331 Spruce Street, Turlock, CA 95380, Turlock, 95380 - 6 bed, 4 bath
331 Spruce Street
Turlock, CA 95380
Property Price
SUMMARY
Analysis of 331 Spruce Street, Turlock, CA 95380 is currently available with a list price of $661,740. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Turlock Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property consists of three units that have been extensively updated within the last two years, including remodeled kitchens, bathrooms, and flooring. Major systems such as roofs, HVAC, and plumbing lines have also been addressed. While the 1982 build date and the $30,000 renovation budget across three units suggest functional rather than high-end luxury finishes, the property is well-maintained, move-in ready, and meets the criteria for a 'good' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Investment Potential
The property generates a robust $4,400 monthly rental income with a projected 8.78% annual return, offering an exceptional opportunity for cash-flow-focused investors.
- Extensive Recent Capital Improvements
With over $30,000 in recent upgrades, including new roofs, HVAC, kitchens, baths, and sewer lines, the property minimizes immediate maintenance costs and enhances long-term value.
- Versatile Multi-Unit Configuration
Featuring three separate houses on a single lot, the layout provides maximum flexibility for multi-generational living or an owner-occupant looking to 'house hack' by living in one and renting the others.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2507, other record living area = 960. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
- High Lot Density
Accommodating three separate dwellings on a 10,500-square-foot lot results in limited private outdoor space and close proximity between units, which may impact tenant privacy.
- Increased Operational Complexity
Managing three detached structures involves maintaining multiple separate systems (roofs, HVAC, plumbing), which can be more labor-intensive than managing a single-building multi-family property.
About 331 Spruce Street
Three remodeled houses on a 10,500sf lot. Bringing in $4,400/month in rent. Possible 8.78% annual return on investment. Sellers have put more then $30,000 into improvements in the last 2 years. No Association fees. Updates include kitchens, baths, flooring, fixtures, dual pane windows, heating & air, roofs, sewer line, water line, and more. All units have an inside laundry area. All are rented and well maintained. Great opportunity for an investment, extended families, or live in one and rent the others. Please do not disturb the occupants.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1982
- Lot Size
- 10,498 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,507 | 2,507 | 50% |
| Lot Size | 10,498 | 10,498 | 50% |
| Price | $637.5K | $637.5K | 50% |
| Price per sq ft | $254 | $254 | 50% |
| Built year | 1982 | 1981 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 205 | 202 | 83% |
Pricing History
Sold
Oct 28, 2025
$637,500
Public Record
Sold
Mar 26, 2015
$290,000
Public Record
Sold
Jun 18, 2014
$280,000
Public Record
Sold
Oct 18, 2013
$160,000
Public Record