428 N Norma, Ridgecrest, CA 93555, Ridgecrest, 93555 - 2 bed, 1 bath
428 N Norma
Ridgecrest, CA 93555
Property Price
SUMMARY
Analysis of 428 N Norma, Ridgecrest, CA 93555 reveals a Fairly Priced Property with a current list price of $149,900 aligned with the estimated $151,377 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1952, this property is over 70 years old and shows significant signs of neglect and disrepair. The listing description explicitly states 'Fix up and upgrade to your specifications' and mentions 'rehab financing available,' confirming the need for substantial renovation. Images reveal a broken window, damaged door frame, exposed wiring, and general dilapidation, indicating major defects affecting safety and soundness. The property requires extensive repairs and rehabilitation, including likely full replacement of kitchen, bathroom, and all major systems, to be habitable.
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 = 9524, living area = 864.
- Affordable Price Point
With a list price of $149,900, this property offers an accessible entry into homeownership or an attractive investment opportunity in the Ridgecrest market.
- Rehab Financing Option
The availability of 'Low down rehab financing' is a significant advantage, enabling buyers to fund necessary renovations and customize the home to their preferences.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9524, other record lot size in square feet = 9583.
- Age and Condition Requiring Renovation
Built in 1952, the home is over 70 years old, and the description 'Fix up and upgrade to your specifications' clearly indicates it requires significant renovation and modernization.
- Limited Living Space
At only 864 sqft, the property offers a compact living area, which may be restrictive for larger families or those desiring more expansive indoor space.
About 428 N Norma
Centrally located Ridgecrest 2 Bedroom 1 Bath Home with 2 car garage. Low down rehab financing available. Fix up and upgrade to your specifications.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 9,524 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 | 4% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 864 | 1,478.5 | 4% |
| Lot Size | 9,524 | 8,069 | 67% |
| Price | $149.9K | $250.0K | 13% |
| Price per sq ft | $173 | $164 | 58% |
| Built year | 1952 | 1975 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 216 | 4% |
Pricing History
Listed for Sale
Jan 12, 2026
$149,900
Initial Listing
Sold
Jun 15, 2007
$85,000
Public Record
Sold
May 1, 2003
$36,000
Public Record