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549 D St., Ramona, California 92065, Ramona, 92065 - 6 bed, 3 bath

549 D St., Ramona, California 92065 home-pic-0
ACTIVE$1,236,000$2,250/sqft
549 D St., Ramona, California 92065
6Beds
3Baths
2,250Sqft
8,997Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multiple Income Streams: The property features three separate 2-bedroom, 1-bath homes on one lot, providing diverse income potential for investors or flexible living arrangements for multi-generational families.
Top Cons:
Age of Core Structures: Built in 1959, despite recent cosmetic updates, the underlying infrastructure such as electrical systems, main plumbing lines, and foundation may still be original and could require significant future investment or maintenance.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1959 (67 years old).
Condition: While the property has undergone significant recent cosmetic updates including a new roof, fresh exterior and interior paint, and new flooring, the core structures date back to 1959. The kitchens and bathrooms, though clean and functional, feature visibly outdated cabinetry, countertops, and appliances (white appliances, basic wood cabinets). These areas would likely require minor to moderate updates for a buyer seeking a modern aesthetic. The property is move-in ready, but the dated style of key interior components and the potential for original underlying infrastructure (as noted in the AI analysis) align it with the 'Fair' category, where major components are functional but show signs of being outdated.
Year Built
1959
Close
-
List price
$1.24M
Original List price
$1.2M
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2511327
Home ConditionFair
Features
ViewNeighborhood

About this home

Rare Investment Opportunity in Prime Ramona Location – Three Homes on One Lot! Discover exceptional value and versatility with this rare chance to own three separate 2-bedroom, 1-bath homes on a single lot in the heart of Ramona, CA. Perfect for investors, multi-generational living, or those seeking reliable rental income, this unique property offers endless potential. Each home is approximately 750 sq ft and benefits from dual zoning for both Residential and Commercial use, giving you flexibility for long-term investment, business opportunities, or future development. All three units have been thoughtfully refreshed from top to bottom. Each features a brand-new roof, fresh exterior stucco and paint, new interior paint, and updated plumbing fixtures. Two of the units offer new plank flooring, while the third unit features durable tile flooring throughout. Situated in a prime Ramona location close to shopping, dining, schools, and commuter routes, this property is ideal for strong rental demand or personal use. Whether you’re looking to expand your real estate portfolio or secure a versatile income-producing asset, this one-of-a-kind opportunity checks all the boxes. Don’t miss your chance to own three fully updated homes on one lot—opportunities like this rarely come to market in Ramona!

K
Kevin Justice
Listing Agent

Price History

Date
Event
Price
04/02/97
Sold
$155,000
Condition Rating
Fair
While the property has undergone significant recent cosmetic updates including a new roof, fresh exterior and interior paint, and new flooring, the core structures date back to 1959. The kitchens and bathrooms, though clean and functional, feature visibly outdated cabinetry, countertops, and appliances (white appliances, basic wood cabinets). These areas would likely require minor to moderate updates for a buyer seeking a modern aesthetic. The property is move-in ready, but the dated style of key interior components and the potential for original underlying infrastructure (as noted in the AI analysis) align it with the 'Fair' category, where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Multiple Income Streams: The property features three separate 2-bedroom, 1-bath homes on one lot, providing diverse income potential for investors or flexible living arrangements for multi-generational families.
Dual Zoning Flexibility: Benefiting from dual Residential and Commercial zoning, this property offers exceptional versatility for long-term investment, business operations, or future development opportunities.
Recent Extensive Updates: All three units have been thoughtfully refreshed with brand-new roofs, fresh exterior stucco and paint, new interior paint, updated plumbing fixtures, and new flooring, reducing immediate capital expenditures for a buyer.
Prime Ramona Location: Situated in the heart of Ramona, the property boasts a desirable location close to shopping, dining, schools, and commuter routes, ensuring strong rental demand and convenience.
High Investment Potential: Described as a 'rare investment opportunity' and 'one-of-a-kind,' the unique configuration and updates make it an attractive asset for expanding a real estate portfolio or securing a versatile income-producing property.

Cons

Age of Core Structures: Built in 1959, despite recent cosmetic updates, the underlying infrastructure such as electrical systems, main plumbing lines, and foundation may still be original and could require significant future investment or maintenance.
Small Unit Footprint: Each unit is approximately 750 sq ft, which is relatively small for a 2-bedroom home and might limit appeal to certain tenant demographics or restrict future value appreciation compared to properties with larger units.
Potential for Shared Amenities/Privacy: With three homes on a single lot, there is a potential for shared utility meters or limited private outdoor space for each unit, which could be a drawback for tenants or owner-occupants seeking more autonomy.
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