761 S Sycamore Avenue, Rialto, California 92376, Rialto, 92376 - 1 bed, 1 bath
ACTIVE$449,000
761 S Sycamore Avenue, Rialto, California 92376
1Bed
1Bath
576Sqft
18,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18000, living area = 576.
Top Cons:
Extensive Repairs Required: The listing explicitly states 'YOU HAVE TO SEE PAST THE REPAIRS,' indicating the property is not move-in ready and will require significant investment in renovations or repairs.
Compared to the nearby listings
Price:$449.0K vs avg $565.0K ($-116,000)12%
Size:576 sqft vs avg 1,485 sqft1%
Price/sqft:$780 vs avg $37199%
More Insights
Built in 1949 (76 years old).
Condition: The property was built in 1949, making it 75 years old. The listing explicitly states, 'YOU HAVE TO SEE PAST THE REPAIRS' and 'VALUE IS IN THE LAND,' strongly indicating that the existing structure is in a state of severe disrepair and its value lies in the land for redevelopment. The property analysis further confirms this by labeling it a 'tear-down candidate' and highlighting the need for 'Extensive Repairs Required' for the 'Small and Outdated Structure.' The single exterior image shows significant neglect, weathered siding, and outdated features, consistent with a structure that is beyond repair and whose value is based solely on the land.
Year Built
1949
Close
-
List price
$449K
Original List price
$450K
Price/Sqft
$780
HOA
-
Days on market
-
Sold On
-
MLS number
CV24175294
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
THIS PROPERTY HAS SO MUCH POTENTIAL, YOU HAVE TO SEE PAST THE REPAIRS. VALUE IS IN THE LAND. NEW HOMES IKN THE AREA. THIS IS A NICE LOCATION IN THE CITY OF RIALTO.
Condition Rating
Tear down
The property was built in 1949, making it 75 years old. The listing explicitly states, 'YOU HAVE TO SEE PAST THE REPAIRS' and 'VALUE IS IN THE LAND,' strongly indicating that the existing structure is in a state of severe disrepair and its value lies in the land for redevelopment. The property analysis further confirms this by labeling it a 'tear-down candidate' and highlighting the need for 'Extensive Repairs Required' for the 'Small and Outdated Structure.' The single exterior image shows significant neglect, weathered siding, and outdated features, consistent with a structure that is beyond repair and whose value is based solely on the land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18000, living area = 576.
Significant Lot Size: The property boasts a substantial 18,000 sqft lot, offering ample space for expansion, landscaping, or potential redevelopment.
Development Potential: The listing explicitly states 'VALUE IS IN THE LAND' and mentions 'NEW HOMES IN THE AREA,' indicating strong potential for investors or developers to build a new residence or expand the existing one.
Mountain Views: The property offers desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Strategic Location: Described as a 'NICE LOCATION IN THE CITY OF RIALTO,' suggesting favorable access to amenities, schools, or community features.
Growing Neighborhood: The presence of 'NEW HOMES IN THE AREA' indicates a developing or appreciating neighborhood, which could lead to future property value growth.
Cons
Extensive Repairs Required: The listing explicitly states 'YOU HAVE TO SEE PAST THE REPAIRS,' indicating the property is not move-in ready and will require significant investment in renovations or repairs.
Small and Outdated Structure: With only 576 sqft, 1 bed, and 1 bath, and built in 1949, the existing home is very small and likely outdated, suggesting it may be a tear-down candidate or require a major overhaul.
High Initial Investment: Given the purchase price and the necessity for extensive repairs or redevelopment, the total investment required will be substantial, potentially limiting the buyer pool to investors or those seeking a major project.