82449 1st Street, Trona, California 93562, Trona, 93562 - 6 bed, 3 bath
ACTIVE$45,000
82449 1st Street, Trona, California 93562
6Beds
3Baths
2,206Sqft
14,000Lot
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 = 14000, living area = 2206.
Top Cons:
Distressed Condition of Front Home: One of the two homes is explicitly in 'distressed conditions,' which will require substantial renovation and financial investment from the buyer.
Compared to the nearby listings
Price:$45.0K vs avg $79.0K ($-34,000)33%
Size:2,206 sqft vs avg 1,145 sqft89%
Price/sqft:$20 vs avg $7322%
More Insights
Built in 1940 (85 years old).
Condition: The property, built in 1940, consists of two homes. The front home is explicitly stated to be in 'distressed conditions,' while the back home is described as 'live-able.' However, images of the 'live-able' home reveal extremely outdated and worn conditions in the kitchen and bathroom, with old cabinets, appliances, fixtures, and flooring. The overall interior shows significant wear, stained carpets, and general disrepair. The exterior of both homes appears neglected, with visible damage and clutter. The property requires substantial repairs and rehabilitation, with major components showing extreme age and lack of maintenance, aligning with the 'Poor' condition criteria.
Year Built
1940
Close
-
List price
$45K
Original List price
$55K
Price/Sqft
$20
HOA
-
Days on market
-
Sold On
-
MLS number
SW25074502
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
One lot,2 Homes! Multi-Family property with 2 homes on it. Both homes are about 1,026 square feet with 3 bedrooms and 1 bathroom. The front home is in distressed conditions and the back home is in better condition. Back home is in live-able condition. All showings must be done only on the exterior. To view the inside, please submit an offer in writing. The lot size is 14,000 square feet or 1/3 of an acre. There is 1 detached garage. All offers to be submitted with a proof of funds. Seller financing may be available with at least $20,000 down payment. The seller will evict tenant through escrow. Escrow to be 30 days and to be held by Redhawk Escrow and Lawyers Title. *More photos coming soon in about 30 days*
Condition Rating
Poor
The property, built in 1940, consists of two homes. The front home is explicitly stated to be in 'distressed conditions,' while the back home is described as 'live-able.' However, images of the 'live-able' home reveal extremely outdated and worn conditions in the kitchen and bathroom, with old cabinets, appliances, fixtures, and flooring. The overall interior shows significant wear, stained carpets, and general disrepair. The exterior of both homes appears neglected, with visible damage and clutter. The property requires substantial repairs and rehabilitation, with major components showing extreme age and lack of maintenance, aligning with the 'Poor' condition criteria.
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 = 14000, living area = 2206.
Multi-Family Potential: The property features two homes on one lot, offering significant potential for rental income, multi-generational living, or a live-in-one, rent-the-other strategy.
Large Lot Size: With a 14,000 square foot (1/3 acre) lot, there is ample space for outdoor activities, potential expansion, or enhanced privacy.
Seller Financing Available: The option for seller financing with a relatively low down payment ($20,000) broadens the buyer pool and can facilitate the purchase for those with limited traditional financing options.
Significant Price Reduction: The listing price has been reduced from $55,000 to $45,000, indicating a motivated seller and potentially a more attractive investment opportunity.
Income-Generating Potential: The back home is described as being in 'live-able condition,' suggesting immediate occupancy or rental income potential for at least one unit.
Cons
Distressed Condition of Front Home: One of the two homes is explicitly in 'distressed conditions,' which will require substantial renovation and financial investment from the buyer.
Restricted Interior Access: Showings are limited to the exterior only, with interior viewing contingent upon submitting an offer, making it difficult for buyers to fully assess the property's condition prior to commitment.
Tenant Eviction Process: The seller will evict the tenant through escrow, which introduces a potential for delays and complications in the closing timeline.