72865 La Canada Way, Thousand Palms, California 92276, Thousand Palms, 92276 - 4 bed, 2 bath
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Thousand Palms, California 92276
Analysis of 72865 La Canada Way, Thousand Palms, California 92276 is currently available with a list price of $350,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Thousand Palms Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
This 1951-built property is explicitly listed as a fixer-upper with fire damage to the garage and storage areas. It requires a full renovation and substantial rehabilitation of major systems and structural components. While some interior elements like beamed ceilings remain, the overall condition and the presence of fire damage necessitate significant investment to meet safety and habitability standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1817.
The property is situated on a desirable R2-zoned corner lot, offering significant upside for developers looking to maximize density or expand the existing footprint.
A massive six-car garage footprint provides a turnkey opportunity to convert the space into a 2-bedroom, 1-bath ADU, significantly boosting rental income and property value.
The property has sustained fire damage to the garage wall and storage area, necessitating structural repairs and professional remediation before occupancy.
Built in 1951 and listed as a fixer, the home requires a full renovation and value-add improvements, which may involve high upfront costs and a lengthy construction timeline.
🔥 **Prime Investment Opportunity - R2 Corner Lot with Expansion Potential!** 🔥Attention investors and developers! This 4 bedroom 2 bath**1,812 sq ft main home** features a fireplace and sits on a desirable **R2-zoned corner lot**, offering strong upside potential. Property is a fixer with fire damage to the garage wall and storage area--ready for a full renovation and value-add improvements. **Major Income Potential:**The original plans included a **six-car garage**, providing the perfect footprint to convert into a **2-bedroom, 1-bath additional unit (ADU)**--ideal for maximizing rental income and boosting property value. Bring your vision and unlock the full potential of this high-opportunity property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,817 | 1,582 | 82% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $350.0K | $417.5K | 41% |
| Price per sq ft | $193 | $262 | 27% |
| Built year | 1951 | 1998 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 194 | 5% |
Apr 5, 2026
$350,000
Initial Listing
Feb 1, 2022
$225,000
Public Record
Dec 29, 2017
$23,000
Public Record