Skip To Content

10316 Baker Road

Lucerne Valley, CA 92356
  • $425,000
  • STATUS: Active Under Contract
  • ON SITE: 150 Days
  • ID#: 24346459
Under Contract
UPDATED: 128 min ago
$425,000
  • 9
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,563
    SQFT
  • $119
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Lou Woolf of Rodeo Realty (818-986-7300)


Description

Unbelievable opportunity for astute investor. Seller looking for all cash offers, however they may consider a short term 2nd with a strong buyer. A triplex with 3 homes on one 5 acre lot, priced so that you can live in one for free, while the other 2 homes pays for you!!! Don't want to live there, no problem, spin off cash instead! Located near the center of town off of Hwy 18. There is over 3,500 Sq Ft in the 3 homes. The main house (unit A) is approx 1,300 sq ft. 3 bedroom + 2 baths, (There is currently a unlawful detainer action filed with unit A. It should bring in an additional $1,800 per month), with the other 2 homes approx 1,152sq ft 3+2 (unit B) and 1,054 sq ft 3+1 (unit C), respectively. There is even an abandoned swimming pool on the property that could probably be salvaged and restored. Properties are in C- condition and needs TLC but where else can you find a deal like this. Buy these 3 houses (called a triplex by the banks) and live in one and rent out the other 2 !! The rent on the 2 houses almost pays for everything so you only pay approx $200 per month. Act fast. Asking $425,000 for all 3 SEPARATE houses. Water well on property, 2 of the homes are hooked up to city gas, third has propane tank. There is a tremendous amount of potential and possibilities here! It's currently generating approx $2,250 per month in RENTAL INCOME, with plenty of upside potential. There are not many multi unit residences around, so take advantage of this once in a lifetime opportunity. Priced well below market, Motivated seller says make me an offer! Do not contact tenants, drive by only!

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T13:31:38.647. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/146757850
Print Image

10316 Baker Road Lucerne Valley, CA 92356

  • Price: $425,000
  • Status: Active Under Contract
  • On Site: 150 Days
  • Updated: 128 min ago
  • ID#: 24346459
9
Beds
0
Baths
0
½ Baths
5
Acres
3,563
SQFT
$119
$/SQFT
1948
Built
Neighborhood:
LUV - Lucerne Valley
County:
San Bernardino
Area:
LUV - Lucerne Valley
Property Description
Unbelievable opportunity for astute investor. Seller looking for all cash offers, however they may consider a short term 2nd with a strong buyer. A triplex with 3 homes on one 5 acre lot, priced so that you can live in one for free, while the other 2 homes pays for you!!! Don't want to live there, no problem, spin off cash instead! Located near the center of town off of Hwy 18. There is over 3,500 Sq Ft in the 3 homes. The main house (unit A) is approx 1,300 sq ft. 3 bedroom + 2 baths, (There is currently a unlawful detainer action filed with unit A. It should bring in an additional $1,800 per month), with the other 2 homes approx 1,152sq ft 3+2 (unit B) and 1,054 sq ft 3+1 (unit C), respectively. There is even an abandoned swimming pool on the property that could probably be salvaged and restored. Properties are in C- condition and needs TLC but where else can you find a deal like this. Buy these 3 houses (called a triplex by the banks) and live in one and rent out the other 2 !! The rent on the 2 houses almost pays for everything so you only pay approx $200 per month. Act fast. Asking $425,000 for all 3 SEPARATE houses. Water well on property, 2 of the homes are hooked up to city gas, third has propane tank. There is a tremendous amount of potential and possibilities here! It's currently generating approx $2,250 per month in RENTAL INCOME, with plenty of upside potential. There are not many multi unit residences around, so take advantage of this once in a lifetime opportunity. Priced well below market, Motivated seller says make me an offer! Do not contact tenants, drive by only!
Exterior Features

Carport Spaces 2 Carport YN Yes Parking Features CarportGarage Parking Total 3 Pool Features See Remarks Spa Features None Spa YN No

Interior Features

Common Walls No Common Walls

Property Features

Association YN No Buyer Financing Cash Garage YN Yes Gross Income 27000 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cal Vet Loan Net Operating Income 0 New Construction YN No Senior Community YN No Sewer Cesspool Special Listing Conditions Standard Vacancy Allowance Rate 0 Water Source Well Zoning LV/RL



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T13:31:38.647. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372317046-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372317046-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372317046-2.jpg
Logo
Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Lou Woolf of Rodeo Realty (818-986-7300)