1087 Souza Street, Turlock, CA 95380, Turlock, 95380 - 0 bed, 0 bath
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1087 Souza Street
Turlock, CA 95380
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,814Sq Ft
8,276Lot Size
Property Price
LIST PRICE$619,000
EST. MARKET VALUE
$582,830
6% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity features two detached residences on a single lot, listed at a List Price of $619,000—positioned well above the $582,830 Fair Market Value. Despite the premium, the property offers a stable Turnkey Rental Income stream of $50,000 annually. With a Mint Condition Rating following comprehensive renovations, including Quartz Countertops and Porcelain Tile, this asset minimizes capital expenditure. The corner-lot configuration provides high tenant privacy, making this a reliable acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing immediate, long-term cash flow.
Estimated Market Value
$582,830
Based on Realkey algorithm analyzing recent comparable sales in Turlock.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1087 Souza Street Subject 0 bd · 0 ba · 1,814 sqft · $321 | $619,000* List Price | 0 | 0 | 1,814 | $321 | - |
A 512 N Palm Street Pending 4 bd · 3 ba · 2,180 sqft · $275 · 0.3 mi | $599,000 List Price | 4 | 3 | 2,180 | $275 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone a comprehensive recent renovation within the last 5 years. The interior features a modern kitchen with new shaker cabinetry, quartz countertops, and stainless steel appliances. Additional high-end finishes include polished porcelain tile flooring, updated lighting, and fully remodeled bathrooms with extensive tile work, placing it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Rental Income
The property generates approximately $50,000 in annual gross income with established long-term tenants secured on new two-year leases, providing immediate and stable cash flow for investors.
- Extensive Modern Renovations
Both detached homes feature high-end updates including polished porcelain tile flooring, quartz countertops, and stainless steel appliances, significantly reducing the need for immediate capital improvements.
- Detached Dual-Living Configuration
The corner-lot layout features two completely separate residences with private outdoor areas, offering a higher degree of tenant privacy and desirability than a standard shared-wall duplex.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1814, other record living area = 828.
- Aging Core Infrastructure
Originally built in 1947, the property may have underlying structural or systemic components that require more maintenance than a newer build, despite the recent cosmetic upgrades.
- Limited Immediate Flexibility
The recent two-year lease renewals for both units restrict a new owner's ability to adjust rents to current market rates or occupy one of the units as a primary residence in the near term.
About 1087 Souza Street
Excellent investment opportunity featuring two remodeled detached homes on one lot in Turlock. 1087 Souza St and 238 Almond Ave currently generate approximately $50,000 in annual gross rental income from established long-term housing voucher tenants. Both households have recently renewed for an additional two-year term, providing an incoming owner with established rental income from day one. This property features two separate detached residences, private outdoor areas, off-street parking, and a corner-lot configuration. Recent improvements include polished porcelain tile flooring, updated lighting, remodeled kitchens with new cabinetry, quartz countertops, composite sinks and stainless steel appliances, and updated bathrooms with extensive tile finishes. Do not disturb tenants. Buyer to verify all property information.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1947
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,814 | 3,728 |
| Lot Size | 8,276 | 19,310 |
| Price | $619.0K | $870.0K |
| Price per sq ft | $341 | $233 |
| Built year | 1947 | 1948 |
| HOA | $0 | $0 |
| Days on market | 23 | 218 |
Pricing History
Listed for Sale
Oct 1, 2026
$619,000
Initial Listing
Sold
Mar 18, 2022
$430,000
Public Record