1385 Lambaren Ave, Livermore, California 94551, Livermore, 94551 - bed, bath
ACTIVE$975,000
1385 Lambaren Ave, Livermore, California 94551
0Bed
0Bath
Sqft
5,000Lot
Year Built
1952
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41117764
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $975.0K(50th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Highly sought after DUPLEX close to downtown. Long term tenants- tenants pay all utilities. Was updated approx. 10 yrs ago. Each unit has private yard and carport. Excellent opportunity to invest- Don't wait.
Nearby schools
5/10
Marylin Avenue Elementary School
Public,•K-5•0.3mi
6/10
Jackson Avenue Elementary School
Public,•K-5•2.1mi
4/10
Junction Avenue K-8 School
Public,•K-8•0.8mi
5/10
East Avenue Middle School
Public,•6-8•1.7mi
7/10
Granada High School
Public,•9-12•0.7mi
7/10
Livermore High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
11/18/25
Listing
$975,000
06/05/24
Sold
$470,000
12/19/12
Sold
$144,500
Condition Rating
Fair
Built in 1952, this property is over 70 years old. While the listing states it was 'updated approx. 10 yrs ago,' the scope of these updates is vague, and no interior images (especially of kitchens and bathrooms) are provided to assess their condition, style, or features. The exterior image shows a functional carport but with visible cracks in the concrete and a weathered fence, indicating general aging. Given the property's age, major systems are likely outdated or nearing the end of their lifespan, even with some cosmetic updates. It is likely maintained and functional but will require minor updates or repairs, and potentially significant future investments in major systems.
Pros & Cons
Pros
Income-Generating Asset: As a duplex explicitly marketed as 'Residential Income,' this property offers immediate cash flow and a strong investment opportunity.
Prime Location: The property is a 'highly sought after DUPLEX close to downtown' Livermore, providing tenants with convenient access to amenities and contributing to strong rental demand.
Stable Tenancy & Low Overhead: The presence of 'long term tenants' who 'pay all utilities' ensures consistent rental income and significantly reduces the landlord's operational costs and turnover risks.
Unit-Specific Amenities: Each unit benefits from a 'private yard and carport,' which are highly desirable features for tenants, enhancing the property's appeal and rentability.
Recent Property Updates: The property 'was updated approx. 10 yrs ago,' indicating a level of modernization that likely reduces immediate capital expenditure for a new owner.
Cons
Property Age & Potential Infrastructure: Built in 1952, the property's age suggests potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) that may require significant investment beyond the 10-year-old updates.
Vague Renovation Details: The description states 'updated approx. 10 yrs ago' without specifying the scope or quality of these updates, creating uncertainty about the property's current condition and potential deferred maintenance.
Significant Price Appreciation: The property was sold for $470,000 in June 2024 and is now listed at $975,000, representing a substantial price increase in a short period that warrants careful due diligence to justify the current valuation.