29054 Alder Ter, Cedar Glen, California 92321, Cedar Glen, 92321 - 3 bed, 1 bath
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Cedar Glen, California 92321
This Prime Investment Opportunity is a Single Family Residence listed at $396,000, positioned well below the $407,072 Fair Market Value by 2%. This valuation gap offers $11,072 in Instant Equity. Featuring a Condition Rating of 2 with modern renovations, this turn-key asset includes a wooded view and a private deck. It is an ideal acquisition for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking for a move-in ready mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29054 Alder Ter Subject | $396,000* List Price | 3 | 1 | 1,014 | $401 | - |
A 196 Ponderosa Dr Sold | $325,000 | 2 | 2 | 962 | $338 | 0.2 mi |
B 28999 Cedar Terrace Sold | $315,000 | 2 | 1 | 656 | $480 | 0.1 mi |
C 29029 Alder Terrace Active | $362,000 List Price | 2 | 1 | 880 | $411 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1964, the property has undergone a comprehensive, modern renovation within the last 5 years. The interior is in mint, turn-key condition featuring a fully updated bathroom with contemporary tile and fixtures, a modernized kitchen with stainless steel appliances, and updated flooring and paint throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7660, living area = 1014.
The property is offered fully furnished and is currently tenant-occupied on a month-to-month basis, providing an immediate income stream and a seamless 'plug-and-play' opportunity for investors.
Listed at $396,000, the property is priced significantly below its 2022 sale price of $535,000, offering a high-value entry point and substantial potential for equity growth.
With three bedrooms but only one bathroom, the layout may be restrictive for larger families or groups, potentially limiting its appeal compared to homes with a higher bathroom-to-bedroom ratio.
Built in 1964, the property may require more frequent maintenance or updates to its core systems and structural components compared to newer builds in the area.
Welcome to 29054 Alder Terrace in beautiful Glen Cedar — a fully furnished, turn-key investment opportunity or personal retreat!** This charming 3-bedroom home is ideal for both short-term and long-term rentals, offering incredible flexibility for investors or buyers seeking a move-in ready residence. Whether you're looking to continue generating income or settle in yourself, this property delivers comfort, convenience, and value. Fully furnished with stylish, quality pieces and thoughtfully designed interiors, the home is equipped for immediate occupancy. Currently tenant-occupied (month to month), it provides a seamless transition for buyers who want to maintain rental income, with the option to retain the tenant or take possession. Located in the highly desirable Glen Cedar community, enjoy a peaceful residential setting close to parks, scenic trails, local shops, and easy commuter access. Live in it, lease it, or both — 29054 Alder Terrace is ready for what’s next
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 1,014 | 1,087 |
| Lot Size | 7,660 | 13,277 |
| Price | $396.0K | $316.9K |
| Price per sq ft | $391 | $326 |
| Built year | 1964 | 1966 |
| HOA | $0 | $0 |
| Days on market | 20 | 198 |
Jul 2, 2026
$396,000
Initial Listing
Jun 10, 2022
$535,000
Public Record
Feb 12, 2021
$335,000
Public Record