40587 Dutton Street, Cherry Valley, California 92223, Cherry Valley, 92223 - 2 bed, 1 bath
ACTIVE$359,900
40587 Dutton Street, Cherry Valley, California 92223
2Beds
1Bath
730Sqft
40,075Lot
Year Built
1925
Close
-
List price
$360K
Original List price
$370K
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
IG25186441
Home ConditionTear down
Features
Good View: None
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $359.9K(3th), sqft - 730(0th), beds - 2(27th), baths - 1(4th).
A dream investor opportunity or a builder's dream opportunity on this view lot! Just shy of a full acres, .92 acres (40,075) total sq. ft. of "flat" land. Home on lot is a "tear down" or could be considered a "remodeled" if leaving one wall up and build around it. Plenty of land to build your custom home or units! All utilities are in, electrical, gas, water. Septic tank on property. Great area of Cherry Valley! ... Highly sought after neighborhood!
Nearby schools
8/10
Brookside Elementary School
Public,•K-5•2.0mi
4/10
Anna Hause Elementary School
Public,•K-5•2.6mi
5/10
San Gorgonio Middle School
Public,•6-8•1.8mi
5/10
Mountain View Middle School
Public,•6-8•2.0mi
5/10
Beaumont Senior High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
09/24/25
Price Change
$359,900-2.7%
08/19/25
Listing
$369,900
Condition Rating
Tear down
The property was built in 1925, making it 99 years old. The listing description explicitly states the home is a 'tear down' and that its value is based on the land for redevelopment. The images clearly show a severely dilapidated structure with a compromised roof and exterior, indicating it is unlivable and beyond repair, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Significant Lot Size & Flat Topography: The property boasts a substantial .92-acre (40,075 sq ft) flat lot, providing ample space and an ideal foundation for new construction or development.
Strong Development Opportunity: Explicitly marketed as a 'dream investor opportunity or a builder's dream opportunity,' the large lot allows for the construction of a custom home or multiple units, maximizing its potential.
Existing Utility Connections: All essential utilities, including electrical, gas, and water, are already in place, significantly reducing initial development costs and streamlining the building process.
Desirable Neighborhood: Located in a 'Great area of Cherry Valley' and a 'Highly sought after neighborhood,' which enhances the future value and appeal of any new development on the site.
Recent Price Adjustment: The list price has been reduced from $369,900 to $359,900, indicating a more competitive offering and potential for increased buyer interest.
Cons
Existing Structure Requires Demolition: The current 1925-built, 730 sqft home is explicitly a 'tear down,' necessitating additional costs and time for demolition before any new construction can commence.
Septic System: The property utilizes a septic tank, which may be less desirable than a municipal sewer connection for new development and could incur additional costs for inspection, maintenance, or potential conversion.
Significant Upfront Investment Required: As a development-focused property, it demands substantial capital for demolition, design, and new construction, making it unsuitable for buyers seeking a move-in ready home.