
Magalia, California 95954
This Multi-Unit Residential Compound is a High-Potential Investment Opportunity with a List Price of $395,000—positioned well below the $442,576 Fair Market Value by 10%. This valuation gap offers $47,576 in Instant Equity for buyers. The property features two separate dwellings on 1.32 wooded acres and a high-clearance RV shop, providing significant rental upside despite a Fair Condition Rating. Located in the Paradise Unified School District, this asset is ideal for Buy-and-Hold Investors or Multi-Generational Buyers looking for a high-utilization, value-add acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14599 Skyway Subject | $395,000* List Price | 4 | 3 | 2,264 | $195 | - |
A 6487 Perry Road Sold | $355,000 | 3 | 2 | 1,589 | $223 | 0.4 mi |
B 14213 Wycliff Active | $459,000 List Price | 3 | 2 | 2,247 | $204 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of a 1960s main house and a 1978 mobile home, both showing signs of age despite some maintenance. While the main house roof was replaced in 2016 and the mobile home has received recent updates, the overall aesthetic of the kitchens and bathrooms remains dated. The presence of a pole barn requiring roof work and an unused old well system indicates deferred maintenance typical of a 'fair' condition rating. The property is functional and habitable but requires modernization and minor repairs.
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 separate residences on a single 1.32-acre lot, providing an excellent opportunity for multi-generational living or supplemental rental income.
A large, high-clearance shop with a concrete slab, electricity, and water offers significant value for hobbyists, RV storage, or those needing a professional-grade workshop.
The property requires immediate attention to several areas, specifically the pole barn roof and an unused well system, which may necessitate additional capital investment.
The presence of a 1978 mobile home and the unique multi-structure setup may complicate traditional financing, potentially limiting the buyer pool to cash or specialized lenders.
Two homes on 1.32 acres. This house was built in 1960 with 2 bedrooms, 1 bath, offering 1112 sq. ft. You have a living room, dining room, kitchen, laundry, 2 bedrooms and some attic space that was used for a bonus room at one point. The home is all electric with a fire place and insert for really heating the place up. The roof on the home was installed in 2016 per county records. The Kitchen has a large island, double oven, dishwasher, trash compactor, and a wall pantry. There is also a breakfast bar that is chair height. Out back you will find a large deck for enjoying your morning coffee. A two car garage is close to the house. Beyond the garage, is an old pole barn with a dirt floor and built from trees that may have come from this lot I was told. The walls on the barn are really thick 2 X 12's I believe. The roof needs work on the barn. Attached to the old barn is one room with small bathroom. There is also another section added to the back of the old barn, partial slab for a car maybe, and the rest possibly used for animals? There is a sink and storage area with lots of room too. Then further back on the lot, there is a large tall shop with a slab floor. Could be an RV garage, or shop. It has an electric panel and water. Lastly, at the rear of the property, there is a 1978 mobile home that was moved onto the property in 1995 per county records. It has been updated in the last few years. It has 1152 sq ft per title records with 2 bedrooms, 2 baths, a screened in, long front porch and a few fruit trees on the south side. The mobile home is on the same 1.32 acre lot. If not a cash buyer, we may know of someone that can lend on it. For mailing purposes, the mobile has a different address. It also has a leased propane tank, water gage and newer electric it appears. Buyers to investigate any and all aspects of the homes and property through inspections they deem necessary. There is an old well (unknown age), with pressure tank, not used in years. Del Oro water company provides the property water. Some fencing around the back part of the property. However, most of what you see as fencing with tarps for privacy, is temporary and belongs to the current renters in the front house. To show property, tenants need 24 hr notice. Call your agent to set appointment!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 95% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 2,264 | 1,480 | 93% |
| Lot Size | 57,499.199 | 13,285.7 | 84% |
| Price | $395.0K | $276.5K | 89% |
| Price per sq ft | $174 | $179 | 45% |
| Built year | 1960 | 1986 | 5% |
| HOA | $0 | $278 | 41% |
| Days on market | 82 | 215 | 13% |
Jan 30, 2026
$395,000
Initial Listing
May 5, 2022
$210,000
Public Record