421 E Commonwealth Avenue 423, San Jacinto, California 92583, San Jacinto, 92583 - bed, bath
ACTIVE$565,000
421 E Commonwealth Avenue 423, San Jacinto, California 92583
0Bed
0Bath
2,500Sqft
65,340Lot
Year Built
1962
Close
-
List price
$565K
Original List price
$595K
Price/Sqft
$226
HOA
-
Days on market
-
Sold On
-
MLS number
TR25001743
Home ConditionFair
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $565.0K(50th), sqft - 2500(67th), beds - undefined(50th), baths - undefined(50th).
Great investment and income producing opportunity on a ±1.5 Acres lot. The duplex consists of one unit with 3 bedrooms and 3 bathrooms and the second unit with 2 bedrooms and 1 bathroom and a car garage. There are two separate entrances to the back and each unit have their own address and driveway. The entire property was fully fenced and has an newer roof, new sewer system connected to public line, solar panels. Perfect location! There is a walmart across the street, close proximity to Shopping Centers, Public Transportation, Gas Station, Movie Theater, and Restaurants.
Condition Rating
Fair
The property was built in 1962, making it 62 years old. While the listing mentions significant functional updates such as a 'newer roof, new sewer system, and solar panels,' there are no interior images provided to assess the condition, style, or features of the kitchens, bathrooms, flooring, or other interior components. The exterior images show a dated appearance, and the visible window AC unit suggests older cooling systems. Given its age and the lack of evidence of comprehensive interior renovations, it's highly probable that the interior requires cosmetic updates to meet modern standards. The property appears maintained with functional system upgrades, preventing a 'Poor' or 'Tear-down' rating, but it lacks the recent, extensive renovations needed for a 'Good' or 'Excellent' score.
Pros & Cons
Pros
Income Producing Duplex: The property is explicitly marketed as a 'Great investment and income producing opportunity,' featuring two distinct units (3 bed/3 bath and 2 bed/1 bath) ideal for generating rental income.
Expansive Lot Size: Situated on a substantial ±1.5-acre lot (65,340 sqft), offering significant space for privacy, potential expansion, or future development opportunities.
Recent Capital Upgrades: Key improvements such as a newer roof, a new sewer system connected to public lines, and solar panels have been installed, reducing immediate capital expenditures for a new owner.
Prime Retail & Amenity Proximity: Boasts a highly convenient location directly across from Walmart and in close proximity to shopping centers, public transportation, gas stations, movie theaters, and restaurants, enhancing tenant appeal.
Independent Unit Functionality: Each unit benefits from its own address, separate driveway, and distinct entrance, ensuring privacy and independent living for tenants.
Cons
Property Age: Built in 1962, the property is over 60 years old, which may imply potential for aging systems (e.g., plumbing, electrical, HVAC not specified) or require ongoing maintenance beyond the noted upgrades.
Recent Price Reduction: The property has undergone a price reduction from $595,000 to $565,000, which could suggest it was initially overpriced or has faced challenges attracting buyers.
Undisclosed Interior Condition: While exterior upgrades are highlighted, the description lacks specific details regarding the interior condition or recent renovations of the individual units, potentially indicating a need for cosmetic or functional updates.