49515 Michael Avenue, Tehachapi, CA 93561, Tehachapi, 93561 - 3 bed, 1 bath
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49515 Michael Avenue
Tehachapi, CA 93561
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,307Sq Ft
6,098Lot Size
Property Price
LIST PRICE$250,000
EST. MARKET VALUE
$271,557
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $250,000—positioned well below the $271,558 Fair Market Value by 7%. This valuation gap offers $21,558 in Instant Equity for buyers prepared to address the Fair Condition Rating of 5. Featuring a partial mountain view and no HOA fees, the home requires significant structural and cosmetic updates. This is a high-reward acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build sweat equity.
Estimated Market Value
$271,557+$21,557 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tehachapi.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 (64 years old) with no evidence of recent renovations, this property is marketed 'as-is' and requires a full rehab. Interior images show missing flooring and dated finishes, indicating the need for significant structural and cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Pricing
Listed at $250,000, this property offers a highly accessible entry point into the Tehachapi market, making it an attractive option for first-time homebuyers and budget-conscious investors.
- Value-Add Potential
The 'as-is' nature of the sale provides a significant opportunity for buyers to build sweat equity through renovations and modernizations tailored to their personal vision.
- No HOA Fees
With an association fee of $0, the property offers lower monthly carrying costs and greater freedom for the owner regarding property use and modifications compared to managed communities.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in its current state, which implies the need for immediate capital investment to address potential repairs or deferred maintenance.
- Limited Bathroom Count
A three-bedroom configuration served by only one bathroom may present functional challenges for larger households and could limit the home's competitive edge in future resale markets.
About 49515 Michael Avenue
Opportunity awaits in Tehachapi! This property is being offered as-is. Whether you are a homeowner, first-time homebuyer, or investor, this may be an excellent opportunity to purchase a property. Bring your vision and make this property your own. Don't miss the opportunity to explore this Tehachapi property!Subject property is pending short sale! offers subject to bank approval.All applicable forms are in for quicker response from bank.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,307 | 1,735.671 |
| Lot Size | 6,098 | 27,304.855 |
| Price | $250.0K | $441.3K |
| Price per sq ft | $191 | $266 |
| Built year | 1960 | 1995 |
| HOA | $0 | $1.5K |
| Days on market | 11 | 60 |
Pricing History
Listed for Sale
Oct 13, 2026
$250,000
Initial Listing
Sold
Oct 17, 2022
$240,000
Public Record
Sold
Sep 19, 2016
$126,000
Public Record
Sold
May 23, 2012
$51,000
Public Record
Sold
Sep 19, 2003
$85,000
Public Record
Sold
Mar 6, 2002
$69,000
Public Record