
Frazier Park, CA 93225
🏡 Versatile Income Property | Listed at $575,000 | 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.💰 Rental Income:2-Bedroom: $2,000/mo1-Bedroom: $1,500/moBachelor: $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 is moderate renovation needed.
Built in 1945, this multi-unit property shows its age. While functional and income-producing, the kitchens feature dated styles (e.g., light green painted cabinets, older appliances, basic wood-look counters) and the bathrooms have older tile work. The property appears maintained through regular upkeep and some updates, but these are not recent extensive renovations. Major components are functional but show signs of being outdated, aligning with the 'fair' condition criteria.
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.
The property is an excellent income producer with $4,500/month current income and is listed below its appraised value of $600,000, offering instant equity for the buyer.
Currently configured as 3 units with city approval for up to 4, providing significant flexibility for investors or owner-occupants to maximize income.
Built in 1945, the property may have older systems (e.g., plumbing, electrical) and could require ongoing maintenance or future upgrades not explicitly detailed.
Two of the three units (1-Bedroom and Bachelor) rely on shared laundry in an exterior shed, which could be a minor inconvenience for tenants compared to in-unit options.
The total square footage for the property is not accurately provided in the listing, making it challenging for potential buyers to fully assess the property's size and value per square foot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.2 |
| Square foot | 1 | 1,436.625 |
| Lot Size | 7,617 | 7,459.063 |
| Price | $575.0K | $317.5K |
| Price per sq ft | $575.0K | $222 |
| Built year | 1945 | 1984 |
| HOA | $0 | $110 |
| Days on market | 380 | 122 |
Oct 9, 2025
$575,000
Initial Listing