468 Cherry Lane D, Manteca, CA 95337, Manteca, 95337 - 2 bed, 1 bath
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468 Cherry Lane D
Manteca, CA 95337
ACTIVE
CONDITION: POOR
2Beds
1Baths
941Sq Ft
923Lot Size
Property Price
LIST PRICE$149,000
EST. MARKET VALUE
$166,803
10% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $159,000—positioned well below the $170,156 Fair Market Value by 6%. This valuation gap offers $11,156 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 5, the unit provides immediate rental income via an established tenant. Its strategic location near the golf course and major commuter arteries makes this a stable Buy-and-Hold Asset ideal for Buy-and-Hold Investors or first-time investors seeking entry into the Central Valley market.
Estimated Market Value
$166,803+$17,803 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Manteca.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 468 Cherry Lane D Subject | $149,000* List Price | 2 | 1 | 941 | $177 | - |
A 479 Cherry Lane A Sold | $189,000 | 2 | 1 | 944 | $200 | 0.0 mi |
B 480 Cherry Lane C Pending | $179,800 List Price | 2 | 1 | 941 | $191 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Property is 39 years old (built 1985) with no evidence of recent renovations, placing it in the >30y category. While described as 'clean,' the age suggests original systems, kitchen, and bath are at the end of their functional life and require rehab for modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is occupied by an established long-term tenant, offering investors immediate cash flow and a turnkey rental opportunity from day one.
- Strategic Commuter Location
Situated in a central hub between I-5, Highway 99, and Highway 120, this location is ideal for Bay Area commuters and provides easy access to local amenities and a golf course.
- Investment Value
With a competitive list price of $159,000 and significant rental upside, the property presents a low-barrier entry point with strong potential for long-term appreciation.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $750 is substantial relative to the purchase price, which may significantly impact the net monthly operating income for an investor.
- Limited Inspection Access
The 'do not disturb occupant' restriction and tenant-occupied status can complicate the due diligence process and limit the ability to perform immediate interior assessments or upgrades.
About 468 Cherry Lane D
Calling all investors! Opportunity to purchase a clean 2 bedroom, 1 bath condo in the heart of Manteca. Unit is occupied by an established long term tenant, providing immediate rental income. Located across the street the Golf Course, with convenient access to shopping, services, freeway access. Manteca is a well positioned commercial hub in the Central Valley. Located between I-5, Highway 99, and Highway 120, it serves as a bedroom community for Bay Area commuters and a great place to raise a family. Unit offers near term rental upside and long term appreciation potential. Please do not disturb the occupant. 439 Cherry Unit D also available.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 923 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $750 / Month
Neighborhood Insights
Manteca Unified Schools
Stella Brockman Elementary School
Grades K-8 • 0.7 mi
4/10
Golden West Elementary School
Grades K-8 • 1.0 mi
4/10
Manteca High School
Grades 9-12 • 1.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 941 | 1,389 |
| Lot Size | 923 | 1,058,072 |
| Price | $149.0K | $405.0K |
| Price per sq ft | $158 | $292 |
| Built year | 1985 | 1990 |
| HOA | $750 | $245 |
| Days on market | 39 | 69 |
Pricing History
Listed for Sale
Aug 15, 2026
$149,000
$159,000
-6% Price Drop
Initial Listing
Price Change
Aug 1, 2026
$159,000
Initial Listing
Sold
May 6, 2024
$60,000
Public Record
Sold
Nov 16, 2018
$174,500
Public Record
Sold
Jan 4, 2016
$101,500
Public Record
Sold
Jun 5, 2012
$54,000
Public Record