
Waterford, CA 95386
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $309,900, which aligns with the $309,900 Fair Market Value. Featuring a Condition Rating of 2, this property offers a turnkey Granite Kitchen and modern infrastructure, including a 200-amp electrical panel. The site provides significant Zoning R2 potential for an ADU up to 1,200 square feet, alongside a proven $2,800 monthly income stream. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 D Street Subject | $304,900* List Price | 1 | 1 | 648 | $471 | - |
A 12821 Main Street Pending | $350,000 List Price | 2 | 1 | 768 | $456 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (less than 5 years) featuring a modern kitchen with granite countertops and stainless steel appliances, updated bathroom with contemporary tile, and new laminate flooring. Key systems have been modernized, including an upgraded 200-amp electrical panel and a mini-split HVAC system, making it move-in ready with no immediate maintenance required.
The property generates a combined $2,800 monthly income from the main house and a separate RV space, offering an exceptional cap rate for investors at this price point.
Recently renovated with granite countertops, stainless steel appliances, and updated flooring, the home provides a move-in-ready aesthetic with reduced immediate capital expenditure.
Features a spacious lot with alley access, RV hookups, and a new 200-amp electrical panel, providing rare flexibility for vehicle storage or additional site use.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5279, other record lot size in square feet = 5227.
With only 648 square feet and a single bedroom, the property’s utility is restricted to a niche market, potentially limiting future resale demand.
Marketing photos are five months old and pre-date the current tenancy, which may lead to discrepancies between the advertised appearance and the actual current state of the home.
Come see this charming and recently updated home located in a quiet, established neighborhood. Situated on a spacious lot with alley access, by county you can build a second home on the land. the property features new gate and graveled RV/trailer parking with two sewer hookups. This property offers excellent owner-occupant or investment potential. The home is currently tenant-occupied paying $1,800 per month. In addition, the property includes a separately rented RV/trailer space with private alley access and utility hookups, generating an additional $1,000. per month in rental income. Recent upgrades include LED lighting, ceiling fans, fresh interior paint, stainless steel appliances, granite countertops, decorative backsplash, laminate flooring, washer, dryer and refrigerator included. Additional features include a spacious laundry room with a closet, smart portable heating and air conditioning unit, electric water heater, living room with a mini-split heating and cooling system, bricks driveway with parking for 2-3 vehicles, and an upgraded 200-amps electrical panel with a new additional utility pole on the property. Offered at $319,900. According to the city of Waterford you can build an ADU UP TO 1200 square feet. Buyer to verify all property information, rental income etc.to their satisfaction. Pictures were taken 5 months ago before tenants move in. Contact your favorite Realtor today to schedule a private showing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.4 |
| Baths | 1.0 | 2.4 |
| Square foot | 648 | 1,816.692 |
| Lot Size | 5,279 | 8,565.077 |
| Price | $304.9K | $482.8K |
| Price per sq ft | $471 | $292 |
| Built year | 1946 | 2003 |
| HOA | $0 | $99 |
| Days on market | 91 | 40 |
Aug 31, 2026
$304,900
$309,900
-2% Price Drop
Initial Listing
Aug 16, 2026
$309,900
$319,900
-3% Price Drop
Initial Listing
Jul 5, 2026
$319,900
$329,900
-3% Price Drop
Initial Listing
Jun 10, 2026
$329,900
Initial Listing
Mar 26, 2024
$203,000
Public Record
Jul 10, 2015
$84,000
Public Record
Dec 20, 2013
$70,000
Public Record
Feb 4, 2009
$35,000
Public Record
Jun 3, 2005
$175,000
Public Record