1868 Pennebaker Way, Manteca, CA 95336, Manteca, 95336 - 3 bed, 1 bath
ACTIVE$928,000$900/sqft
1868 Pennebaker Way, Manteca, CA 95336
3Beds
1Bath
900Sqft
7,484Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Residential Income Opportunity: As a Triplex, the property offers immediate income-generating potential, appealing to investors seeking multi-unit assets in Manteca.
Top Cons:
Ambiguous Unit Configuration & Low Bathroom Count: The property is listed as a Triplex with 3 total bedrooms and only 1 total bathroom, which is highly unusual and suggests either an error in data or a very low bathroom-to-bedroom ratio across the units, potentially limiting rental appeal and income.
Compared to the nearby listings
Price:$928.0K vs avg $869.5K (+$58,500)50%
Size:900 sqft vs avg sqft67%
Price/sqft:$1.0K vs avg $083%
More Insights
Built in 1985 (41 years old).
Condition: The property, a triplex built in 1985, is nearly 40 years old. While the description highlights a 'beautifully remodeled ground-floor unit' with a modern kitchen (as seen in the image with updated grey cabinets, speckled countertops, and a black dishwasher), the condition of the other units and the overall building's major systems (roof, plumbing, electrical, HVAC) are not specified and are likely original or older. This mixed condition, with one updated unit and the overall age of the structure, places the property in the 'Fair' category, indicating it's aged but likely maintained, with some components showing signs of being outdated in the un-remodeled sections.
Year Built
1985
Close
-
List price
$928K
Original List price
-
Price/Sqft
$1,031
HOA
$0
Days on market
-
Sold On
-
MLS number
225100230
Home ConditionFair
Features
Deck
View-
About this home
Beautifully remodeled ground-floor unit in a well-maintained Triplexes. This 900 sq. ft. residence features 2 bedrooms, 1 bathroom, and includes a private single-car garage with an automatic opener. Nestled in a quiet cul-de-sac, the property offers convenient access to freeways and nearby shopping.
M
Mary Seo
Listing Agent
Price History
Date
Event
Price
08/06/96
Sold
$187,000
01/25/19
Sold
$700,000
06/23/16
Sold
$430,000
Condition Rating
Fair
The property, a triplex built in 1985, is nearly 40 years old. While the description highlights a 'beautifully remodeled ground-floor unit' with a modern kitchen (as seen in the image with updated grey cabinets, speckled countertops, and a black dishwasher), the condition of the other units and the overall building's major systems (roof, plumbing, electrical, HVAC) are not specified and are likely original or older. This mixed condition, with one updated unit and the overall age of the structure, places the property in the 'Fair' category, indicating it's aged but likely maintained, with some components showing signs of being outdated in the un-remodeled sections.
Pros & Cons
Pros
Residential Income Opportunity: As a Triplex, the property offers immediate income-generating potential, appealing to investors seeking multi-unit assets in Manteca.
Remodeled Ground-Floor Unit: The described ground-floor unit has been 'beautifully remodeled,' suggesting modern aesthetics and reduced immediate maintenance for that specific unit, enhancing tenant appeal and rentability.
Private Single-Car Garage: The inclusion of a private single-car garage with an automatic opener for the described unit is a significant amenity, providing convenience, security, and added value for tenants.
Desirable Location Attributes: Situated in a quiet cul-de-sac with convenient access to freeways and nearby shopping, offering a blend of peaceful living and urban accessibility for residents.
No Association Fees: The absence of association fees (stated as $0) reduces ongoing operational costs, improving the net income potential for an investor.
Cons
Ambiguous Unit Configuration & Low Bathroom Count: The property is listed as a Triplex with 3 total bedrooms and only 1 total bathroom, which is highly unusual and suggests either an error in data or a very low bathroom-to-bedroom ratio across the units, potentially limiting rental appeal and income.
High List Price Relative to Limited Stated Square Footage: The list price of $928,000 is substantial, especially when only 900 sqft is explicitly mentioned (likely for one unit). This creates ambiguity regarding the total rentable square footage of the entire triplex, potentially leading to a perception of high cost per square foot or an unclear valuation basis.
Age of Property and Unspecified Condition of Other Units: Built in 1985, the property is nearly 40 years old. While one unit is remodeled, the condition and potential capital expenditure requirements for the other units and the overall building infrastructure are not specified, posing potential future maintenance and renovation costs.