
Patterson, CA 95363
Analysis of 720 N 2nd Street, Patterson, CA 95363 is currently available with a list price of $1,199,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Patterson Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1918, the property has been rebuilt from the ground up with all new systems including roof, plumbing, electrical, and mini-split HVAC. The interior features a brand-new modern kitchen with stainless steel appliances and five updated bathrooms, meeting the criteria for a recent high-end renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43364, living area = 2235.
Completely rebuilt from the ground up with new systems, owned solar, and fire sprinklers, offering minimal deferred maintenance and immediate operational readiness.
Purpose-designed for shared living with four private suites featuring kitchenettes, making it ideal for high-density rental models, assisted living, or senior housing.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43364, other record lot size in square feet = 43124. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The specialized floor plan tailored for institutional or shared living may limit the property's appeal to traditional single-family residential buyers.
The list price is significantly higher than the local median for standard residential homes in Patterson, requiring a buyer who can justify the cost through commercial income potential.
Exceptional opportunity to acquire a recently rebuilt, purpose-designed shared living property offering a variety of income-producing residential care and housing opportunities. Situated on a spacious 1-acre lot within an Opportunity Zone and offering room for future development, this turnkey property features 5 bedrooms and 5 bathrooms, including four private suites, each with its own bathroom, closet, and kitchenette. A fifth bedroom includes a private closet and convenient access to a shared bathroom. Rebuilt from the ground up with new roof, plumbing, electrical, HVAC systems, insulation, windows, fixtures, and finishes throughout, the property was thoughtfully designed to balance privacy, comfort, and operational efficiency. Common amenities include a spacious shared kitchen, living room, pantry, and laundry facilities. Additional features include fully owned solar panels, a fire sprinkler system, individual mini-split HVAC systems with separate thermostatic controls for each room, fully insulated interior walls for enhanced sound reduction, keypad entry, and abundant storage throughout. The flexible layout is ideally suited for assisted living, residential care, senior housing, sober living, recovery housing, transitional housing, group home operations, co-living arrangements, rent-by-the-room housing, short-term rentals, or an extended-stay lodging concept. The expansive 1-acre parcel provides ample parking, outdoor recreation space, gardening opportunities, and significant expansion potential, subject to local regulations. Whether you're an owner-operator, investor, or developer seeking a unique income-producing asset, this property offers exceptional versatility, modern construction, minimal deferred maintenance, and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 2,235 | 1,925 | 71% |
| Lot Size | 43,364 | 6,077 | 97% |
| Price | $1.20M | $467.1K | 98% |
| Price per sq ft | $536 | $246 | 98% |
| Built year | 1918 | 1990 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 213 | 2% |
May 28, 2026
$1,199,000
Initial Listing
Aug 21, 2023
$350,000
Public Record
May 4, 2001
$200,000
Public Record