32390 Avenue D 4, Yucaipa, California 92399, Yucaipa, - bed, bath
ACTIVE$1,600,000
32390 Avenue D 4, Yucaipa, California 92399
0Bed
0Bath
3,264Sqft
22,000Lot
Year Built
1972
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG24250736
Home ConditionFair
Features
Patio
View-
About this home
Fantastic opportunity! 2 duplexes each have 2 bedroom 1 bath and 1 garage. Total of 4 units on approximate half acre.
Price History
Date
Event
Price
12/22/24
$1,600,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,264 | 3,719 | 50% |
| Lot Size | 22,000 | 21,500 | 50% |
| Price | $1.6M | $1.27M | 50% |
| Price per square foot | $490 | $359 | 50% |
| Built year | 1972 | 9855986 | 100% |
| HOA | |||
| Days on market | 318 | 253 | 50% |
Condition Rating
Fair
Built in 1972, this property is over 50 years old. While it appears maintained, the interior images reveal significantly dated kitchens with tile countertops and painted cabinets, and bathrooms with older tile and basic fixtures. The presence of window unit air conditioners indicates a lack of modern central HVAC. Although functional, the property requires substantial cosmetic and system updates to meet current standards, aligning with the 'Fair' condition criteria for an aged home with outdated major components.
Pros & Cons
Pros
Income-Generating Asset: This property consists of two duplexes, totaling four units, making it a prime residential income opportunity for investors seeking immediate cash flow and diversified rental streams.
Quadruplex Configuration: The quadruplex setup offers a robust investment profile, providing multiple income sources and potentially higher overall rental yield compared to smaller multi-unit properties.
Generous Lot Size: Situated on an approximate half-acre lot (22,000 sqft), the property offers ample space, potential for outdoor amenities, and possible future expansion or development opportunities.
Individual Garages: Each of the four units includes its own garage, a highly desirable amenity for tenants that enhances convenience, storage options, and overall rental appeal.
Established Rental Market: Located in Yucaipa, a growing city in the Inland Empire, the property benefits from a consistent demand for rental housing, supporting stable occupancy and potential for rent growth.
Cons
Age of Property: Built in 1972, the property is over 50 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and a likelihood of requiring significant capital expenditures for deferred maintenance or modernization.
Unspecified Condition/Renovations: The brief description provides no details on recent upgrades or the current interior condition of the units, implying that substantial renovation may be necessary to maximize rental income and tenant desirability.
Limited Unit Amenities (1 Bath): Each 2-bedroom unit features only one bathroom, which might be a drawback for some prospective tenants, particularly families, and could limit the property's competitive edge against units with more modern bathroom counts.