218 Jessie Street, San Fernando, California 91340, San Fernando, 91340 - 2 bed, 1 bath
ACTIVE$729,000
218 Jessie Street, San Fernando, California 91340
2Beds
1Bath
864Sqft
11,038Lot
Year Built
1914
Close
-
List price
$729K
Original List price
$729K
Price/Sqft
$844
HOA
-
Days on market
-
Sold On
-
MLS number
25617635
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $729.0K(48th), sqft - 864(15th), beds - 2(21th), baths - 1(30th).
Location, Location, Location !!!! HUGE and Oversized Lot Spanning Street to Street (Jessie St to Park Ave). Single Family home located on a PRIME Oversized Quarter Acre lot located steps away from the San Fernando Aquatic Center. Great investment opportunity. Seeking Contractor / Investor ready to develop this prime property.
Price History
Date
Event
Price
11/11/25
Listing
$729,000
Condition Rating
Tear down
The property was built in 1914, making it 110 years old. The listing description explicitly targets 'Contractor / Investor ready to develop this prime property,' and the property analysis highlights the 'Age and Condition of Existing Structure' as a weakness, implying it requires significant renovation or is intended for demolition. The absence of any interior or exterior photos of the house itself further supports that the existing structure holds little to no value and is likely unlivable or beyond practical repair, with the property's value resting solely on its large, prime lot.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11038, living area = 864.
Prime Location: The property boasts a highly desirable location, explicitly highlighted as 'Location, Location, Location' and situated steps away from the San Fernando Aquatic Center.
Exceptional Lot Size & Configuration: Features a HUGE, oversized quarter-acre lot (11,038 sqft) that uniquely spans street-to-street (Jessie St to Park Ave), offering superior access and development flexibility.
Strong Development Potential: Explicitly marketed as a 'Great investment opportunity' for contractors/investors, indicating significant potential for redevelopment, expansion, or new construction on the prime parcel.
High Land Value: The primary value proposition appears to be the substantial and well-located land parcel, rather than the existing structure, making it attractive for land banking or future projects.
Investment Opportunity: Positioned as an ideal acquisition for investors or developers looking to capitalize on a prime San Fernando parcel with significant upside potential.
Cons
Age and Condition of Existing Structure: Built in 1914, the property is very old, and the description 'Seeking Contractor / Investor ready to develop this prime property' strongly implies the existing structure requires significant renovation or is intended for demolition.
Small Living Space: The existing home is very small (864 sqft with 2 beds/1 bath), which may not meet the needs of many potential owner-occupants and reinforces its primary value as a development site rather than a move-in ready home.
Overpriced Relative to Current Structure: The listing price of $729,000 is significantly higher than the estimated property value of $616,312, suggesting it's priced for its land and development potential, which might deter traditional home buyers seeking value in the existing structure.