$690,000
$699,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
714 SqFt
SOLD DATE : 04/17/2024
Key Details
Sold Price $690,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 714 sqft
Price per Sqft $966
MLS Listing ID PW24017645
Sold Date 04/17/24
Style Detached
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1957
Lot Size 3.903 Acres
Acres 3.9028
Property Description
This unique property offers a rare combination of features that make it an attractive investment opportunity. Nestled on a sprawling 3.9 acres of land, the property boasts two distinct living units, each promising a blend of comfort and potential. The front unit, encompassing 714 square feet, is a cozy space that, while in need of some TLC. It's distinctively equipped with ventilation for central air, adding to its appeal. The rear unit, an unpermitted but equally livable space of an estimated 600 square feet, currently houses occupants, testifying to its immediate usability. One of the property's standout features is its impressive rental income potential. With each unit capable of fetching around $2,200 when in livable condition whereby the annual projected rent is approximately $52,000, a significant return on investment. Adding to the charm and functionality of the estate are two horse stables, catering to equestrian enthusiasts or those seeking a touch of rural living. The property's self-sufficiency is further enhanced by a well water system, complete with a covering shed that doubles as a workshop, and a reliable septic system. The electrical needs are well-catered for with an on-grid setup, inclusive of a panel and subpanel that serve both units. Moreover, the property's elevated position over much of the surrounding land not only provides a commanding view but also offers a sense of exclusivity and privacy. This property, with its combination of livable units, income potential, ample land, and unique features, presents a compelling option for investors or those see
This unique property offers a rare combination of features that make it an attractive investment opportunity. Nestled on a sprawling 3.9 acres of land, the property boasts two distinct living units, each promising a blend of comfort and potential. The front unit, encompassing 714 square feet, is a cozy space that, while in need of some TLC. It's distinctively equipped with ventilation for central air, adding to its appeal. The rear unit, an unpermitted but equally livable space of an estimated 600 square feet, currently houses occupants, testifying to its immediate usability. One of the property's standout features is its impressive rental income potential. With each unit capable of fetching around $2,200 when in livable condition whereby the annual projected rent is approximately $52,000, a significant return on investment. Adding to the charm and functionality of the estate are two horse stables, catering to equestrian enthusiasts or those seeking a touch of rural living. The property's self-sufficiency is further enhanced by a well water system, complete with a covering shed that doubles as a workshop, and a reliable septic system. The electrical needs are well-catered for with an on-grid setup, inclusive of a panel and subpanel that serve both units. Moreover, the property's elevated position over much of the surrounding land not only provides a commanding view but also offers a sense of exclusivity and privacy. This property, with its combination of livable units, income potential, ample land, and unique features, presents a compelling option for investors or those seeking a blend of rural charm and practical living.
Location
State CA
County Los Angeles
Area Santa Clarita (91390)
Zoning LCA21*
Interior
Cooling Central Forced Air
Laundry Inside
Exterior
View Neighborhood
Building
Story 1
Water Private, Well
Level or Stories 1 Story
Others
Monthly Total Fees $96
Acceptable Financing Conventional, Exchange, FHA, VA, Cash To New Loan
Listing Terms Conventional, Exchange, FHA, VA, Cash To New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Johnathan Frank • Keller Williams VIP Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States