1036 N Olive Ave, Turlock, CA 95380, Turlock, 95380 - 0 bed, 0 bath
Loading property details...
Turlock, CA 95380
This 8-unit multifamily Asset represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,550,000—positioned well above the $1,273,818 Fair Market Value by -21%. Featuring a Condition Rating of 4, the property offers significant value-add potential through the renovation of the remaining four units. With separate metering and individual washer/dryer hookups, this property minimizes owner expenses. Its strategic proximity to CSU Stanislaus ensures consistent rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Multifamily Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1036 N Olive Ave Subject | $1,550,000* List Price | 0 | 0 | 1,150 | $1,108 | - |
A 1036 N Olive Ave Sold | $1,210,000 | 0 | 0 | 1,150 | $1,052 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property is over 60 years old. While 50% of the units (4 out of 8) have been recently renovated, the remaining units and overall building systems are likely dated (>20 years) and require further updates to achieve a uniform modern standard.
With four units already recently renovated and four remaining, there is a significant opportunity to increase the gross rent multiplier by upgrading the remaining units to market standards.
The units are separately metered and include individual washer/dryer hookups, shifting utility costs and laundry management responsibilities to tenants, which optimizes net operating income.
The property's proximity to CSU Stanislaus, Donnelly Park, and Highway 99 ensures a consistent tenant base of students, faculty, and commuters, minimizing vacancy risks.
The property was recently sold within the past year on 2026-03-19. The sold price is $1,210,000.00.
The property has been active for 269 days, which may suggest the current list price is not aligned with investor expectations or current interest rate environments.
Originally built in 1959, the property likely requires ongoing capital expenditure for older structural, plumbing, or electrical systems that were not addressed in the partial renovations.
1036 N Olive Ave is an 8-unit multifamily property consisting of seven 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, situated across four separate buildings on over half an acre. Four units have been recently renovated. Each unit is separately metered, includes washer/dryer hookups, and features private yard space. Carports are available for most units, and a garage is provided for the 2-bedroom unit and conveniently located near CSU Stanislaus, Donnelly Park, shopping, and Highway 99.
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 | - |
| Lot Size | 24,393 | - |
| Price | $1.55M | $1.21M |
| Price per sq ft | $1.3K | $1.1K |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 295 | 170 |
Mar 19, 2026
$1,210,000
Public Record
Sep 30, 2025
$1,550,000
Initial Listing
Jan 4, 2021
$825,000
Public Record
Nov 30, 2012
$445,000
Public Record