17019 Olive St, Hesperia, California 92345, Hesperia, - bed, bath
ACTIVE$729,000
17019 Olive St, Hesperia, California 92345
0Bed
0Bath
3,264Sqft
36,940Lot
Year Built
1966
Close
-
List price
$729K
Original List price
$825K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25085719
Home ConditionPoor
Features
Good View: Desert
ViewDesert
About this home
Great area in the city of Hesperia. Centrally located walking distance to down-town Hesperia, nearby the post office, Bank, school & shopping center. Total 4 units or fourplex property with each unit has 2 beds and 1 bath, with 3,264 sf total living space and 36,940 land size.
Price History
Date
Event
Price
10/12/25
Price Change
$729,000-2.7%
09/27/25
Price Change
$749,000-1.3%
09/25/25
Price Change
$759,000-3.8%
08/12/25
Price Change
$788,888
04/18/25
Listing
$825,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,264 | 2,048 | 92% |
| Lot Size | 36,940 | 8,875 | 92% |
| Price | $729K | $505K | 92% |
| Price per square foot | $223 | $240.5 | 25% |
| Built year | 1966 | 9895990 | 8% |
| HOA | |||
| Days on market | 201 | 136 | 67% |
Condition Rating
Poor
The property was built in 1966, making it 58 years old. The MLS description provides no details about any renovations or updates to the interior, including the kitchen and bathrooms. The single image provided is of extremely low quality, blurry, and appears to be a photo of a physical print, showing only a dated exterior with a chain-link fence. Without any evidence of recent renovations or updates, and given its age, it is highly probable that the property requires substantial repairs and rehabilitation to meet modern living standards. While it's a quadruplex and likely still occupied, suggesting it's not entirely unlivable, it almost certainly falls into the 'Poor' category, needing significant investment to address outdated systems, finishes, and potential structural or safety concerns.
Pros & Cons
Pros
Income-Generating Asset: This is a quadruplex property with four units, each offering 2 beds and 1 bath, making it an excellent opportunity for investors seeking a multi-unit residential income stream.
Prime Central Location: The property boasts a highly desirable central location in Hesperia, within walking distance to downtown, the post office, banks, schools, and shopping centers, enhancing tenant appeal and convenience.
Substantial Lot Size: With a generous lot size of 36,940 sqft, the property offers ample space for potential future expansion, additional amenities, or landscaping improvements, adding long-term value.
Significant Price Reduction: The listing price has seen multiple reductions from an original $825,000 down to $729,000, indicating increased value for prospective buyers and potential for a favorable acquisition.
Existing View: The property offers a 'Desert' view, which can be an appealing feature for tenants or owners who appreciate natural landscapes and open vistas.
Cons
Age of Property & Potential for Capital Expenditures: Built in 1966, the property is nearly 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and overall unit conditions may require significant capital expenditures for upgrades and modernization.
Unspecified Renovation Status: The description does not mention any recent renovations or updates to the units, implying that substantial investment may be needed to attract premium tenants and maximize rental income potential.
Limited Unit-Specific Details: While a quadruplex, the listing lacks specific details regarding the individual condition, amenities, or recent improvements of each of the four units, making a comprehensive investment assessment challenging without further inspection.