38992 Vineland, Cherry Valley, California 92223, Cherry Valley, 92223 - bed, bath
38992 Vineland
Cherry Valley, California 92223
Property Price
SUMMARY
Analysis of 38992 Vineland, Cherry Valley, California 92223 is currently available with a list price of $659,999. 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 Cherry Valley 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.
The property consists of structures built in 1930 and 1960. While some units have received minor cosmetic updates such as newer laminate flooring and fresh paint, the kitchens and bathrooms remain largely original or dated with older cabinetry and fixtures. The overall condition reflects a property that has been maintained through regular upkeep but shows significant signs of age and requires modernization to meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Versatility
The rare '3 on a lot' configuration provides exceptional flexibility for investors seeking triple income streams or owner-occupants looking to offset their mortgage significantly.
- Utility Independence
All three units are individually metered with separate addresses, simplifying property management and reducing owner overhead expenses.
- Expansive Lot and Parking
The massive 27,443 sq. ft. lot offers private backyards for every unit and ample space for RV or toy parking, a high-demand feature in this region.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2669, other record living area = 893.
- Age and Condition Concerns
With structures dating back to 1930 and 1960, and one unit described in 'original glory,' buyers should anticipate significant costs for modernization and repairs.
- Increased Maintenance Liability
Managing three separate dwellings and a large landscaped lot increases the complexity and long-term capital expenditure requirements for roofs, plumbing, and groundskeeping.
About 38992 Vineland
WELCOME TO THE EXCLUSIVE ENCLAVE OF CHERRY VALLEY A HIGHLY SOUGHT AFTER COMMUNITY. ***3 On A Lot***Come discover this UNICORN OF A PROPERTY that is on the market for the FIRST TIME in almost 40 years. A win-win opportunity for investors or owner-occupants. All individually metered, separate addresses and private backyards. A money maker for an investor or for an owner occupant, the flexibility to live in 1 and have the other 2 pay your mortgage. Up front you will find a Duplex consisting of 2-bedroom 1 bath 886 square feet units with individual garages with laundry hook ups and good size private back yards. Tucked away down a private drive you will find the 3rd dwelling. A charming single-family home built in approx 1930, set way back from the street. The back house is 2-bedroom 1 bath 860 sq feet surrounded by gorgeous flowers and a huge yard with plenty of RV or toy parking. There are also laundry hooks up in the charming industrial trendy storage unit. The front right duplex unit (38994) was updated with laminate flooring, recently painted and refreshed original kitchen cabinets. The left unit (38992) presents in all its original glory. Whether you're seeking rental income, a multi-generational living arrangement, or a peaceful retreat with mountain views, this property delivers flexibility and potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1960
- Lot Size
- 27,443 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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,669 | 2,550 | 71% |
| Lot Size | 27,443 | 10,890 | 86% |
| Price | $660.0K | $660.0K | 50% |
| Price per sq ft | $247 | $258 | 43% |
| Built year | 1960 | 1953 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 178 | 29% |
Pricing History
Listed for Sale
Jan 23, 2026
$659,999
Initial Listing