318 S Pico, San Jacinto, California 92583, San Jacinto, 92583 - bed, bath
318 S Pico
San Jacinto, California 92583
Property Price
SUMMARY
Analysis of 318 S Pico, San Jacinto, California 92583 is currently available with a list price of $1,499,995. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Jacinto 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1928, this mixed-use property is functional and currently occupied but shows significant signs of aging across its residential and retail units. The kitchens and bathrooms feature outdated cabinetry, older tile work, and aged fixtures that have not seen a major renovation in several decades. While the property is maintained through regular upkeep, the infrastructure likely requires modernization of electrical and plumbing systems to meet contemporary standards, consistent with its 'value-add' investment description.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Income Stream
The property features a versatile mix of two retail spaces and four residential units, providing a balanced and resilient revenue model that mitigates vacancy risks.
- Prime Downtown Location
Centrally situated at the intersection of Ramona Blvd, Main Street, and San Jacinto Avenue, the property benefits from high visibility and foot traffic essential for commercial success.
- Value-Add Potential
As a unique mixed-use asset in a historic corridor, there is significant opportunity for an investor to increase equity and rental income through strategic renovations and modernization.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5300, other record living area = 2052.
- Aging Infrastructure
Built in 1928, the property likely requires substantial ongoing maintenance and capital improvements to update electrical, plumbing, and structural components to modern standards.
- Significant Price Appreciation
The current list price of nearly $1.5M is a massive increase from its 2018 sale price of $440,000, which may challenge appraisal valuations and immediate cash-on-cash returns.
About 318 S Pico
investment opportunity consisting of two retail spaces and four apartment units located in Downtown San Jacinto, California. This value-added investment provides an opportunity for an investor to acquire a very unique retail/residential property he property is currently comprised of two retail spaces (currently occupied by a restaurant and a beauty salon) totaling approximately 2,300 square feet of rentable space, and four apartment units (two two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units) totaling approximately 3,000 square feet of additional rentable space. The property is centrally located within San Jacinto's Downtown corridor where Ramona Blvd, Main Street, and San Jacinto Avenue intersect.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1928
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.5 | 50% |
| Baths | - | 2.0 | 50% |
| Square foot | 5,300 | 3,993 | 50% |
| Lot Size | 9,148 | 10,237 | 50% |
| Price | $1.50M | $1.04M | 50% |
| Price per sq ft | $283 | $250 | 50% |
| Built year | 1928 | 1967 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 67 | 50% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,499,995
Initial Listing
Price Change
Mar 5, 2026
$14,995
Initial Listing
Sold
Jul 23, 2018
$440,000
Public Record
Sold
Sep 1, 2006
$450,000
Public Record
Sold
May 6, 2002
$151,000
Public Record
Sold
Sep 22, 1999
$110,000
Public Record
Sold
May 25, 1995
$60,000
Public Record