8319 Frandsen Street, San Gabriel, California 91776, San Gabriel, 91776 - 2 bed, 1 bath

8319 Frandsen Street, San Gabriel, California 91776 home-pic-0
ACTIVE$1,229,000
8319 Frandsen Street, San Gabriel, California 91776
2Beds
1Bath
1,100Sqft
10,754Lot
Year Built
1941
Close
-
List price
$1.23M
Original List price
$1.25M
Price/Sqft
$1,117
HOA
-
Days on market
-
Sold On
-
MLS number
25519699
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.23M(88th), sqft - 1100(21th), beds - 2(26th), baths - 1(26th).

Welcome to your little piece of comfort , paradise thoughtfully remodeled and at the same time a Development opportunity a 2 bedrooms with a possible 3rd bedroom , in the heart of San Gabriel. Unlock the potential of this prime San Gabriel property!! Nestled in a desirable neighborhood, this spacious lot offers a rare opportunity to build your dream home or add value with a brand new ADU or even a modern two-story residence (subject to city approval ) . Whether you're a developer, investor or homeowner with vision ,this is your chance to create something special, do not let this opportunity pass you by .. ..Buyers or investors to do there own due diligence.

Condition Rating
Fair

The property, built in 1941, is described as 'thoughtfully remodeled,' and the exterior image shows fresh paint, modern light fixtures, and an updated aesthetic. However, there are no interior images provided, particularly for the kitchen and bathroom, which are crucial for a comprehensive assessment. While the exterior suggests recent cosmetic updates, the lack of interior visuals and the property's age (over 80 years) make it difficult to confirm the recency or extent of major system renovations or the condition and style of key interior spaces. The description also highlights the property as a 'development opportunity,' implying the land value is a significant factor. Without evidence of a full, recent renovation (within 5-15 years) of all major components, especially the kitchen and bathroom, and considering the age of the underlying structure, a 'Fair' rating is appropriate. It suggests the home is maintained and livable but likely has functional major components that may show signs of being outdated or require minor updates/repairs in areas not shown.
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 = 10754, living area = 1100.
Significant Development Potential: The expansive 10,754 sqft lot is explicitly marketed as a 'Development opportunity' for an ADU or a modern two-story residence, appealing to investors and homeowners seeking to maximize value.
Desirable San Gabriel Location: Nestled in a 'desirable neighborhood' and described as being 'in the heart of San Gabriel,' indicating a sought-after area with strong community appeal and convenient access to local amenities.
Thoughtfully Remodeled Interior: The existing home has been 'thoughtfully remodeled,' suggesting updated finishes and a move-in ready condition for the current structure, reducing immediate renovation needs.
Flexible Living Space: The property offers '2 bedrooms with a possible 3rd bedroom,' providing adaptability for various family sizes or the potential for a dedicated home office.
Large Lot for Outdoor Living: Beyond development, the generous lot size provides ample space for extensive landscaping, outdoor entertaining areas, or private recreational use.

Cons

Substantial Overpricing: The listing price of $1,229,000 is 24% higher than the estimated property value of $928,509.53, which could deter potential buyers and prolong market time.
Limited Bathroom Count: With only one bathroom for a 2-3 bedroom home, the property may not meet the functional needs of modern families and could be a significant drawback for many buyers.
Age of Property: Built in 1941, the home is over 80 years old. Despite remodeling, this age may raise concerns about underlying infrastructure, energy efficiency, and potential long-term maintenance costs.

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