
Phelan, California 92371
This property presents a High-Potential Investment Opportunity with a List Price of $279,000, positioned at the $279,000 Fair Market Value. While currently a short sale, the property features a Condition Rating of 5, offering significant upside through renovation. The expansive 5-acre lot and included Solar Energy System provide substantial utility cost offsets and versatile land use. Given the discrepancy between the assessor's records and the physical layout, this asset requires a strategic approach to permitting. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Property is extensive renovation needed.
Built in 1982 (42 years old) with mostly original finishes. The kitchen and bathrooms are dated with 80s-style oak cabinetry and tile. The listing explicitly identifies the property as a 'fixer' and a short sale requiring renovation. Additionally, there is a significant discrepancy between the actual room count and tax records, suggesting unpermitted additions.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 213444, living area = 1222.
The property sits on nearly 5 acres of land, providing significant privacy and versatile space for outdoor activities, storage, or potential agricultural use.
Positioned as a light fixer and priced at $279,000—well below its 2021 sale price of $400,000—this home offers a prime opportunity for a profitable flip or value-add renovation.
A major discrepancy exists between the physical 5-bedroom/2-bathroom layout and the assessor's 3-bedroom/1-bathroom record, which could complicate financing and appraisals.
The short sale status requires lender approval, often leading to a prolonged and unpredictable closing timeline that may not suit buyers with strict moving schedules.
Back on the market! Approved at 310k This is a short sale located in Phelan. This home is a Light fixer opportunity for someone looking to flip or renovate to live in. This property shows as a 5 bedroom and 2 bathrooms but assessors information show it as a 3 bedroom 1 bathroom. There are solar panels on the property. It sits on almost 5 acres of land on dirt roads. Buyer to pay off solar or transfer lease. Call me for details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,222 | 1,899 |
| Lot Size | 213,444 | 96,617.522 |
| Price | $310.0K | $474.3K |
| Price per sq ft | $254 | $253 |
| Built year | 1982 | 1996 |
| HOA | $0 | $0 |
| Days on market | 165 | 88 |
Sep 11, 2026
$310,000
$279,000
+11% Price Increase
Initial Listing
May 12, 2026
$279,000
Initial Listing
Jul 29, 2021
$400,000
Public Record
Mar 23, 2004
$124,000
Public Record