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

416 Jean
Ridgecrest, CA 93555
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Jean Subject | $325,000* List Price | 3 | 3 | 1,407 | $221 | - |
A 329 E Church Avenue Sold | $267,900 | 4 | 2 | 1,264 | $212 | 0.8 mi |
B 400 Vista Street Sold | $253,000 | 3 | 2 | 1,331 | $190 | 1.0 mi |
C 224 N Florence Street Sold | $250,000 | 3 | 2 | 1,005 | $249 | 0.1 mi |
D 224 N Florence Street Sold | $250,000 | 3 | 2 | 1,005 | $249 | 0.1 mi |
E 321 Thomas Street Sold | $420,000 | 4 | 2 | 1,916 | $219 | 0.9 mi |
F 409 N. Alvord St Active | $228,000 List Price | 3 | 2 | 1,328 | $172 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,407 | 1,478.5 | 46% |
| Lot Size | 7,712 | 7,899.5 | 33% |
| Price | $325.0K | $250.0K | 79% |
| Price per sq ft | $231 | $164 | 88% |
| Built year | 1956 | 1975 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 216 | 4% |
Pricing History
Listed for Sale
Jan 30, 2026
$325,000
Initial Listing








































