3904 Mount Pinos Way, Frazier Park, CA 93225, Frazier Park, 93225 - 3 bed, 4 bath
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3904 Mount Pinos Way
Frazier Park, CA 93225
ACTIVE
CONDITION: POOR
3Beds
4Baths
1Sq Ft
7,617Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$513,764
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,999—positioned well below the $600,000 Fair Market Value by 2%. This valuation gap offers $100,010 in Instant Equity for buyers. Featuring a Fair Condition Rating and vintage infrastructure, the property offers significant value-add potential through renovation. With a versatile 3-unit configuration and approval for a 4th, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Estimated Market Value
$513,764
Based on Realkey algorithm analyzing recent comparable sales in Frazier Park.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3904 Mount Pinos Way Subject | $499,999* List Price | 3 | 4 | 1 | $513,765 | - |
A 3904 Mount Pinos Way Active Under Contract | $575,000 List Price | 3 | 4 | 1 | $575,000 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1945 with no evidence of major renovations in the last 30-50 years. The interior features highly dated elements such as an old-style wall heater and stone fireplace, while the basement shows original stone foundation and aging utility lines, indicating the property requires significant rehabilitation and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7617, living area = 1.
- Significant Instant Equity
The property is listed at $499,999 despite a recent appraisal of $600,000, providing an immediate equity position of $100,000 for the buyer.
- High Income Potential
Currently configured as three units with approval for a fourth, the property offers a projected gross monthly income of $4,500 and a versatile layout for investors.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1945, the property may require significant ongoing maintenance or updates to aging electrical, plumbing, and structural systems typical of mid-century mountain homes.
- Incomplete Property Data
The listing indicates a living area of only 1 square foot, suggesting missing or inaccurate square footage documentation which could complicate financing and appraisal valuations.
About 3904 Mount Pinos Way
🏡 Versatile Income Property | Listed at $499,999| Appraised at $600,000Approved for Up to 4 Units - Currently Configured as 3 UnitsExcellent income-producing property with flexible layout options. Property features 3 existing rental units with potential for up to 4 per city approval. Each unit has private entrances, fenced yards, and off-street parking.🛏️ Current Layout: Unit 1: 2 Bed / 2 Bath - Spacious living room with fireplace, two fenced yards, private laundry hookups, large usable basement with multiple rooms, and full RV hookups. Unit 2: 1 Bed / 1 Bath - Located upstairs with large fenced yard, private shop, and access to shared laundry in exterior shed. Unit 3 (Bachelor): Studio unit with private yard and access to shared laundry.🔧 All units have private parking. Separate outdoor spaces for each unit. Strong rental history.💰Potential Rental Income: 2-Bedroom: $2,000/mo 1-Bedroom: $1,500/mo Bachelor: $1,000/moTotal Income: $4,500/monthIdeal for investors or owner-occupants seeking income potential. Close to amenities, well-maintained, and ready for new ownership.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 7,617 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 1 | 1,564.667 |
| Lot Size | 7,617 | 5,468 |
| Price | $500.0K | $344.9K |
| Price per sq ft | $500.0K | $227 |
| Built year | 1945 | 1989 |
| HOA | $0 | $0 |
| Days on market | 27 | 175 |
Pricing History
Listed for Sale
Aug 13, 2026
$499,999
Initial Listing