786 Molokai Avenue, Thermal, California 92274, Thermal, 92274 - 4 bed, 2 bath
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Thermal, California 92274
This Turnkey Single Family Residence presents a Prime Investment Opportunity, listed at $290,000—positioned well below the $298,013 Fair Market Value by 2%. This valuation gap offers $8,013 in Instant Equity. Featuring a Condition Rating of 2, the home includes a modern kitchen with quartz countertops and an expansive 10,000-square-foot lot with panoramic desert and mountain views. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready asset with significant long-term potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 786 Molokai Avenue Subject | $290,000* List Price | 4 | 2 | 1,372 | $217 | - |
A 783 Molokai Active | $275,000 List Price | 3 | 2 | 1,467 | $187 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone a comprehensive recent renovation (likely <2 years) featuring a modern kitchen with quartz countertops, new cabinetry, and stainless appliances. The interior shows mint condition with updated LVP flooring, contemporary bathroom finishes, and new fixtures throughout, meeting the criteria for a recent high-end remodel.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9998, living area = 1372.
The home features a comprehensive remodel including quartz countertops, updated cabinetry, and contemporary bathroom finishes, providing a move-in-ready experience for buyers.
At nearly 10,000 square feet, the oversized lot offers significant versatility for RV parking, future structural expansion, or the creation of a custom outdoor living space.
Located in Salton City, the property is situated in a remote area with limited proximity to major employment hubs, shopping, and high-density amenities.
While the interior is aesthetically updated, the 1985 construction date suggests that major systems like the roof or HVAC may require inspection or future capital expenditure.
Welcome to 786 Molokai Avenue in Thermal! This beautifully updated 4-bedroom, 2-bathroom home offers 1,372 square feet of comfortable living space on an expansive nearly 10,000-square-foot lot. Thoughtfully remodeled and move-in ready, the home features stylish flooring, a modern kitchen with updated cabinetry and quartz countertops, and renovated bathrooms with contemporary finishes. The open-concept layout creates a seamless flow between the living, dining, and kitchen areas, making it ideal for both everyday living and entertaining. Large windows provide abundant natural light throughout the home, while the spacious backyard offers endless possibilities for outdoor enjoyment, RV parking, future expansion, or creating your dream outdoor retreat. Whether you're a first-time homebuyer, growing family, or investor, this property delivers exceptional value, comfort, and opportunity in the heart of Thermal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,372 | 1,550 |
| Lot Size | 9,998 | 10,542 |
| Price | $290.0K | $299.3K |
| Price per sq ft | $211 | $215 |
| Built year | 1985 | 2008 |
| HOA | $0 | $175 |
| Days on market | 25 | 92 |
Jun 27, 2026
$290,000
Initial Listing
Mar 21, 2023
$80,000
Public Record
Apr 16, 2001
$49,000
Public Record