3661 La Mancha Place, Turlock, CA 95382, Turlock, 95382 - 6 bed, 9 bath
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Turlock, CA 95382
This Turnkey Multi-Family Asset is a Prime Investment Opportunity, listed at $999,999—positioned well below the $1,037,931 Fair Market Value by 3%. This valuation gap provides $37,932 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the property features new quartz countertops, stainless appliances, and private patios. With one vacant unit and two month-to-month leases near CSUS and local schools, it offers immediate rental growth. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3661 La Mancha Place Subject | $999,999* List Price | 6 | 9 | 3,681 | $272 | - |
A 3632 La Mancha Place Active | $999,999 List Price | 6 | 8 | 3,623 | $276 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, including new quartz countertops, stainless steel appliances, modern laminate flooring, and fresh interior and exterior paint. These updates, along with new balconies and fencing, meet current quality standards and eliminate deferred maintenance, making it move-in ready.
Each unit features a highly desirable layout with 2.5 bathrooms, private yards, and individual 2-car garages, providing amenities typically found in single-family homes that attract high-quality tenants.
Significant recent upgrades including new quartz countertops, appliances, exterior paint, and balconies reduce immediate maintenance requirements and capital expenditure for the new owner.
The combination of one vacant unit and two month-to-month tenancies allows for immediate owner-occupancy or the opportunity to quickly adjust rents to current market rates for increased cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9034, other record lot size in square feet = 8712. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
All three units are two-story configurations, which may limit the potential tenant pool by excluding individuals with mobility issues or those preferring single-level living.
Inheriting long-term tenants on month-to-month leases requires the new owner to manage potential rent increases or turnovers, which can lead to initial vacancy periods or renovation costs.
RARE OPPORTUNITY! Take advantage of this 3-unit income producing 6 Bedrooms, 6 Full Bath, 3 Half Bath TRIPLEX with Prime Location. Endless opportunities on this Multi Family property! Units are 3661, 3663, 3665. 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!! ALL units are 2 Bedrooms with 2.5 baths. approximately 1227 Sq Ft each, Two story units each with a 2 Car Garage and private yard space. Each unit has its own Balcony off Primary bedroom, Private Patio, each bedroom has its own bathroom with guest half bath downstairs. 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 |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 9.0 | 0.0 |
| Square foot | 3,681 | - |
| Lot Size | 9,034 | - |
| Price | $1000.0K | $1.21M |
| Price per sq ft | $272 | $1.1K |
| Built year | 1991 | 0 |
| HOA | $0 | $0 |
| Days on market | 116 | 170 |
Mar 28, 2026
$999,999
Initial Listing
May 10, 2002
$333,000
Public Record