912 Avenue B, Calimesa, California 92320, Calimesa, 92320 - 2 bed, 1 bath
ACTIVE$449,999
912 Avenue B, Calimesa, California 92320
2Beds
1Bath
784Sqft
23,522Lot
Year Built
1953
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$574
HOA
-
Days on market
-
Sold On
-
MLS number
IV22133870
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
We found 3 Cons,6 Pros. Rank: price - $450.0K(7th), sqft - 784(2th), beds - 2(14th), baths - 1(7th).
Nice 2 bedrooms/1 bath house on a large lot.Zoned R3 according to the records but please check with the city.Lot of space to have an addition or to add a few more units.(after checking withthe city of Calimesa.Lots of possibilities/Owner started the rehab but got a new job.The rehab projrct done about half and had to stop.All construction materials inside can stay with the house(flooring and batroom)
Price History
Date
Event
Price
06/20/22
Listing
$449,999
Condition Rating
Poor
This property, built in 1953, is currently undergoing an incomplete renovation, described as 'about half' done. The exterior images show an unfinished appearance with rough stucco and visible construction elements. With no interior photos, but the description stating that flooring and bathroom materials are included, it's clear the kitchen and bathroom are not finished or are in a state of disrepair. The property requires substantial rehabilitation to be move-in ready, 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 = 23522, living area = 784.
Development Potential: The property is zoned R3 and sits on a substantial 23,522 sqft lot, offering significant potential for expansion, adding additional units, or further development, subject to city approval.
Expansive Lot Size: The generous 23,522 sqft lot provides ample outdoor space for landscaping, recreation, or future additions, enhancing privacy and versatility.
Mountain Views: The property offers desirable mountain views, which can contribute to its aesthetic appeal and overall value.
Included Construction Materials: All construction materials for the ongoing rehab, including flooring and bathroom components, are included, potentially saving the buyer significant costs and time.
Value-Add Investment Opportunity: The partially completed renovation presents a clear opportunity for a buyer to customize the finishes, complete the project, and significantly increase the property's value and equity.
Cons
Incomplete Renovation: The rehab project is only 'about half' done and was stopped, indicating substantial remaining work, potential for unforeseen issues, and requiring significant buyer investment in time and capital to complete.
Small Existing Structure: The current 2-bedroom, 1-bath house is relatively small at 784 sqft, which may limit its appeal to larger families or those seeking more living space without immediate expansion.
Age of Property & Systems: Built in 1953, the property is over 70 years old, suggesting that major systems (plumbing, electrical, HVAC) may be original or outdated and could require significant upgrades or repairs in the near future.