
Waterford, CA 95386
This triplex is a Strong Value Opportunity, listed at $635,000—positioned well above the $593,351 Fair Market Value by -7%. Featuring a Fair Condition Rating, the property requires modernization to optimize rental yields. Key assets include two-car garages and durable tile flooring, which minimize maintenance overhead. While the landlord currently covers water and sewer, the established long-term tenancy provides immediate cash flow. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers focused on long-term portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12317 Bentley Street Subject | $635,000* List Price | 6 | 3 | 2,375 | $250 | - |
A 210 Tim Bell Road Pending | $535,000 List Price | 4 | 4 | 2,356 | $227 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1992 (32 years old), the property exceeds the 30-year threshold for original systems. The kitchen shows a poor-quality DIY paint job on dated cabinetry and aging fixtures, indicating a need for a full rehab. The use of wall-mounted HVAC units and the overall interior condition suggest significant modernization is required.
The property features established long-term tenants, providing an investor with immediate cash flow and reduced vacancy risk from the start.
Each unit includes a two-car garage and access to a long driveway, offering rare and ample parking capacity that significantly enhances tenant appeal.
The use of tile flooring throughout all units provides a durable, easy-to-clean surface that minimizes turnover costs and long-term maintenance expenses.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12502, other record lot size in square feet = 12196.
The landlord currently covers water and sewer costs, which increases monthly operating overhead and reduces the property's net operating income.
While long-term tenants offer stability, they often signify that current rental rates may be below market value, requiring a strategic plan to optimize returns.
Triplex units with two car garages, laundry hookups and long term tenants. Long driveway for extra parking and tile flooring throughout. Landlord currently pays for water and sewer. Priced to sell.
No exterior & parking available.
No sensitive facilities data found.
Aug 13, 2026
$635,000
Initial Listing
Oct 22, 2003
$320,000
Public Record