTS AND ENTERTAINMENT. NO REPAIRS WILL BE DONE. BUYER TO DO THERE OWN DUE DILIGENCE...
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 1% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 564 | 1,898 | 1% |
| Lot Size | 7,988 | 7,668 | 54% |
| Price | $300.0K | $599.0K | 1% |
| Price per sq ft | $532 | $312 | 99% |
| Built year | 1935 | 1988 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 287 | 182 | 85% |
Oct 1, 2025
$300,000
Initial Listing
Jul 9, 2025
$350,000
Initial Listing