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3904 Mount Pinos Way, Frazier Park, CA 93225, Frazier Park, 93225 - 3 bed, 4 bath

3904 Mount Pinos Way, Frazier Park, CA 93225 home-pic-0
ACTIVE UNDER CONTRACT$575,000$1/sqft
3904 Mount Pinos Way, Frazier Park, CA 93225
3Beds
4Baths
1Sqft
7,617Lot

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 = 7617, living area = 1.
Top Cons:
Active Under Contract Status: The property is currently 'Active Under Contract,' which significantly restricts the pool of potential new buyers and immediate offer opportunities.

Compared to the nearby listings

Price:$575.0K vs avg $315.0K (+$260,000)87%
Size:1 sqft vs avg 1,220 sqft7%
Price/sqft:$575.0K vs avg $23193%

More Insights

Built in 1945 (81 years old).
Condition: Built in 1945, this property shows signs of regular maintenance but lacks recent modern renovations. The kitchen features dated green painted cabinets and wood countertops, and the visible heating system (wall heater) and fireplace are older. While described as 'well-maintained' and income-producing, the overall aesthetic and visible components suggest the property is functional but would require minor updates to bring it to current quality and style standards, aligning with a 'fair' condition.
Year Built
1945
Close
-
List price
$575K
Original List price
-
Price/Sqft
$575,000
HOA
$0
Days on market
-
Sold On
-
MLS number
V1-32779
Home ConditionFair
Features
Good View:
View-

About this home

🏡 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.

B
Brenda Hatfield
Listing Agent
Condition Rating
Fair
Built in 1945, this property shows signs of regular maintenance but lacks recent modern renovations. The kitchen features dated green painted cabinets and wood countertops, and the visible heating system (wall heater) and fireplace are older. While described as 'well-maintained' and income-producing, the overall aesthetic and visible components suggest the property is functional but would require minor updates to bring it to current quality and style standards, aligning with a 'fair' condition.
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 = 7617, living area = 1.
High Income Potential & Multi-Unit Configuration: The property is an excellent income-producing asset with 3 existing units generating $4,500/month and city approval for a 4th unit, offering significant cash flow.
Immediate Equity & Value: Listed at $575,000, which is below its appraised value of $600,000, providing potential for immediate equity upon purchase.
Tenant-Centric Amenities: Each unit offers desirable features such as private entrances, fenced yards, and off-street parking, enhancing tenant satisfaction and retention.
Versatile Use & Expansion Capability: Appeals to both investors and owner-occupants, with flexibility for expansion (4th unit) and unique features like a large usable basement and RV hookups in Unit 1.
Strong Rental History & Condition: Benefits from a strong rental history and is described as well-maintained, indicating a stable and ready-to-operate investment.

Cons

Active Under Contract Status: The property is currently 'Active Under Contract,' which significantly restricts the pool of potential new buyers and immediate offer opportunities.
Data Inconsistencies & Missing Information: Critical data points like square footage (listed as '1 sqft') and the 'on_market_date' (future date) are inaccurate or missing, requiring further verification.
Age of Property & Potential Classification Discrepancy: Built in 1945, the property may have older systems. Its classification as 'Single Family Residence' despite being a 3-unit income property could indicate a zoning or classification discrepancy needing clarification.
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