
Midway City, California 92655
This Residential Income Quadruplex presents a High-Potential Investment Opportunity, listed at $2,400,000—positioned well below the $2,383,628 Fair Market Value (Note: Price is currently at market parity). Featuring a 4,481 sqft footprint with a Condition Rating of 3, the property offers modern interior updates and a stable, fully occupied status. Its townhome-style layout minimizes vacancy risk and appeals to long-term tenants. This asset is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate, reliable cash flow in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14891 Van Buren Subject 0 bd · 0 ba · 4,481 sqft · $532 | $2,400,000* List Price | 0 | 0 | 4,481 | $532 | - |
A 8161 Elmore Active 0 bd · 0 ba · 3,712 sqft · $485 · 0.3 mi | $1,799,000 List Price | 0 | 0 | 3,712 | $485 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1989, the interior shows significant recent updates. The bathroom features modern tile work, a glass shower enclosure, and a contemporary vanity, while the living areas have updated laminate flooring and recessed lighting. The property is well-maintained and move-in ready.
The property is fully occupied and located in a highly desirable neighborhood, providing an investor with immediate rental income and minimal initial vacancy risk.
The townhome-style units offer a more private, residential feel than traditional apartments, which typically attracts long-term tenants and commands higher rent premiums.
Built in 1989 with a generous 4,481 square feet of living space, the property is relatively newer than much of the local multi-family stock, likely reducing immediate maintenance needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4481, other record living area = 1136.
With a list price of $2.6 million, the cost per unit is substantial, which may result in a lower capitalization rate and require significant capital for acquisition.
The property lacks any specific views or unique architectural features, which could limit its competitive edge against more modern or amenity-rich developments in the area.
Exceptional Investment Opportunity in Highly Desirable in Midway City! Discover this fully occupied, well-maintained 4-unit townhome-style income property located in one of Midway City’s most sought-after neighborhoods. Don’t miss this once-in-a-lifetime opportunity! Income-producing properties like this are rare and highly coveted. Act fast—this one won’t last!
No exterior & parking available.
No sensitive facilities data found.
Sep 9, 2026
$2,400,000
$2,600,000
-8% Price Drop
Initial Listing
May 21, 2026
$2,600,000
Initial Listing
Mar 27, 1998
$351,000
Public Record
Dec 24, 1997
$272,000
Public Record