1957 W Woodward Avenue, Manteca, CA 95337, Manteca, 95337 - 3 bed, 1 bath
ACTIVE$2,799,985/sqft
1957 W Woodward Avenue, Manteca, CA 95337
3Beds
1Bath
Sqft
191,228Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 191228, living area = 1575.
Top Cons:
Age of Existing Structure (1948): The current single-family home, built in 1948, is likely outdated and may require extensive renovation or demolition, adding to initial project costs for developers.
Compared to the nearby listings
Price:$2.80M vs avg $595.0K (+$2,204,985)99%
Size: sqft vs avg 2,052.5 sqft2%
Price/sqft:$0 vs avg $29217%
More Insights
Built in 1948 (78 years old).
Condition: The property was built in 1948, making it 76 years old. The listing description and property analysis explicitly state that the existing single-family home is 'likely outdated and may require extensive renovation or demolition,' and its value is primarily in the R-2 zoned land for redevelopment. The complete absence of interior images, particularly of the kitchen and bathroom, strongly suggests these areas are in very poor, outdated, or unlivable condition, consistent with a structure that has not seen major renovations in decades. The property's value is clearly based on the land and its development potential, aligning with the 'Tear-down' criteria.
Year Built
1948
Close
-
List price
$2.8M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225052307
Home ConditionTear down
Features
Patio
View-
About this home
Welcome to 1957 W Woodward Avea rare and unique opportunity located on 4.39 acres in a highly versatile and desirable area. Currently featuring a single-family home, this expansive property offers endless potential with its R-2 zoning, allowing for a wide range of residential developments including additional single-family homes, multi-family units, townhomes, and condominiums. Whether you're a home builder, investor, or developer, this parcel presents a prime chance to bring your vision to life. Don't miss out on one of the few properties in the area with this level of flexibility and size.
D
Daniel Marquez
Listing Agent
Condition Rating
Tear down
The property was built in 1948, making it 76 years old. The listing description and property analysis explicitly state that the existing single-family home is 'likely outdated and may require extensive renovation or demolition,' and its value is primarily in the R-2 zoned land for redevelopment. The complete absence of interior images, particularly of the kitchen and bathroom, strongly suggests these areas are in very poor, outdated, or unlivable condition, consistent with a structure that has not seen major renovations in decades. The property's value is clearly based on the land and its development potential, aligning with the 'Tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 191228, living area = 1575.
Highly Versatile R-2 Zoning: The R-2 zoning designation offers exceptional flexibility, permitting a broad spectrum of residential developments including additional single-family homes, multi-family units, townhomes, and condominiums.
Expansive 4.39-Acre Lot: This substantial land parcel provides ample space for significant development projects, a rare find in a desirable area.
Significant Development Potential: Explicitly marketed to home builders, investors, and developers, the property presents a prime opportunity for large-scale residential projects.
Unique Investment Opportunity: Described as a 'rare and unique opportunity,' its combination of size and zoning flexibility makes it a standout asset for strategic investment.
Strategic Location in Manteca: Situated in a 'highly versatile and desirable area' within Manteca, a growing Central Valley city, enhancing its appeal for future residential demand.
Cons
Age of Existing Structure (1948): The current single-family home, built in 1948, is likely outdated and may require extensive renovation or demolition, adding to initial project costs for developers.
Limited Bathroom Count: The existing 3-bedroom home features only one bathroom, which is a significant drawback for modern living standards and would necessitate upgrades if the current structure were to be retained.
High Initial Investment: With a list price of nearly $2.8 million, the property represents a substantial upfront investment, primarily driven by land value and development potential, which narrows the buyer pool to serious investors and developers.