1428 Realty, Ramona, California 92065, Ramona, 92065 - bed, bath
ACTIVE$800,000
1428 Realty, Ramona, California 92065
0Bed
0Bath
2,286Sqft
7,200Lot
Year Built
2003
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$350
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2506853
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
Great investment opportunity in Ramona! This well-maintained duplex features two 3-bedroom, 1.5-bath units, each offering spacious living areas, well-equipped kitchens, and ample natural light. The property includes a large lot with potential for outdoor use, plus separate entrances and parking for each unit. Conveniently located close to local shops, schools, and parks, this is a fantastic property for investors or multi-family living.
Price History
Date
Event
Price
09/06/25
Listing
$800,000
11/03/00
Sold
$40,000
Condition Rating
Fair
Built in 2003, this property is 21 years old. While described as 'well-maintained,' the kitchen features dated laminate countertops, basic white appliances, and early 2000s style cabinets. Bathrooms also appear functional but basic and outdated. The property is clean and appears to be in good working order, but the finishes and fixtures throughout are not modern and would require minor updates to enhance aesthetic appeal and meet contemporary standards. Major systems are likely original and nearing the end of their expected lifespan, aligning with the 'Fair' condition criteria for a property of this age with no apparent major recent renovations.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as a 'Great investment opportunity' and structured as a duplex, offering dual income streams or multi-family living potential.
Desirable Duplex Configuration: Features two identical 3-bedroom, 1.5-bath units, a highly sought-after layout for rental properties, maximizing tenant appeal and income potential.
Modern Construction & Condition: Built in 2003 and described as 'well-maintained,' suggesting a newer build with potentially lower immediate maintenance and repair costs compared to older properties.
Tenant-Friendly Features: Each unit boasts spacious living areas, well-equipped kitchens, ample natural light, separate entrances, and individual parking, enhancing tenant satisfaction and retention.
Convenient Location: Strategically located close to local shops, schools, and parks, which is attractive to potential tenants and contributes to property value stability.
Cons
Lack of Financial Performance Data: The listing does not provide current rental income figures, operating expenses, or cap rate, which are crucial for a comprehensive investment analysis.
Potential for System Updates: While well-maintained, the 2003 build year suggests major systems (HVAC, roof, water heaters) may be original and nearing the end of their useful life, potentially requiring future capital expenditures.
Unspecified Utility Metering: The description does not clarify if utilities (e.g., water, electricity, gas) are separately metered for each unit, which can impact tenant responsibility and landlord operating costs.