448 Fermoore, San Fernando, California 91340, San Fernando, 91340 - 3 bed, 2 bath
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San Fernando, California 91340
This Value-Add Duplex Conversion Asset is listed at $800,000, positioned relative to a $654,765 Fair Market Value that reflects its current Condition Rating of 5. While the 1952 residence requires a comprehensive "as-is" rehabilitation to address deferred maintenance, the property includes Approved Plans and Permits to Legalize a Second Home, offering a rare and immediate path to a legal duplex. Located in the independent city of San Fernando near Los Angeles Unified schools, the site promises high rental demand. This acquisition is a strategic project for Fix-and-Flip Investors or Buy-and-Hold Investors focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 448 Fermoore Subject | $800,000* List Price | 3 | 2 | 1,294 | $506 | - |
A 1128 7th Sold | $606,000 | 3 | 2 | 1,118 | $542 | 0.7 mi |
B 1037 1037 Kewen Sold | $585,000 | 3 | 1 | 1,040 | $563 | 0.8 mi |
C 2050 7th Street Sold | $600,000 | 3 | 2 | 1,350 | $444 | 0.7 mi |
D 12547 Cometa Avenue Sold | $715,000 | 3 | 2 | 1,122 | $637 | 1.0 mi |
E 316 Orange Grove Sold | $830,000 | 2 | 2 | 1,523 | $545 | 0.2 mi |
F 1319 Hollister Street Active | $750,000 List Price | 4 | 2 | 1,300 | $577 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Marketed as an 'Investor Special' in 'as-is' condition, this 1952 home requires substantial rehabilitation. The interior features heavily stained and worn carpeting, dated wood paneling, popcorn ceilings, and an original pink tile bathroom showing significant wear. The kitchen contains aged oak cabinetry and outdated appliances, while the secondary structure appears to be in a state of mid-renovation or disrepair, necessitating significant capital investment to modernize and legalize.
The property comes with approved plans and permits to legalize a second dwelling, offering a rare and valuable opportunity to convert the home into a legal duplex for instant equity.
Located in the independent city of San Fernando, residents benefit from localized police and fire departments, well-maintained parks, and a charming downtown district with high accessibility.
The ability to legalize and rent out a second unit provides a significant advantage for investors or homeowners looking for consistent cash flow to offset mortgage payments.
Marketed as an 'Investor Special' in 'as-is' condition, the property requires a substantial capital injection and 'tender loving care' to address deferred maintenance and complete the permitted upgrades.
Built in 1952, the home may present challenges related to aging systems and structural components typical of mid-century builds, which could lead to unforeseen costs during the renovation process.
Investor Special!!! Welcome to your opportunity to create instant equity, wealth, and cash flow as this charming 3 bed, 2 bath, 1,294 permitted living square foot home comes with approved plans and permits to legalize the second home in the back!!! At this price you are buying a future duplex for the price of a home!! Located in the desirable quiet pocket and private city of San Fernando which provides its own police department, fire department, well maintained parks, beautiful downtown shopping and dining, its own city hall for superior accessibility, and so much more! With a creative vision and a little tender loving care this home can be turned into the home of your dreams! One of the best parts about this home is that after the renovations and legalization of the back house is completed the home’s value will instantly skyrocket where you will have the option to either move in some family into the back house or rent it out for instant cashflow helping you pay off your mortgage even faster! Finding a better deal than this will be nearly impossible! Call and text today to schedule your private showing to get a good feel of the home and see the massive potential that this home has to offer! Home to be sold in its current “as-is” condition and approved plans and permits are to be provided to the buyer with the sale of the home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,294 | 1,433 | 41% |
| Lot Size | 5,685 | 6,823.5 | 23% |
| Price | $800.0K | $770.0K | 55% |
| Price per sq ft | $618 | $544 | 73% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 176 | 5% |
Apr 15, 2026
$800,000
Initial Listing