246 Central Avenue, Fillmore, California 93015, Fillmore, - bed, bath

home-pic
ACTIVE$1,299,000
246 Central Avenue, Fillmore, California 93015
0Bed
0Bath
Sqft
4,750Lot
Year Built
1922
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-27657
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

This unique mixed-use property, located in the heart of downtown Fillmore, offers an exceptional opportunity to own a piece of local history. Originally the first bank of Fillmore, the building, constructed in 1920, has been thoughtfully renovated to blend its historic charm with modern functionality. The property features three commercial units on the ground floor, each with ADA-compliant restrooms, newly installed sewer lines, and extensive retrofitting to meet today's standards. Above, there are four residential units, ideal for long-term rentals or creative live-work spaces.Situated just steps from City Hall, this building is at the center of the downtown hub, offering high visibility and foot traffic. Whether you're looking to establish a thriving business or expand your real estate portfolio, this property provides the perfect setting for both. With its prime location, historic character, and updated amenities, this is a rare chance to invest in a versatile and valuable asset in one of the most desirable areas of Fillmore.

Condition Rating
Fair

The property, built in 1922, has been renovated, but the extent and recency of the residential unit renovations are unclear. The commercial units have ADA-compliant restrooms and new sewer lines, suggesting updates. However, the residential units appear to have older features and styles in the kitchens and bathrooms. The overall condition seems maintained but aged, requiring potential minor updates to bring it to modern standards.
Pros & Cons

Pros

Prime Location: Located in the heart of downtown Fillmore, steps from City Hall, ensuring high visibility and foot traffic.
Historic Significance: Originally the first bank of Fillmore, offering unique historical charm and character.
Mixed-Use Potential: Features three commercial units and four residential units, providing diverse income streams and flexibility.
Updated Amenities: Commercial units have ADA-compliant restrooms, newly installed sewer lines, and extensive retrofitting.
Rental Income Potential: Residential units are ideal for long-term rentals or creative live-work spaces, enhancing investment appeal.

Cons

Age of Building: Built in 1922, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While renovated, further improvements or modernizations might be desired by tenants or future owners, incurring additional costs.
Limited Information: Lack of specific details regarding the condition of the residential units may deter some investors.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State