20515 20525 Us Highway 395, Adelanto, California 92301, Adelanto, - bed, bath
ACTIVE$495,000
20515 20525 Us Highway 395, Adelanto, California 92301
0Bed
0Bath
1,680Sqft
158,994Lot
Year Built
1947
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25042187
Home ConditionTear down
Features
Good View: Desert
Pool
ViewDesert
About this home
There are two houses on the 3.65-acre lot, each featuring 2 bed and 1 bath with approximately 840 sq.ft. of space each. The property has a reliable water supply from its own well. Currently, the rent is below market rates. The owners, who are retiring and relocating, are offering the property for sale. Situated in an ADD zoning (Airport Development District), prospective buyers and their agents can inquire with the city about potential alternative uses for the property. This presents an excellent opportunity to acquire and retain the property for future development.
Price History
Date
Event
Price
02/25/25
Listing
$495,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (116 Listings) | |
|---|---|---|---|
| Beds | 0 | 4 | |
| Baths | 0 | 2 | |
| Square foot | 1,680 | 1,608 | 58% |
| Lot Size | 158,994 | 7,365 | 97% |
| Price | $495K | $400K | 94% |
| Price per square foot | $295 | $260 | 80% |
| Built year | 1947 | 2004 | 1% |
| HOA | |||
| Days on market | 253 | 184 | 90% |
Condition Rating
Tear down
Built in 1947, this property is over 75 years old. The images reveal extremely dated interiors, particularly the kitchen and bathroom, which show no evidence of major renovations in the past 50+ years. The kitchen features old cabinetry, a basic sink, and an outdated stove, while the bathroom has an old vanity and finishes. Flooring appears to be old carpet or linoleum. Given the age and lack of visible updates, it's highly probable that all major systems (electrical, plumbing, HVAC, roof) are original or very old and would require complete replacement. The MLS description emphasizes the 'ADD zoning' and 'future development' potential, strongly suggesting the value lies in the land rather than the existing structures. While currently rented, the structures are well past their functional and aesthetic lifespan, and the cost of rehabilitation would likely be prohibitive, making demolition the most probable and economically sound option for redevelopment.
Pros & Cons
Pros
Development Potential: Situated on a large 3.65-acre lot within an Airport Development District (ADD) zoning, the property offers significant future development opportunities beyond its current residential use.
Dual Income Property: The property features two separate 2-bedroom, 1-bathroom houses, providing immediate and diversified rental income streams for an investor.
Value-Add Opportunity (Rental Income): Current rents are below market rates, presenting an immediate opportunity for a new owner to increase rental income and optimize cash flow.
Self-Sufficient Water Supply: The property benefits from its own reliable well, providing a cost-effective and independent water source, reducing reliance on municipal services.
Expansive Lot Size: The generous 3.65-acre lot offers ample space for privacy, potential expansion, or future development, enhancing its long-term value.
Cons
Age of Structures: Built in 1947, the existing houses are significantly aged and will likely require substantial renovation, modernization, and addressing of deferred maintenance to meet contemporary standards.
Below Market Rents: While an opportunity, the current below-market rents mean the property's immediate income is not optimized, requiring active management and potential tenant transitions to achieve market rates.
Unspecified Condition/Renovation Needs: The property description lacks specific details on the current condition of the 1947-built homes, implying potential for unforeseen repair costs or an 'as-is' sale requiring significant buyer investment.