22449 Ottawa Road, Apple Valley, California 92308, Apple Valley, - bed, bath
ACTIVE$575,000
22449 Ottawa Road, Apple Valley, California 92308
2Beds
2Baths
1,088Sqft
435,600Lot
Year Built
1948
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25127218
Home ConditionPoor
Features
Good View: Mountain(s), None
View-
About this home
Commercial Zoned property of approximately 10 acres with 2 existing homes. Great Opportunity to have income while land banking, or lease out as a storage yard. House 1 is apx 700 sq ft 1 bed, 1 bath, tile roof block construction. House 2 is apx. 900 sq ft. 1 bed, 1 bath, extra room, and a sun room with a 2 car garage. Both homes need some work. Buyer to verify zoning, proposed usage, any land use conditions. Do not disturb tenants. Drive by only. Photos include all utilities at the intersection.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (288 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 31% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,088 | 1,632 | 6% |
| Lot Size | 435,600 | 18,212 | 99% |
| Price | $575K | $415K | 86% |
| Price per square foot | $528 | $243 | 99% |
| Built year | 1948 | 1992 | 0% |
| HOA | |||
| Days on market | 151 | 180 | 37% |
Condition Rating
Poor
The property was built in 1948 and the description states that both homes need some work. The images show significant deferred maintenance, including boarded-up windows, peeling paint, and general disrepair. This suggests substantial repairs are needed.
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 = 435600, living area = 1088.
Large Lot Size: The property boasts approximately 10 acres, offering significant space for various uses and potential development.
Commercial Zoning: The commercial zoning provides flexibility for business ventures, development, or investment opportunities.
Income Potential: Two existing homes offer immediate income potential through rental or lease agreements.
Land Banking Opportunity: The property presents a land banking opportunity, allowing for future appreciation and development.
Location: Located in Apple Valley, the property benefits from the area's growth and accessibility.
Cons
Property Condition: Both homes require work, potentially incurring additional costs for repairs and renovations.
Tenant Occupancy: The presence of tenants restricts access for thorough inspections and may complicate the sales process.
Zoning Verification Required: The buyer is responsible for verifying zoning regulations and land use conditions, adding a layer of due diligence.