
Frazier Park, CA 93225
This Multi-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $275,000—positioned well below the $277,769 Fair Market Value by 1%. This property offers $2,769 in Instant Equity. Featuring a 1-bedroom main residence, a detached un-permitted studio, and a massive workshop, the property provides significant value-add potential. With a Condition Rating of 4, the home requires modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 343 San Miguel Subject | $275,000* List Price | 1 | 1 | 758 | $366 | - |
A 729 N Avalon Trail Pending | $259,000 List Price | 2 | 1 | 793 | $327 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property retains many original elements including dated kitchen cabinetry and older wall-mounted heating units. While it features some newer laminate flooring, the overall systems and finishes are well over 20 years old, requiring modernization and minor repairs to meet current standards.
The property includes a detached studio and a massive workshop, providing rare versatility for rental income or potential ADU conversions to maximize cash flow.
Boasting breathtaking, unobstructed views of the surrounding mountains from the front porch, the property offers a premium natural setting that enhances its appeal as a retreat.
Priced competitively at $275,000, this lot offers significant value-add opportunities for seasoned investors or first-time buyers looking to build equity through property improvements.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3664, other record lot size in square feet = 3484.
The detached studio is un-permitted, which may complicate traditional financing options and requires the buyer to assume responsibility for local zoning and building compliance.
With only one bedroom and 758 square feet of living area in the main residence, the property's interior footprint is quite small, potentially limiting its appeal to larger households.
Welcome to Your Next Great Venture: Imagine starting your morning on the front porch, coffee in hand, watching the sun light up panoramic mountain views. Tucked away in the heart of Frazier Park, 343 San Miguel Trail is a property defined by its breathtaking natural backdrop and its endless list of possibilities. Whether you are a seasoned investor searching for your next high-yield rental or a homeowner looking for a mountain escape that pays for itself, this unique property is ready for its next chapter. The main residence is a cozy, sunlit 1-bedroom, 1-bathroom home that serves as a perfect mountain retreat. Step outside and you'll find a spacious yard designed for true California living, complete with a welcoming front porch, a generous front lawn, and a private back patio ideal for evening barbecues under the stars. Unmatched Versatility & Value Add. What truly sets this property apart is the incredible footprint of the lot, offering flexibility that is rare to find: - The Bonus Studio: A detached, un-permitted studio apartment sits on the property, offering the ultimate setup for passive income. Rent out both units to maximize your cash flow, or live in the main house while letting a tenant cover a portion of your mortgage. - The Dream Workshop & Garage: For the hobbyist, creator, or tradesperson, the massive detached garage and workshop is an absolute game-changer. It offers an abundance of storage and workspace—or, for the forward-thinking investor, a prime candidate for a potential third-unit conversion to truly maximize the lot. (Note: Buyer to verify all permits, square footage, and conversion potential with local zoning and county guidelines.) Properties with this much flexibility, character, and view potential do not last long. Bring your vision, explore the options, and unlock the true potential of this Frazier Park gem!
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 758 | - |
| Lot Size | 3,664 | - |
| Price | $275.0K | $404.2K |
| Price per sq ft | $363 | $220 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 35 | 99 |
Jun 17, 2026
$275,000
Initial Listing
Nov 6, 2019
$162,000
Public Record