124 S Olive Avenue, Rialto, California 92376, Rialto, - bed, bath
ACTIVE$538,500
124 S Olive Avenue, Rialto, California 92376
3Beds
1Bath
1,374Sqft
7,000Lot
Year Built
1916
Close
-
List price
$539K
Original List price
$560K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25111101
Home ConditionPoor
Features
View-
About this home
What a great opportunity to own a property with so many possibilities. The home itself can easily be 2 units, SFR, home with office and alley access.... In addition, the property has remained with the same family for 84 years. The zoning is DMUZ, Downtown Multi-Use Zoning. See attached copy of Permitted and Conditional uses in Supplements.
Condition Rating
Poor
The property was built in 1916 and the images show significant wear and tear. The interior features outdated carpets, fixtures, and a bathroom in poor condition. The kitchen is not visible, but given the overall state of the house, it's likely in need of substantial repair. The exterior also shows signs of deferred maintenance.
Pros & Cons
Pros
Zoning: DMUZ (Downtown Multi-Use Zoning) offers a wide range of permitted and conditional uses, increasing the property's development potential.
Development Potential: Property can easily be converted into 2 units, SFR, or home with office, offering flexibility for various uses.
Alley Access: Alley access provides additional convenience and potential for separate entrances or parking.
Lot Size: The 7,000 sqft lot provides ample space for outdoor activities, expansion, or potential development.
Historical Significance: The property has been in the same family for 84 years, adding a unique historical element and potential story to attract buyers.
Cons
Age: Built in 1916, the property may require significant updates and repairs due to its age.
Condition: The property's condition is unknown and may require substantial renovation to meet modern standards.
Limited Bathrooms: Only one bathroom for a 3-bedroom property may be a drawback for some buyers.