32568 Kentucky Street, Yucaipa, California 92399, Yucaipa, 92399 - bed, bath
ACTIVE$650,000
32568 Kentucky Street, Yucaipa, California 92399
0Bed
0Bath
1,360Sqft
96,267Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 96267, living area = 1360.
Top Cons:
History of Price Reductions: Multiple price drops from an original list price of $790,000 to $650,000 indicate potential market resistance or initial overpricing.
Compared to the nearby listings
Price:$650.0K vs avg $575.0K (+$75,000)62%
Size:1,360 sqft vs avg 1,760 sqft31%
Price/sqft:$478 vs avg $33492%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, the property is over 70 years old with no indication of recent major renovations. The listing description and property analysis explicitly suggest 'potential for outdated systems, deferred maintenance, or the need for significant renovation to modernize.' While currently rented, implying basic habitability, the lack of interior photos, especially for the kitchen and bathrooms, combined with the age, strongly suggests these areas are significantly outdated and require substantial repairs and rehabilitation to meet current quality standards. The exterior appearance is consistent with an older, un-modernized home.
Year Built
1950
Close
-
List price
$650K
Original List price
$790K
Price/Sqft
$478
HOA
-
Days on market
-
Sold On
-
MLS number
IV25029814
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Huge investment opportunity!!! Owner just completed and recorded lot-split to create three large parcels totaling over 2 acres of flat useable land. Includes fully rented 960 SF house and 400 SF converted garage ADU on one of the parcels, the other two are flat raw land. Collect rents while you develop the back. Zoning is single family residential. Build two more houses and two more ADU's to bring total to 6 rentable units or build off and sell. Sewer in street. 12 water shares included. Huge opportunity awaits! **Buyer should not rely any information herein, buyer advised to verify all information and do all due diligence independently **
Condition Rating
Poor
Built in 1950, the property is over 70 years old with no indication of recent major renovations. The listing description and property analysis explicitly suggest 'potential for outdated systems, deferred maintenance, or the need for significant renovation to modernize.' While currently rented, implying basic habitability, the lack of interior photos, especially for the kitchen and bathrooms, combined with the age, strongly suggests these areas are significantly outdated and require substantial repairs and rehabilitation to meet current quality standards. The exterior appearance is consistent with an older, un-modernized home.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 96267, living area = 1360.
Extensive Development Opportunity: Property includes three parcels totaling over 2 acres, with two parcels of flat raw land zoned for single-family residential, allowing for significant expansion (up to 6 rentable units) or future subdivision.
Immediate Income Generation: Features a fully rented 960 SF house and a 400 SF converted ADU, providing instant rental income for the buyer.
Large, Usable Acreage: Over 2 acres of flat, usable land offers substantial space for development, landscaping, or recreational use.
Key Utilities in Place: Availability of sewer in the street and 12 water shares significantly streamlines future development and reduces infrastructure costs.
Scenic Mountain Views: The property benefits from desirable mountain views, enhancing its aesthetic appeal and potential market value.
Cons
History of Price Reductions: Multiple price drops from an original list price of $790,000 to $650,000 indicate potential market resistance or initial overpricing.
Age of Primary Structure: The main house was built in 1950, suggesting potential for outdated systems, deferred maintenance, or the need for significant renovation to modernize.
High Due Diligence Requirement: The listing explicitly advises extensive buyer verification, which, while standard, underscores the complexity of the investment and development aspects, requiring thorough independent investigation.