427 Ellis Street, King City, California 93930, King City, 93930 - 2 bed, 1 bath
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King City, California 93930
This Investment-Focused Single-Family Asset is listed at $398,000, representing a stable entry point aligned with its $379,987 Fair Market Value. Currently holding a Condition Rating of 4, the property serves as a high-potential Value-Add opportunity featuring a 5,000 sq. ft. lot and a garage suited for ADU conversion. Recent updates include a newer roof, ensuring lower initial capital expenditure and higher ROI potential. Located within walking distance to downtown King City schools and parks, this is a strategic choice for Buy-and-Hold Investors or first-time buyers looking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 Ellis Street Subject | $385,000 | 2 | 1 | 918 | $414 | - |
A 214 Carlson Street Sold | $495,000 | 3 | 2 | 1,218 | $406 | 0.4 mi |
B 431 Ellis Street Active Under Contract | $398,000 List Price | 2 | 1 | 1,032 | $386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this property is marketed as an 'investment opportunity' with 'endless possibilities,' which are industry terms for a home needing interior updates. While the exterior is well-maintained with a newer roof and tidy landscaping, the complete absence of interior photos—specifically of the kitchen and bathroom—strongly suggests these areas are outdated and require modernization. The home appears functional and livable but lacks the contemporary features and systems found in higher-rated properties.
The property is ideally situated within walking distance to local schools, parks, restaurants, and downtown King City, offering high convenience for residents.
With a 5,000 sq. ft. lot and an existing garage suitable for potential conversion, there is significant opportunity to add value or create an ADU.
The inclusion of a newer roof and low-maintenance landscaping provides immediate peace of mind and lower initial upkeep costs for a buyer.
At just 918 square feet and nearly a century old, the home's compact size and aged infrastructure may require extensive updates to suit modern needs.
The property has been on the market for over 400 days, which may indicate historical overpricing or buyer hesitation regarding its condition.
Endless Possibilities Await - Great Investment Opportunity! Don't miss this affordable two-bedroom, one-bath home character home offering plenty of potential in a sought-after location. With a newer roof and a spacious lot, low maintenance landscape, this property provides the flexibility to create the space you've been looking for. An existing garage provides valuable storage and may offer future possibilities for a creative conversion, buyer to verify. This home presents a great opportunity for first-time buyers or savvy investors looking to build equity over time. Situated within walking distance to schools, parks, restaurants, shopping, and downtown, this home offers both convenience and opportunity. Properties with this much potential don't come around often, schedule a viewing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.5 | 17% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 918 | 1,550 | 7% |
| Lot Size | 5,000 | 5,620 | 33% |
| Price | $385.0K | $589.9K | 10% |
| Price per sq ft | $419 | $381 | 80% |
| Built year | 1930 | 2020 | 7% |
| HOA | $0 | $85 | 30% |
| Days on market | 425 | 173 | 0% |
Mar 10, 2026
$398,000
Initial Listing
Feb 21, 2025
$419,000
Initial Listing