5480 Sunnyslope, Phelan, California 92371, Phelan, 92371 - 5 bed, 4 bath
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Phelan, California 92371
This Dual-Residence Property represents a High-Potential Investment Opportunity, listed at $650,000—positioned slightly above the $639,644 Fair Market Value. While requiring cosmetic updates due to its Fair Condition Rating, the 1.9-acre lot offers significant utility for livestock or recreational use. The dual-home configuration (3BR/2BA and 2BR/2BA) provides immediate rental income potential or multi-generational living flexibility. With scenic Mountain Views and a large deck, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add rural lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5480 Sunnyslope Subject | $650,000* List Price | 5 | 4 | 2,939 | $218 | - |
A 5635 Hollister Sold | $675,000 | 4 | 3 | 3,027 | $223 | 0.3 mi |
B 8225 Ailanthus Sold | $520,000 | 3 | 3 | 2,185 | $238 | 0.9 mi |
C 4949 Sundown Drive Sold | $607,000 | 4 | 2 | 2,776 | $219 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the property is 30 years old and maintains its original dated aesthetic. Interior images show worn and stained carpeting along with older oak cabinetry. The exterior log siding and decking show significant weathering and peeling paint/stain, indicating a need for comprehensive cosmetic updates and routine maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 83199, living area = 2939.
The property features two separate homes on a single lot (a 3BR/2BA and a 2BR/2BA), offering exceptional versatility for multi-generational living or significant rental income through long-term leasing or Airbnb.
With over 1.9 acres of land, the property is fully equipped for a rural lifestyle, providing ample space for horses, livestock, and recreational vehicles in a tranquil setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2939, other record living area = 1739. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
A price reduction shortly after listing suggests the property is still navigating market value alignment, which may indicate initial overpricing relative to current demand.
The specific rural location and specialized utility for livestock and multi-family setups may limit the buyer pool to a niche demographic, potentially leading to a longer duration on the market.
Two Homes in One Lot ! Surrounding Mountain Views, In the Tranquil Phelan area. One Home offers two story 3 Bedrooms 2 Baths, the other home offers 2 bedrooms 2 bath . Live in one rent the other or great deal for multi families ! Horse area , Chickens , Turkeys , Toys to ride ,this property has a lot of room for it ! Need to see this one , You can also do Airbnb!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 92% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,939 | 2,016 | 87% |
| Lot Size | 83,199 | 93,218 | 20% |
| Price | $650.0K | $480.0K | 84% |
| Price per sq ft | $221 | $243 | 28% |
| Built year | 1994 | 1999 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 191 | 1% |
May 30, 2026
$650,000
$665,000
-2% Price Drop
Initial Listing
May 14, 2026
$665,000
Initial Listing
Feb 18, 2022
$570,000
Public Record