454 N 3rd Ave, Oakdale, CA 95361, Oakdale, 95361 - 0 bed, 0 bath
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454 N 3rd Ave
Oakdale, CA 95361
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,328Sq Ft
12,502Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$473,922
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $473,922 Fair Market Value by -5%. Featuring R3 Zoning on a massive 12,502 SF corner lot, this asset allows for up to four dwelling units, providing significant upside for forced appreciation. While the structure has a Condition Rating of 5 and requires a total rehab, the development flexibility is unmatched. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in a prime downtown location.
Estimated Market Value
$473,922
Based on Realkey algorithm analyzing recent comparable sales in Oakdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 454 N 3rd Ave Subject 0 bd · 0 ba · 1,328 sqft · $357 | $500,000* List Price | 0 | 0 | 1,328 | $357 | - |
A 621 Poplar Street Active 5 bd · 2 ba · 1,819 sqft · $338 · 0.4 mi | $615,000 List Price | 5 | 2 | 1,819 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1920, this property is over 100 years old and requires a total rehab. The exterior shows clear signs of aging with weathered siding and an outdated, awkwardly mounted exterior HVAC unit. The listing heavily emphasizes development options and remodeling, indicating that the interior systems, kitchen, and bathrooms are significantly dated and need major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The R3 zoning on a massive 12,000+ SF lot allows for up to four dwelling units, providing exceptional value-add opportunities for investors or developers.
- Prime Downtown Location
Ideally situated within walking distance to Dorado City Park, fine dining, and community amenities, ensuring high desirability for future tenants or owners.
- Expansive Corner Lot
The oversized corner lot offers superior flexibility for site layout, including the potential for a duplex, additional units, or a large new primary residence.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12502, other record lot size in square feet = 12196.
- Century-Old Structure
Originally built in 1920, the existing home may require extensive modernization or structural upgrades to meet current building codes and buyer expectations.
- Regulatory Compliance
Any new construction must adhere to specific Oakdale design guidelines and city planning approvals, which could increase development costs and project timelines.
About 454 N 3rd Ave
UNIQUE single-family home investment opportunity. Great location in the mature northern downtown Oakdale area, huge corner lot (12,000+ SF) on 3rd & B Street. Walking distance to Dorado City Park, public pool. Summer Concerts in the Park, Kid's Play Park, and Oakdale's fine dining area. The 1,300 SF, 2-bedroom, 1.5 Bath home was built in 1920. Additions over the years are still in good shape. The 600+ SF, 2+ car garage supports further expansion. Currently zoned R3 and, according to the City of Oakdale, allows a total of 4 dwelling units. Verify with Mr. Garvel at the City Planning Dept. Three Development Options: A) Remodel existing home & add an additional 2/1 home on the west side, splitting the existing garage into two 1-car garages w/ rear storage or laundry. B) Build a nice 3+bedroom home facing B Street. C) Build a duplex facing B St. Building area = 100FT wide x 50Ft deep. A two-story is possible by building over the garages. Oakdale has rules for new construction: The Design Expectation for Residential Living - Single & Multi-Family Units.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1920
- Lot Size
- 12,502 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,328 | 1,722.5 |
| Lot Size | 12,502 | 7,400.5 |
| Price | $500.0K | $550.5K |
| Price per sq ft | $377 | $335 |
| Built year | 1920 | 1946 |
| HOA | $0 | $0 |
| Days on market | 33 | 70 |
Pricing History
Listed for Sale
Sep 22, 2026
$500,000
Initial Listing