
Turlock, CA 95382
This Turnkey Multi-Family Asset is listed at $999,999, representing a stable entry point aligned with its $962,665 Fair Market Value. The property maintains a Condition Rating of 3 following extensive updates, including new quartz countertops, modern appliances, and fresh exterior paint. Each unit is uniquely equipped with a private 2-car garage, internal laundry, and private yard space. Located near CSUS and local schools, the strategic mix of vacant and month-to-month units allows for immediate rental optimization. This is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3632 La Mancha Place Subject | $999,999* List Price | 6 | 8 | 3,623 | $266 | - |
A 3661 La Mancha Place Active | $999,999 List Price | 6 | 9 | 3,681 | $272 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates, including new quartz countertops throughout, new appliances, and fresh exterior paint. While the structure dates to 1991, the interior features modern color palettes, updated flooring (tile and carpet), and refreshed kitchen and bathroom surfaces. It presents as a well-maintained investment with minimal immediate maintenance required, though it retains some original 1990s elements like cabinet frames and older utility systems.
The property features significant recent upgrades including new quartz countertops, stainless appliances, exterior paint, and new balconies, offering a turn-key investment with reduced immediate maintenance needs.
Each unit is exceptionally well-appointed with a private 2-car garage, individual laundry rooms, fireplaces, and ensuite bathrooms for every bedroom, which commands higher rental premiums and attracts long-term tenants.
Located near CSUS with one vacant unit and two month-to-month leases, this property provides a rare opportunity for an owner-occupant or an investor to immediately optimize rental income to current market rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9500, other record lot size in square feet = 9147. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
At a list price of nearly $1 million, the initial capital requirement is high for the Turlock market, which may impact the immediate cash-on-cash return for some investors.
With only three units, a single vacancy represents a 33% loss in gross monthly income, making the property's cash flow more sensitive to tenant turnover than larger multi-family assets.
EXCELLENT RARE OPPORTUNITY! Take advantage of this 3-unit income producing 6 Bedrooms, 6 Full Bath, 2 Half Bath TRIPLEX with Prime Location. Endless opportunities on this Multi Family property! Units are 3632, 3634, 3636. NO HOA, ALL units have fireplaces, Inside laundry Room, and 2 car garage for each unit, On cul-de-sac lot, with schools, shopping, and CSUS nearby. These properties don't come up very often so don't miss your chance!! 3632 & 3634 Units are 2 Story, 2 Bed, 2.5 Bath, 1227 sq ft. 3636 Unit is 1 Story, 2 Bed, 2 Bath, 1169 sq ft. Each with a 2 Car Garage and private yard space. 2 Units have its own Balcony off Primary bedroom, Private Patio, each bedroom has its own bathroom. New exterior paint, New quartz counters throughout, new appliances, new yard fencing, gutters, new balconies. One vacant unit perfect for Owner while remaining 2 units have long term tenants on month-to-month leases offering the new owner revenue growth opportunity. Perfect for seasoned or first-time investors looking for rental income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1991 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 10, 2026
$999,999
Initial Listing
May 10, 2002
$333,000
Public Record