
Phelan, California 92371
This Multi-Unit Equestrian Estate represents a High-Potential Investment Opportunity priced at $460,000, reflecting a stable valuation relative to its $458,020 Fair Market Value. Spanning over 6 Acres of Land, the property features three separate living structures and a professional Horse Arena with stunning Mountain Views. While maintaining a Fair Condition Rating, the main residence benefits from a New Roof and significant value-add potential through interior modernization. This versatile compound is an ideal acquisition for Multi-Generational Families or Buy-and-Hold Investors targeting high-utility rural assets.
Property is moderate renovation needed.
The property is classified as being in fair condition primarily due to its age (built in 1945) and the lack of evidence regarding a comprehensive interior renovation. While the main house benefits from a recently replaced roof and functional elements like a wood-burning stove, the interior finishes, including the kitchen and bathrooms, appear dated and consistent with an older rural residence. The property includes multiple structures—a manufactured home and a garage conversion—which provide utility but often involve older systems and potential permitting discrepancies, as noted by the significant difference between public records and listing data. The home is functional and maintained but requires modernization of fixtures, flooring, and appliances to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 274609, living area = 1722.
The property offers exceptional versatility with three separate living units, including a main house, a manufactured home with its own electric meter, and a converted garage, ideal for multi-generational living or rental revenue.
Situated on over 6 acres of land, the property features a dedicated horse arena with metal fencing and scenic desert views, catering perfectly to equestrian enthusiasts and those seeking significant outdoor space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1722, other record living area = 720. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The garage conversion into a two-bedroom living space may present challenges regarding building code compliance and permit verification, which could affect financing and insurance eligibility.
With the original structure dating back to 1945 and multiple buildings spread across a large lot, the property may require substantial ongoing maintenance and modernization to meet contemporary standards.
The main house has 3 Bedrooms 2 Bath House and sits on over 6 acres of land. The main house's roof has been replaced with a new roof and has a wood burning stove in the living room. Property also includes a Single Wide manufacturing home 2 Bds. 1 Ba. Monthly rented at 1,300 with its own Electric Meter. The property includes a horse arena with metal fencing and a beautiful view of green desert . Owner has converted the garage in 2 Bedrooms 1 Bath Monthly rented at 1,200 a month with a brick fireplace, the garage is located about 300 feet from Main house. RV on property is not included . Proprty to be sold AS-IS condition Seller will honor all Repairs call by Appraisal ,,
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,722 | 2,003.5 | 32% |
| Lot Size | 274,609 | 95,832 | 96% |
| Price | $460.0K | $490.0K | 38% |
| Price per sq ft | $267 | $246 | 63% |
| Built year | 1945 | 2002 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 190 | 1% |
Mar 13, 2026
$460,000
Initial Listing