
Felton, California 95018
This Multi-Unit Residential Property is a Strong Value Opportunity, listed at $990,000—positioned slightly above the $970,764 Fair Market Value. While not a discount purchase, the property offers a unique Income Generation model with a separate 1-bed, 1-bath unit currently renting for $1,600/month. Featuring a Condition Rating of 3, the home includes modern upgrades like newer mini-split HVAC and a hot tub. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset their mortgage through rental income.
Property is move-in ready.
Despite the 1937 build date, the property is well-maintained and move-in ready with clear evidence of renovations within the 5-15 year range. Key updates include a modernized bathroom with a glass vessel sink, laminate flooring throughout, and upgraded systems such as newer mini-split HVAC units and a newer hot tub.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12023, living area = 1300.
The property features a separate 1-bedroom, 1-bathroom lower unit currently renting for $1,600 per month, offering an excellent opportunity for mortgage offset or multi-generational living.
Situated among majestic redwoods with a babbling brook, the lot includes a rare flat entertainment area, a newer hot tub, and a built-in BBQ, maximizing the serene mountain lifestyle.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The main house offers approximately 1,300 square feet for three bedrooms, which may result in smaller individual room sizes and limited common space for larger families.
Originally built in 1937, the property may require more frequent maintenance or future capital improvements to aging structural components typical of homes from this era.
Serenity awaits at this haven in the trees! Located in Felton and so close to the Trout Farm pool and restaurant fun, this 3-bedroom, 2-bath home really feels like you have gotten away yet so close too! Approximately 1,300 square feet of living space in the main house, plus a 1 bed 1 bath below currently renting at $1600 a month, are set on a 12,023-square-foot lot amongst the majestic healing redwoods and the babblling brook below. Plenty of parking for all and a flat entertainment area with both sun and shade is what you walk up to first. Once inside, the kitchen features a gas cooktop and refrigerator, complemented by an eat-in design for casual dining. Laminate flooring runs throughout the home, providing a cohesive and low-maintenance finish. The living room includes a wood-burning fireplace, adding warmth and character to the space. Laundry is conveniently accommodated with a washer and dryer area in both the main house and the unit below. Additional features include 2 newer mini splits offering heating and cooling in the main house, ceiling fans, and skylights that brings natural light into the interior. Unit below has forced heat. The property also includes storage sheds for extra storage, a newer hot tub, and a built in BBQ.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,300 | 1,412.783 |
| Lot Size | 12,023 | 15,541.304 |
| Price | $990.0K | $939.7K |
| Price per sq ft | $762 | $622 |
| Built year | 1937 | 1962 |
| HOA | $0 | $1.6K |
| Days on market | 27 | 50 |
Sep 27, 2026
$990,000
Initial Listing
Sep 12, 2019
$685,000
Public Record
Jul 31, 2015
$428,000
Public Record