4701 Magnolia Street, Salida, CA 95368, Salida, 95368 - 3 bed, 2 bath
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Salida, CA 95368
This Unique Multi-Unit Residential Property is a High-Potential Investment Opportunity, listed at $424,999—positioned well below the $447,105 Fair Market Value by 4%. This valuation gap offers $22,106 in Instant Equity for the buyer. Boasting a Good Condition Rating, the estate features a detached secondary unit for rental income and a recently resurfaced swimming pool. With significant electrical upgrades and fresh paint, this versatile asset balances character with modern utility. It is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4701 Magnolia Street Subject | $424,999* List Price | 3 | 2 | 1,332 | $336 | - |
A 5101 Vigna Way Sold | $444,900 | 3 | 2 | 1,238 | $359 | 1.0 mi |
B 4731 Rollingwood Drive Sold | $465,000 | 3 | 2 | 1,351 | $344 | 0.4 mi |
C 5121 Durley Sold | $471,000 | 3 | 2 | 1,449 | $325 | 0.7 mi |
D Nan Lane Sold | $440,000 List Price | 3 | 2 | 1,398 | 0.6 mi | |
E 4408 Malta Court Sold | $430,000 | 3 | 2 | 1,095 | $393 | 0.3 mi |
F 4900 Wild Rose Drive Sold | $455,000 | 3 | 2 | 1,359 | $335 | 0.2 mi |
G 5113 Parks Avenue Pending | $449,900 List Price | 3 | 2 | 1,247 | $361 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant updates. Both the main house and the detached unit feature updated kitchens with modern shaker-style cabinetry and stainless steel appliances. The interior includes updated wood-look flooring throughout and functional, updated bathrooms. Major system improvements, such as the new electrical panels and the recently resurfaced swimming pool, along with fresh exterior paint, align this 1935 home with the 'Good' condition category.
The property features a detached 468 sqft secondary unit with its own kitchen and bathroom, providing an excellent opportunity for rental income or multi-generational living.
Recent major electrical improvements, including a brand new main panel and subpanel, along with fresh exterior paint, offer increased safety and reduced immediate maintenance costs.
The inclusion of a recently resurfaced swimming pool in a private backyard adds significant lifestyle value and appeal for summer entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1332, other record living area = 468. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
Built in 1935, the home may present challenges associated with older construction, such as dated plumbing or insulation, despite the recent electrical and cosmetic updates.
The main residence is relatively small at 864 square feet, which may feel restrictive for families or buyers requiring more spacious common areas.
Welcome to 4701 Magnolia Street in Salida! A truly unique and versatile property offering exceptional value and flexibility. The main home features 2 bedrooms and 1 bathroom across 864 square feet, providing a cozy and functional living space. Complementing the primary residence is a detached secondary unit measuring approximately 468 square feet, complete with 1 bedroom, 1 bathroom, and an updated kitchen. Perfect for extended family, guests, or rental income. This property has been thoughtfully improved with fresh exterior paint, while major electrical upgrades including a brand new main panel and subpanel offer peace of mind for years to come. Step outside and enjoy your private backyard oasis, where a recently resurfaced swimming pool is ready for summer gatherings, relaxation, and making the most of warm weather days. Whether you're looking for a multi-generational living setup, an investment opportunity, or a home with added flexibility, this one-of-a-kind property is calling your name
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,332 | 1,575 | 25% |
| Lot Size | 5,201 | 5,998 | 18% |
| Price | $425.0K | $484.8K | 23% |
| Price per sq ft | $319 | $307 | 53% |
| Built year | 1935 | 1995 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 194 | 3% |
Apr 3, 2026
$424,999
Initial Listing
Jan 24, 2023
$330,000
Public Record
Mar 16, 2009
$57,000
Public Record
Jun 26, 2006
$320,000
Public Record