Commercial zoned, corner property, centrally located in the heart of Lucerne Valley, with two wells! Frontage along State Highway 18 which has a dedicated left turn lane, along with additional access from paved Trade Post Rd, makes this property a definite must see. Conveniently located close to all Lucerne Valley has to offer: including schools, restaurants, shopping, churches, parks, as well as Public Transit stops. Previously used as medical offices, this property has been converted into a total of 5 rented units, spread between two buildings. Units range in size, from 2 bedroom, 2 baths down to 1 bedroom, 1 baths. Every unit was renovated: including kitchens, new boilers, and updated flooring throughout. Several of the units even have washer/dryer hookups, and access to a quaint shaded courtyard! Multiple electric meters are present on the property, and all the units are currently set up for electric appliances, but there is Natural Gas access at the street. This amazing property also boasts two septic systems, creating the possibility for future expansion on this generous 2.317 acre lot.
*** MULTIPLE HOMES ON THE LOT**** Perfect opportunity to build to suit or add a mobile home to increase your ROI. This is a 5 acre parcel with multiple addresses. Well has mineral rights, separately metered. 5 electrical meters in total on this lot! Perfect opportunity to create an RCFE, rehab center, or housing for multiple families. CHECK THE HUD website for potential rental income. This property includes ONE 3 bedroom 1 bath, ONE 2 bedroom 1 bath, ONE STUDIO (ONE BED, BATH, KITCHENETTE). There is also a tear down mobile home and a tear down outhouse. The possibilities are endless for this property along with the return on your investment!! This property is sold in AS IS/ WHERE IS condition!!
Prime Investment! 3 Units on a sprawling 5 acre lot! Two of the units feature comfortable 2 bedrooms and 1 bath. The third unit, is a charming studio! Wake up to breathtaking views every morning, surrounded by the tranquility of nature. Property is an ideal haven for ranching enthusiasts and outdoor adventurers alike. Great opportunity to live in one unit and rent the other two. One unit generates monthly rental income of $1400, studio was previously rented for $800 a month but does need a renovation. Vacant unit has been recently remodeled. With a little bit of work this property can be restored to it's full potential!
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!
Lucerne Valley is located in California. Lucerne Valley, California has a population of 5,472. Lucerne Valley is less family-centric than the surrounding county with 11.27% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Lucerne Valley, California is $30,061. The median household income for the surrounding county is $57,156 compared to the national median of $57,652. The median age of people living in Lucerne Valley is 49.6 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 15.5 inches per year, with 65.7 inches of snow per year.
