454 N 3rd Avenue, Oakdale, CA 95361, Oakdale, 95361 - 2 bed, 2 bath
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454 N 3rd Avenue
Oakdale, CA 95361
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,328Sq Ft
12,502Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$427,502
16% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well above the $410,164 Fair Market Value by -21%. While the current valuation reflects a premium, the R2 Zoning and expansive 12,500 SF lot provide significant upside for development. Featuring a Poor Condition Rating, the home requires a full-scale renovation to modernize its 1920s infrastructure. This asset is best suited for Buy-and-Hold Investors or Developers focused on long-term land utilization and multi-unit expansion in downtown Oakdale.
Estimated Market Value
$427,502
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 Avenue Subject | $500,000* List Price | 2 | 2 | 1,328 | $322 | - |
A 1204 Maple Drive Pending | $355,000 List Price | 3 | 2 | 1,333 | $266 | 0.5 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 shows no signs of recent renovation. The kitchen features highly outdated 1970s-style cabinetry and appliances, while the interior contains dated wood paneling and acoustic ceiling tiles. Exterior maintenance is deferred with peeling paint on the porch, and the cooling system relies on an aging wall-mounted unit rather than modern central HVAC. The listing emphasizes land value and development potential, confirming it needs a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 12502, living area = 1328.
- Significant Development Potential
The expansive 12,500 SF lot includes 6,500 SF of R2-zoned land ready for additional development, offering a rare opportunity to build a second home or multi-unit investment.
- Prime Downtown Location
Perfectly situated within four blocks of Oakdale’s farmers market, fine dining, and financial district, providing exceptional walkability and lifestyle convenience.
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.
- Age-Related Maintenance
Built in 1920, the property may require significant updates to its core infrastructure, such as plumbing, electrical, and foundation, to meet modern standards.
- Limited Interior Scale
With only two bedrooms and 1,328 square feet of living space, the home may not accommodate larger families or those needing more versatile indoor layouts.
About 454 N 3rd Avenue
Oh My!!! 100+ year old downtown Oakdale classic. Its possible that hitching posts were still in use for off street parking when this home was first built on the outskirts of town. Located in the northwest section within 4 blocks of the farmers market and Oakdale's fine dining and financial areas. The home is situated on a 12,500 SF lot, however it occupies only 5500 SF of the interior portion while the remaining 6500 SF is ready for additional development zoned R2 or build another home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 12,502 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,328 | 1,751.234 |
| Lot Size | 12,502 | 6,811.766 |
| Price | $500.0K | $531.2K |
| Price per sq ft | $377 | $306 |
| Built year | 1920 | 1990 |
| HOA | $0 | $155 |
| Days on market | 145 | 51 |
Pricing History
Listed for Sale
Jul 12, 2026
$500,000
$625,000
-20% Price Drop
Initial Listing
Price Change
Apr 17, 2026
$625,000
Initial Listing