721 MCCOY CT, Lodi, CA 95240, Lodi, 95240 - bed, bath
ACTIVE$1,800,000/sqft
721 MCCOY CT, Lodi, CA 95240
0Bed
0Bath
Sqft
17,860Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Income Potential: The property consists of two adjacent fourplexes, totaling eight units, offering substantial rental income opportunities for an investor.
Top Cons:
Complex Legal Status: The property was built and mapped as condos but the association was never established, which could lead to legal and operational ambiguities regarding ownership structure, common area maintenance, and future financing or sale.
Compared to the nearby listings
Price:$1.80M vs avg $685.0K (+$1,115,000)67%
Size: sqft vs avg 1,920 sqft33%
Price/sqft:$0 vs avg $16133%
More Insights
Built in 1985 (41 years old).
Condition: Built in 1985, the property is nearly 40 years old. The exterior appears maintained but dated, consistent with its age. Without interior images or descriptions, it's assumed that kitchens, bathrooms, and other interior components are original or have older renovations, showing signs of being outdated. Major systems are likely nearing the end of their useful life, as noted in the property analysis, suggesting future capital expenditures. The property is functional but requires minor updates to modernize and address aging systems.
Year Built
1985
Close
-
List price
$1.8M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41115896
Home ConditionFair
Features
View-
About this home
TWO ADJACENT FOURPLEXES ON CUL DE SAC STREET ADJACENT TO 100 UNIT WINCHESTER OAKS CONDO PROJECT SUBJECT WAS BUILT AND MAPPED AS CONDOS BUT ASSOCIATION NEVER ESTABLISHED. ALL UNITS ARE SIMILAR WITH SPACIOUS TWO BEDROOMS AND TWO BATHS, WASHER/DRYER HOOKUPS, TWO CARPORTS, 1129 SF.
T
Ted W Dang
Listing Agent
Price History
Date
Event
Price
05/02/01
Sold
$539,000
09/30/16
Sold
$950,000
09/20/06
Sold
$967,500
Condition Rating
Fair
Built in 1985, the property is nearly 40 years old. The exterior appears maintained but dated, consistent with its age. Without interior images or descriptions, it's assumed that kitchens, bathrooms, and other interior components are original or have older renovations, showing signs of being outdated. Major systems are likely nearing the end of their useful life, as noted in the property analysis, suggesting future capital expenditures. The property is functional but requires minor updates to modernize and address aging systems.
Pros & Cons
Pros
Significant Income Potential: The property consists of two adjacent fourplexes, totaling eight units, offering substantial rental income opportunities for an investor.
Desirable Location: Situated on a cul-de-sac street, the property benefits from reduced traffic and increased privacy, and is adjacent to a 100-unit condo project, suggesting a stable residential area.
Spacious & Well-Equipped Units: All units are spacious at 1129 sq ft, featuring two bedrooms, two bathrooms, in-unit washer/dryer hookups, and two dedicated carports, enhancing tenant appeal and retention.
No Association Fees: The absence of an established association means there are no HOA fees, which significantly reduces the operating costs for the owner and makes the units more attractive to potential tenants.
Generous Lot Size: With a lot size of 17,860 sq ft, the property offers ample space, potentially allowing for outdoor amenities or future development flexibility, subject to zoning.
Cons
Complex Legal Status: The property was built and mapped as condos but the association was never established, which could lead to legal and operational ambiguities regarding ownership structure, common area maintenance, and future financing or sale.
Property Age: Built in 1985, the property is nearly 40 years old, indicating that major systems such as HVAC, plumbing, electrical, and roofing may be original or nearing the end of their useful life, potentially requiring significant capital expenditures soon.
Lack of Detailed Unit Condition: The description lacks specific information regarding the current interior condition of the units, recent renovations, or tenant occupancy status, which are critical details for an income property assessment and investor due diligence.