7805 Panama Road, Lamont, CA 93241, Lamont, 93241 - bed, bath
7805 Panama Road
Lamont, CA 93241
Property Price
SUMMARY
Analysis of 7805 Panama Road, Lamont, CA 93241 is currently available with a list price of $424,999. 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 Lamont Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1942, this property is over 80 years old with no evidence of significant recent renovations. The kitchen features severely outdated wood cabinets, tile countertops, and older appliances, requiring a complete overhaul. While some flooring appears updated (laminate in kitchen, tile in living areas), the overall condition, including the exterior siding and likely original major systems (plumbing, electrical, HVAC), suggests substantial repairs and modernization are needed to meet current standards and comfort. The lack of bathroom images, combined with the kitchen's state, indicates these areas are also likely in poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Potential
Features two distinct homes on one lot (3 bed/2 bath front unit, 1 bed/1 bath back unit), providing immediate rental income opportunities or multi-generational living arrangements.
- Strategic Location & Visibility
Situated on a corner lot on a busy street, just two blocks from Main Street, offering excellent visibility and convenient access to local amenities.
- Generous Lot Size
A substantial 15,987 sqft lot provides ample outdoor space, potential for landscaping, or future expansion possibilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15987, other record lot size in square feet = 16117.
- Property Age & Potential for Updates
Built in 1942, the property is over 80 years old, suggesting a high likelihood of outdated systems (plumbing, electrical) and a need for significant modernization or repairs to meet current standards.
- Busy Street Drawbacks
While offering visibility, the location on a 'busy street' can lead to increased noise pollution and traffic, which may detract from residential comfort and quiet enjoyment.
About 7805 Panama Road
Discover an incredible opportunity in Lamont, CA! This corner lot property features two homes on one lot. The front unit boasts 3 bedrooms, 2 bathrooms, and a private patio, while the back unit offers its own private entrance with 1 bedroom and 1 bathroom. Situated on a busy street just two blocks from Main Street, this property offers excellent visibility and convenience. Whether you're looking to expand your investment portfolio or secure a multi-unit property, this is a must-see. Contact your favorite realtor today to learn more!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1942
- Lot Size
- 15,987 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,912 | 1,912 | 50% |
| Lot Size | 15,987 | 15,987 | 50% |
| Price | $425.0K | $415.0K | 67% |
| Price per sq ft | $222 | $217 | 67% |
| Built year | 1942 | 1942 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 456 | 449 | 0% |
Pricing History
Listed for Sale
Dec 6, 2024
$424,999
Initial Listing
Sold
Feb 3, 2022
$285,000
Public Record
Sold
Dec 23, 2004
$155,000
Public Record