Closed

$762,000

1415 Eucalyptus Ave, Newman, CA 95360

12beds

3,964sqft

Quadruplex

Built in 2003

-- sqft lot

$841,700 Zestimate^®

$192/sqft

$1,564 Estimated rent

Home value

$841,700

$783,000 - $917,000

$1,564/mo

Zestimate^® history

Owner options

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$1,564/mo

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$1,564/mo

Rent Zestimate^®

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$4,870/mo

Est. payment

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$4,870/mo

Est. payment

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What's special

Opportunity Knocks on this one of a kind 4 Plex. It is hard to find Fourplexes build after 2000 with particularly with 4 3 bedroom units! Each units also has its own laundry hookups This property is located on 1.06 Acres, Zoned R-3 with the possibility to build up to an additional 26 Units (according to the former owner). The sewer line has already been installed to the rear of the property, water is installed to the halfway mark and the balance of the utilities are stubbed to the lot and ready to extend (according to the former owner. Buyer should independently verify all land use and utility information. Additionally, despite the very respectable current GRM of 11.96. There is still a huge upside potential in rents over time according to Rentometer Pro. See the Rentometer Analysis attachments. Possible sub 10 GRM when rents are fully optimized over time.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 8

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Free-Standing Electric Range
Laundry: In Unit

Features

Flooring: Carpet, Tile
Has fireplace: No

Interior area

Total structure area: 0
Total interior livable area: 3,964 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, Covered
Carport spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Exterior features: Yard Space

Lot

Size: 1.06 Acres
Features: Landscape Front
Topography: Level,Level

Details

Zoning: R3
Special conditions: Standard
Other equipment: Varies by Unit

Construction

Type & style

Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Quadruplex

Materials

Stucco, Frame
Foundation: Slab
Roof: Tile

Condition

Year built: 2003

Utilities & green energy

Electric: 220 Volts
Water: Public
Utilities for property: Electric, Sewer In & Connected

Community & HOA

Location

Region: Newman

Financial & listing details

Price per square foot: $192/sqft
Price range: $762K - $762K
Date on market: 5/4/2024
Tenant pays: See Remarks
Income includes: Rent Only

Price history

Date	Event	Price
5/31/2024	Sold	$762,000-4.2%$192/sqft
Source: MetroList Services of CA #224046996 Report a problem
5/15/2024	Pending sale	$795,000$201/sqft
Source: MetroList Services of CA #224046996 Report a problem
5/4/2024	Listed for sale	$795,000+38.3%$201/sqft
Source: MetroList Services of CA #224046996 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
9/28/2018	Sold	$575,000$145/sqft
Source: MetroList Services of CA #18017004 Report a problem
10/1/2013	Listing removed	$725
Source: Owner Report a problem
9/4/2013	Listed for rent	$725
Source: Owner Report a problem