8712 Gail Marie Drive, Lamont, CA 93241, Lamont, 93241 - 0 bed, 0 bath
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Lamont, CA 93241
Analysis of 8712 Gail Marie Drive, Lamont, CA 93241 is currently available with a list price of $390,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1940, this duplex is functional and currently income-producing but shows clear signs of age. The kitchens and bathrooms feature outdated cabinetry, older white appliances, and basic tile work. While the property appears maintained through regular upkeep, it lacks modern renovations, and the overall aesthetic and fixtures are consistent with an older, non-renovated rental property.
The property is currently occupied with both units generating a combined $1,600 in monthly rent, providing immediate cash flow for an investor or a mortgage-offset for an owner-occupant.
Each unit is equipped with its own gas and electric meter, which simplifies property management and significantly reduces the owner's monthly utility expenses.
The inclusion of a side entrance offers versatile space for work trucks, trailers, or recreational vehicles, adding significant utility and appeal for a variety of tenant types.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6675, other record lot size in square feet = 6534.
Built in 1940, the property's age suggests a higher likelihood of ongoing maintenance requirements and potentially outdated plumbing or electrical systems compared to modern builds.
With a total monthly income of $1,600 against a $390,000 asking price, the current gross yield is relatively low, which may require an investor to implement rent increases to achieve a competitive return.
Great opportunity for home owner or investor to add great producing DUPLEX to your portfolio and start collecting rent immediately. Front unit is a 2 bedroom 1 bath collecting $900. Back unit is 1 bedroom 1 bath studio collection $700. Live in one rent the other or rent both. You decide. Each unit features its own gas and electric meter. Property has side entrance great for work trucks or your weekend toys.
No exterior & parking available.
No sensitive facilities data found.
Feb 24, 2026
$390,000
Initial Listing
Jul 13, 2005
$150,000
Public Record