
San Fernando, California 91340
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $689,390 Fair Market Value by -8%. While the list price exceeds the current valuation, the property offers significant upside through its approved plans and permits to legalize a second unit. With a Fair Condition Rating, this asset requires a comprehensive renovation to unlock its full potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on the city's rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 448 Fermoore Subject | $749,000* List Price | 3 | 2 | 1,294 | $533 | - |
A 1128 7th Sold | $606,000 | 3 | 2 | 1,118 | $542 | 0.7 mi |
B 920 Brand Sold | $689,000 | 3 | 1 | 1,056 | $652 | 0.8 mi |
C 2050 7th Street Sold | $600,000 | 3 | 2 | 1,350 | $444 | 0.7 mi |
D 1319 Hollister 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.
Built in 1952 and marketed as an 'Investor Special,' this property requires significant rehab. The interior features dated wood paneling, popcorn ceilings, and wall-mounted AC units, while the listing explicitly states it is being sold 'as-is' for a buyer with a 'creative vision' to complete necessary renovations.
The property includes approved plans and permits to legalize a second unit, offering a rare opportunity to convert the residence into a duplex for immediate rental cash flow or multi-generational living.
Situated in the independent City of San Fernando, the home benefits from dedicated municipal services, including its own police and fire departments, and proximity to a vibrant downtown shopping and dining district.
Priced as a single-family home but featuring the permits for a second dwelling, this 'investor special' provides a clear path to significant equity gains upon completion of the renovations.
The property is being sold in its current 'as-is' state and requires significant renovation and 'TLC,' necessitating a buyer with available capital for construction and repairs.
Built in 1952, the home likely requires extensive updates to major systems and finishes to meet modern standards and successfully integrate with the planned second unit.
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 |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,294 | 1,505.8 |
| Lot Size | 5,685 | 7,319.029 |
| Price | $749.0K | $807.5K |
| Price per sq ft | $579 | $548 |
| Built year | 1952 | 1954 |
| HOA | $0 | $200 |
| Days on market | 18 | 69 |
Aug 22, 2026
$749,000
Initial Listing