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Sold for $425,000 on 07/08/24
  • $425,000

    10316 Baker Rd, Lucerne Valley, CA 92356

    9beds
    5baths
    3,563sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $404,900 Zestimate®
    $119/sqft
    $1,494 Estimated rent

    Home value

    $404,900

    $340,000 - $466,000

    $1,494/mo

    Zestimate® history
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    $2,593/mo

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    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: July 08, 2024 at 10:22am

    Listed by:

    Lou Woolf DRE # 00543319 818-692-9653,

    Rodeo Realty 818-986-7300

    Bought with:

    Oscar Garcia, DRE # 00972163

    1% LISTING FEE

    Source: CLAW,MLS#: 24-346459MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 5
    Heating
    • Other
    Cooling
    • Other
    Interior area
    • Total structure area: 3,563
    • Total interior livable area: 3,563 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage, Carport
    • Garage spaces: 1
    • Carport spaces: 2
    • Covered spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Pool features: Other
    • Spa features: None
    Lot
    • Size: 5 Acres
    Details
    • Additional structures: None
    • Parcel number: 0451121230000
    • Zoning: LV/RL
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1948

    Utilities & green energy

    • Sewer: Cesspool
    • Water: Well

    Community & neighborhood

    Location
    • Region: Lucerne Valley

    Price history

    DateEventPrice
    8/23/2025Listing removed$1,700
    Source: CRMLS #IV25177981
    8/15/2025Listed for rent$1,700
    Source: CRMLS #IV25177981
    7/8/2024Sold$425,000$119/sqft
    Source: CLAW #24-346459
    2/21/2024Contingent$425,000$119/sqft
    Source: CLAW #24-346459
    1/11/2024Listed for sale$425,000-3.4%$119/sqft
    Source: CLAW #24-346459

    Public tax history

    YearProperty taxesTax assessment
    2025$6,620 +95.8%$425,000 +57.1%
    2024$3,381 +1.1%$270,608 +2%
    2023$3,343 +2.2%$265,302 +2%

    Find assessor info on the county website

    Neighborhood: 92356

    Nearby schools

    GreatSchools rating
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    Get a free Zillow Showcase℠ listing and you could sell for .
    $404,900
    2% more+ $8,098
    With Zillow Showcase(estimated)
    $412,998