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616 Hollister Street, San Fernando, California 91340, San Fernando, 91340 - 2 bed, 1 bath

616 Hollister Street, San Fernando, California 91340 home-pic-0
ACTIVE$670,000
616 Hollister Street, San Fernando, California 91340
2Beds
1Bath
972Sqft
4,994Lot

Price Vs. Estimate

The estimated value ($625,631.225) is $44,368.775 (6%) lower than the list price ($670,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Investment Opportunity: Explicitly marketed as an investment with significant upside potential for value-add projects in a desirable area.
Top Cons:
Extensive Legal & Compliance Challenges: Subject to city orders for substandard conditions, unpermitted modifications, and pending tenant litigation, posing significant legal and financial risks.

Compared to the nearby listings

Price:$670.0K vs avg $739.0K ($-69,000)30%
Size:972 sqft vs avg 1,283 sqft30%
Price/sqft:$689 vs avg $58073%

More Insights

Built in 1928 (97 years old).
Condition: This property, built in 1928, is explicitly described as 'substandard' by the city, with an order to repair or abate due to unpermitted modifications. This indicates significant defects affecting safety, soundness, or structural integrity, requiring substantial repairs and rehabilitation. The lack of interior access prevents assessment of the kitchen and bathrooms, but given the overall condition and city orders, they are presumed to be in very poor, outdated, and potentially unsafe condition, necessitating full renovation. The overgrown exterior in the provided image further suggests a general state of neglect.
Year Built
1928
Close
-
List price
$670K
Original List price
$670K
Price/Sqft
$689
HOA
-
Days on market
-
Sold On
-
MLS number
IV25181179
Home ConditionPoor
Features
View-

About this home

Investment Opportunity in San Fernando. Fantastic opportunity to own in a desirable area with strong rental demand. Property will be sold in its current as-is condition, with tenants in possession. Buyer to assume occupancy after closing. City has issued a notice of substandard property and an order to repair or abate due to modifications made without permits. Seller has been unable to complete repairs as tenants have denied access. No interior showings — drive by only. Buyer to conduct their own due diligence on all aspects of the property. Seller and Broker make no warranties, expressed or implied. Perfect for investors seeking a value-add project with significant upside potential. Property is subject to pending tenant litigation and city orders. Full disclosure package available.

Condition Rating
Poor
This property, built in 1928, is explicitly described as 'substandard' by the city, with an order to repair or abate due to unpermitted modifications. This indicates significant defects affecting safety, soundness, or structural integrity, requiring substantial repairs and rehabilitation. The lack of interior access prevents assessment of the kitchen and bathrooms, but given the overall condition and city orders, they are presumed to be in very poor, outdated, and potentially unsafe condition, necessitating full renovation. The overgrown exterior in the provided image further suggests a general state of neglect.
Pros & Cons

Pros

Prime Investment Opportunity: Explicitly marketed as an investment with significant upside potential for value-add projects in a desirable area.
Desirable San Fernando Location: Situated in a sought-after area known for strong rental demand, enhancing its long-term appeal.
Strong Rental Market: The property is located in an area with high rental demand, promising potential income generation once current issues are resolved.
Value-Add Potential: Offers a clear opportunity for an investor to add significant value through renovation and resolution of existing challenges.
Single-Family Residence on Decent Lot: A standalone property on a 4,994 sqft lot, providing a solid foundation for future development or renovation.

Cons

Extensive Legal & Compliance Challenges: Subject to city orders for substandard conditions, unpermitted modifications, and pending tenant litigation, posing significant legal and financial risks.
Tenant Occupancy & Access Restrictions: Currently tenant-occupied with no interior showings, denying buyer access for due diligence and requiring the buyer to assume occupancy and manage potential eviction processes.
"As-Is" Sale with No Warranties: Sold strictly 'as-is' with no warranties from the seller or broker, placing all responsibility for unknown defects, repairs, and legal costs squarely on the buyer.

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