416 Jean, Ridgecrest, CA 93555, Ridgecrest, 93555 - 3 bed, 3 bath

416 Jean, Ridgecrest, CA 93555 home-pic-0

416 Jean

Ridgecrest, CA 93555

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,407Sq Ft
7,712Lot Size

Property Price

LIST PRICE$325,000
EST. MARKET VALUE
$310,386
4% AboveMARKET VALUE

SUMMARY

Analysis of 416 Jean, Ridgecrest, CA 93555 reveals a property with a current list price of $325,000, which is 4% above the estimated $310,386 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Ridgecrest 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.

Estimated Market Value

$310,386
Based on Realkey algorithm analyzing recent comparable sales in Ridgecrest.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
416 Jean
Subject
$325,000*
List Price
331,407$221-
A
329 E Church Avenue
Sold
$267,900421,264$2120.8 mi
B
400 Vista Street
Sold
$253,000321,331$1901.0 mi
C
224 N Florence Street
Sold
$250,000321,005$2490.1 mi
D
224 N Florence Street
Sold
$250,000321,005$2490.1 mi
E
321 Thomas Street
Sold
$420,000421,916$2190.9 mi
F
409 N. Alvord St
Active
$228,000
List Price
321,328$1720.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant recent interior updates. The main house includes updated laminate flooring, a modernized kitchen with stainless steel appliances and stone countertops, and renovated bathrooms with contemporary tiling and fixtures. While the original structure was built in 1956 and some exterior elements like the pool area show signs of age, the primary living spaces have been refreshed within the last 5-10 years, meeting the criteria for a well-maintained, updated home.

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 = 7712, living area = 1407.

  • Multi-Unit Income Potential

    This unique property features three separate living units—a main house, a studio conversion, and a detached ADU—offering exceptional house-hacking opportunities and an estimated cap rate over 7%.

  • Significant Seller Incentives

    The seller is offering a 3/2/1 mortgage rate buydown, which can lower initial interest rates into the 3% range, drastically improving affordability and cash flow for the buyer.

CONSRISKS & DEFICIENCIES

  • Loss of Covered Parking

    The conversion of the garage into a studio unit means the property lacks traditional covered parking and enclosed storage, which may be a disadvantage for some residents.

  • Aging Infrastructure

    Originally built in 1956, the property may require more frequent maintenance or updates to its older core systems compared to newer constructions in the area.

About 416 Jean

Welcome to 416 Jean Ave! You do not want to miss this rare opportunity, thats perfect for so many different types of buyers with endless possibilities. Whether you are a first time homebuyer that wants to offset your mortgage, possibly house-hack and live essentially for free. Or maybe your a first time investor or a very experienced investor that wants to take advantage of the 1% rule, which is unheard of in todays market. This home has an estimated cap rate over 7%. This property can also be perfect for a multigenerational family, with 3 separate units. Seller is willing to pay for a 3/2/1 buydown, getting you the buyer rates into the 3%'s and a payment of $1800s with just 10% down. The main house features three bedrooms with two updated bathrooms, updated flooring throughout and its own separate spacious backyard, with a living sq ft at 1407. The garage was converted into a studio with its own bathroom and space for a kitchenette. It has its own access and heating source and additional sq ft of 320 living space. In addition, there is a separate detached ADU of 370 sq ft plus the enclosed balcony, with its own bathroom and kitchenette, and the best views on the property. The property also features a massive pool, with new pool pump and filter for those hot summer days. This home is also part of our dream home program, so if there is anything you want changed, updated or remodeled we can do that in escrow, just like new construction. This home beats the 1% rule as an investor, or someone can live in the ADU and have their mortgage paid by the other two units. Its one of the best values in Ridgecrest, with a list price far below the average price per sq ft. Call today for your showing!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1956
Lot Size
7,712 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.02.0
83%
Square foot1,4071,478.5
46%
Lot Size7,7127,899.5
33%
Price$325.0K$250.0K
79%
Price per sq ft$231$164
88%
Built year19561975
21%
HOA$0$0
50%
Days on market36216
4%

Pricing History

Listed for Sale

Jan 30, 2026

$325,000

Initial Listing

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