
Magalia, California 95954
This property presents a High-Potential Investment Opportunity with a List Price of $349,500, positioned at its $349,500 Fair Market Value. Featuring a Fair Condition Rating, this 1.32-acre asset offers significant Multi-Unit Income Potential through two distinct homes and a studio unit. While the aging infrastructure requires modernization, the expansive lot, RV-height shop, and pole barn provide substantial utility for value-add projects. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14599 Skyway Subject | $349,500* List Price | 0 | 0 | 2,264 | $154 | - |
A 14385 Holmwood Active | $440,000 List Price | 3 | 3 | 2,550 | $173 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The main home was built in 1960 and the secondary mobile home in 1978. While the listing mentions 'some updates' and shows newer laminate flooring in some rooms, the kitchen and bathrooms are significantly dated, featuring cabinetry and fixtures likely 30+ years old. The property is functional and move-in ready but requires modernization of major systems and interior finishes to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57499, living area = 2264.
The property features two distinct homes plus a studio unit on a single 1.32-acre lot, offering excellent opportunities for multi-generational living or significant rental income.
Equipped with a two-car garage, a pole barn, and a large RV-height shop featuring a concrete floor, electric panel, and water, this property is ideal for hobbyists or those with heavy equipment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2264, other record living area = 1112.
With the main home built in 1960 and the manufactured home dating to 1978, buyers should anticipate potential maintenance needs and check for financing eligibility on the older mobile unit.
The property has been on the market for over 75 days and has already undergone a price reduction, which may indicate a disconnect between the initial asking price and current buyer demand.
TWO HOMES on 1.32 acres with circle driveway and pavement down to second home too. Looking for extended family members to live close? Looking for rentals that will provide income? This front house with 2 bedrooms, 1 bath, offering more than 1100 sq. ft with some updates, one room at poll barn with abathroom, and the manufactured home on the back of the property offering 2 bedrooms and 2 bathrooms, all add up to more than the 2400 square feet. The fronthouse offers a living room, dining room, kitchen, 2 bedrooms, 1 bath, some attic space and a long bonus room added at the back of the home. There is a nice brickfire place with insert for warm cozy winter evenings. The Kitchen has a large island, double oven, dishwasher, pantry and a breakfast bar. Out back you will find alarge deck for enjoying your morning coffee, barbecuing in the summer, or entertaining friends and family. There is a two car garage, and beyond the garage, is anold pole barn that was built from trees on this lot I was told years ago. The walls on the barn are really thick 2 X 12's I believe. Attached to the old barn is a oneroom studio with a bathroom. On the back side of the barn, there is a a long storage space and a cement slab, that looks like it was a single car garage. Furtherback on the lot, there is a large very tall building with a cement floor. Could be an RV garage, or shop. It has an electric panel, water and RV dump. At the very backof the property, there is a 1978 mobile home that was placed on the property in 1995 per county records. It has been updated. It offers 1152 sq ft per title recordswith 2 bedrooms, 2 baths, a screened in, long front porch the length of the home and a ramp for access. There is also a couple fruit trees on the south side. All ofthis sets on the 1.32 acre lot. For mailing purposes, the mobile has a different address. It also has a leased propane tank for heat, a separate water gage and newerelectric it appears. Buyers encouraged to do any inspections they deem necessary. There is an old well, unknown age. Del Oro water company provides theproperty water. Partially fenced. See it soon!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.9 |
| Baths | 0.0 | 2.1 |
| Square foot | 2,264 | 1,779.864 |
| Lot Size | 57,499.199 | 29,779.091 |
| Price | $349.5K | $318.9K |
| Price per sq ft | $154 | $183 |
| Built year | 1960 | 1989 |
| HOA | $0 | $310 |
| Days on market | 81 | 83 |
Sep 4, 2026
$349,500
$374,900
-7% Price Drop
Initial Listing
Jun 20, 2026
$374,900
Initial Listing
May 5, 2022
$210,000
Public Record