521 Temescal Street, Piru, California 93040, Piru, 93040 - 3 bed, 1 bath
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Piru, California 93040
This 1920s Historic Residential Asset represents a High-Potential Investment Opportunity listed at $525,000, positioned near its $506,082 Fair Market Value. Currently holding a Condition Rating of 5, the property requires a full renovation but offers massive upside via its 10,890 sq. ft. Expansive Flat Lot and Scenic Mountain Views. Requiring Cash Offers Only, this "developer’s dream" provides a blank canvas for site redevelopment or a high-value restoration in growing Ventura County. This is a strategic acquisition for Fix-and-Flip Investors and Contractors targeting forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 Temescal Street Subject | $490,000* List Price | 3 | 1 | 1,134 | $446 | - |
A 978 Main Street Active | $615,000 List Price | 3 | 2 | 1,560 | $394 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1920s property is in original or severely dated condition, featuring wood-paneled walls, worn carpeting, and an outdated kitchen and bathroom. The listing's 'cash offers only' requirement and 'developer's dream' description indicate significant deferred maintenance and likely system issues that prevent traditional financing. It requires a complete gut renovation or substantial rehabilitation to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1134.
The property features a nearly 11,000 sq. ft. flat lot, offering significant potential for ADU construction, home expansion, or extensive outdoor amenities.
Marketed as a developer's dream, the property provides a blank canvas for a complete renovation or site redevelopment in a growing historic town.
The requirement for cash offers only significantly restricts the buyer pool by excluding those who rely on traditional mortgage financing.
The home is in need of a full renovation, which will require a substantial capital investment and oversight of construction permits and contractors.
With only one bathroom serving three bedrooms, the current layout is functionally underserviced for modern family standards and may require structural reconfiguration.
CASH OFFERS ONLY!!! A developer's dream! Welcome to Piru, a small historic growing town located in Ventura County, just minutes from interstate 5 and 45 minutes from the coast! This 3-bedroom home, built in 1920, is ready for someone to renovate and make their own. Situated in a quiet neighborhood on an almost 11,000 sq. ft. flat lot, this property offers great potential for future development with endless possibilities (buyer to verify all potential improvements with the appropriate city/county agencies). Don't let this opportunity slip away.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,134 | 1,347 | 50% |
| Lot Size | 10,890 | 10,075.5 | 75% |
| Price | $490.0K | $552.5K | 50% |
| Price per sq ft | $432 | $413 | 50% |
| Built year | 1920 | 1978 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 152 | 233 | 50% |
Mar 29, 2026
$490,000
$525,000
-7% Price Drop
Initial Listing
Feb 4, 2026
$525,000
$550,000
-5% Price Drop
Initial Listing
Nov 21, 2025
$550,000
Initial Listing