325 Cypress St, Lodi, CA 95240, Lodi, 95240 - 6 bed, bath
ACTIVE$649,999$2,684/sqft
325 Cypress St, Lodi, CA 95240
6Beds
0Bath
2,684Sqft
11,935Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income & Multi-Unit Potential: The property features two beautifully updated homes on one lot, offering immediate rental income, multi-generational living, or FHA owner-occupant investment opportunities.
Top Cons:
Age of Primary Structure: The front residence was built in 1945, which, despite updates, may imply older underlying infrastructure or potential for age-related maintenance issues over time.
Compared to the nearby listings
Price:$650.0K vs avg $650.0K (+$0)50%
Size:2,684 sqft vs avg 2,524 sqft67%
Price/sqft:$242 vs avg $24250%
More Insights
Built in 1945 (81 years old).
Condition: The property is described as 'beautifully updated' and 'tastefully updated throughout' for the main residence, with a 'newer addition' for the second home, indicating move-in ready conditions. The exterior image shows a well-maintained home with good curb appeal. While the front residence was built in 1945, the extensive updates mentioned suggest it has been significantly renovated within the last 5-15 years, aligning with a 'Good' rating. However, the absence of interior photos, particularly for the kitchen and bathrooms, prevents a higher score, as the style, quality, and recency of these critical areas cannot be fully assessed. The visible window AC unit on the front house also suggests potential limitations in the HVAC system.
Year Built
1945
Close
-
List price
$650K
Original List price
-
Price/Sqft
$242
HOA
$0
Days on market
-
Sold On
-
MLS number
41120030
Home ConditionGood
Features
View-
About this home
Exceptional Investment & Development Opportunity in Lodi! Discover two beautifully updated homes on one expansive 11,943 sq. ft. lot. The front residence spans approximately 1,974 sq. ft. and features four spacious bedrooms and two bathrooms, tastefully updated throughout. The second home, a newer 710 sq. ft. addition, offers two bedrooms and one bath, perfect for extended family, guests, or rental income. Live in one and rent the other with FHA financing options, or maximize returns by leveraging the lot-split potential to build two more units, a rare opportunity to expand value and cash flow in a highly desirable Lodi neighborhood. Don’t miss your chance, opportunities like this are few and far between. Endless potential, excellent location, and strong income prospects.
V
Vikaas Dixit
Listing Agent
Price History
Date
Event
Price
01/31/22
Sold
$640,000
Condition Rating
Good
The property is described as 'beautifully updated' and 'tastefully updated throughout' for the main residence, with a 'newer addition' for the second home, indicating move-in ready conditions. The exterior image shows a well-maintained home with good curb appeal. While the front residence was built in 1945, the extensive updates mentioned suggest it has been significantly renovated within the last 5-15 years, aligning with a 'Good' rating. However, the absence of interior photos, particularly for the kitchen and bathrooms, prevents a higher score, as the style, quality, and recency of these critical areas cannot be fully assessed. The visible window AC unit on the front house also suggests potential limitations in the HVAC system.
Pros & Cons
Pros
Exceptional Income & Multi-Unit Potential: The property features two beautifully updated homes on one lot, offering immediate rental income, multi-generational living, or FHA owner-occupant investment opportunities.
Significant Development Opportunity: Rare lot-split potential allows for the construction of two additional units, providing substantial future value appreciation and cash flow expansion.
Expansive Lot Size: A generous 11,935 sq. ft. lot provides ample space for the existing dual residences and supports future development plans.
Updated Residences: Both homes are described as 'beautifully updated' and 'tastefully updated,' reducing immediate renovation costs and offering move-in ready conditions.
Desirable Lodi Location: Situated in a 'highly desirable Lodi neighborhood' with an 'excellent location,' enhancing rental demand and long-term property value.
Cons
Age of Primary Structure: The front residence was built in 1945, which, despite updates, may imply older underlying infrastructure or potential for age-related maintenance issues over time.
Increased Management Complexity: Operating a multi-unit property, and potentially more units after development, requires more involved property management and landlord responsibilities than a single-family home.
Niche Buyer Pool: The property's primary appeal as an investment and development opportunity may narrow the potential buyer pool compared to a traditional single-family residence.