
Turlock, CA 95380
This 8-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well below the $1,349,200 Fair Market Value by 3%. This valuation gap offers $49,200 in Instant Equity. With a Condition Rating of 3, the property features six renovated units and separate utility metering, ensuring operational efficiency. Its proximity to CSU Stanislaus drives consistent rental demand. This is a stable Buy-and-Hold Asset ideal for Value-Add Investors or Multifamily Portfolio Managers seeking immediate cash flow and upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1036 N Olive Ave Subject 0 bd · 0 ba · 1,150 sqft · $1,173 | $1,210,000 | 0 | 0 | 1,150 | $1,173 | - |
A 1036 N Olive Ave Active 0 bd · 0 ba · 1,150 sqft · $1,348 · 0.0 mi | $1,550,000 List Price | 0 | 0 | 1,150 | $1,348 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1959, the property is in good condition as 75% of the units (6 out of 8) are either recently renovated or currently undergoing renovations. The updated units feature modern interiors and washer/dryer hookups, making the majority of the property move-in ready. The remaining two units and the 1959 exterior represent minor deferred updates rather than significant structural issues.
With six units already renovated or currently undergoing updates, the property offers a stabilized foundation with clear upside potential to capture higher market rents on the remaining two units.
All units are separately metered for gas and electricity, which significantly reduces landlord overhead and simplifies property management by shifting utility costs to tenants.
The property's proximity to CSU Stanislaus, Donnelly Park, and Highway 99 ensures high rental demand from students, faculty, and commuters, supporting low vacancy rates.
Built in 1959, the property may require ongoing capital expenditures for long-term maintenance of older systems such as plumbing and roofing that fall outside of recent cosmetic renovations.
The inventory is heavily weighted toward 1-bedroom units (7 out of 8), which may lead to higher tenant turnover compared to larger multi-bedroom units that typically attract long-term residents.
1036 N Olive Avenue, Turlock – 8-unit multifamily property with seven (7) 1-bed/1-bath units and one (1) 2-bed/1-bath unit across four buildings on over half an acre. Four units have been recently renovated, and two additional units are currently undergoing renovations. A new owner will benefit from six updated units, with the two remaining units offering potential for further improvements and upside capture. All units are separately metered for gas and electricity, include washer/dryer hookups, and feature private yard space. Parking includes carports for most units and a garage for the 2-bedroom unit. Located near CSU Stanislaus, Donnelly Park, shopping, dining, and schools, with easy access to Highway 99. Contact listing agents for a complete marketing package and additional information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,150 | 3,728 |
| Lot Size | 24,393 | 19,310 |
| Price | $1.21M | $870.0K |
| Price per sq ft | $1.1K | $233 |
| Built year | 1959 | 1948 |
| HOA | $0 | $0 |
| Days on market | 389 | 218 |
Mar 19, 2026
$1,210,000
Public Record
Sep 30, 2025
$1,300,000
Initial Listing
Jan 4, 2021
$825,000
Public Record
Nov 30, 2012
$445,000
Public Record