NOT LISTED FOR SALE
8 Beds
1 Bath
2,952 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: July 28, 2025

Last sale price $575,000 $195 Per Sq Ft

27 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 1-Story Property

About This Home

As of July 2025

Experience the perfect blend of investment potential and tenant appeal with this well-maintained multi-family property in the heart of Madera. Offering four thoughtfully designed units, each featuring two bedrooms and one bathroom, this income-generating asset is primed for long-term stability and financial growth. Private patios provide a welcoming outdoor retreat, while dedicated carport parking ensures convenience for residents. The on-site laundry facilities further enhance tenant satisfaction. One unit has been tastefully remodeled, adding value and increasing rent potential. This fourplex is FHA-eligible, making it an ideal opportunity for owner-occupants seeking to leverage low down payment financing while benefiting from rental income. The property meets FHA guidelines for multi-unit residences and offers a promising avenue for both first-time buyers and seasoned investors alike. Located near Madera High School, shopping centers, and essential amenities, this property enjoys strong rental demand and easy access to daily necessities. With reliable rental income, attractive financing options, and room for future appreciation, this investment opportunity is one to seize. Whether you're expanding your portfolio or searching for a property that combines homeownership with investment rewards, this four-unit complex delivers exceptional value in a thriving community.

Last Agent to Sell the Property

Gautam Atri

Universal Realty Services, Inc Brokerage Phone: 559-917-1113 License #02050505 Listed on: 05/06/2025

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 8 Bedrooms
  • 2,952 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 14 / 3
  • Assessor Parcel Number 012013015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Operating Expense $12,472
  • Gross Income $45,900
  • Net Operating Income $33,428

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 012013015
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 194.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 45900.00
  • Gross Scheduled Income: 45900.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 33428.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 12472.00
  • Rent Control: No
  • Total Expenses: 12472.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5.11
  • Tax Lot: 14

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
Jun 18, 2025
Sold by
Bought by
Seller's Agent
Gautam Atri
Universal Realty Services, Inc
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$640,000
Sold Price
$575,000
Premium/Discount to List
-$65,000
-10.16%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$296,857
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2022
Closed on
Jun 13, 2022
Sold by
Bought by
Seller's Agent
Jessica Ramirez
Vylla Home, Inc.
Buyer's Agent
Julie Ann Garcia-Gonzalez
M.C. Real Estate Corp
List Price
$520,000
Sold Price
$550,000
Premium/Discount to List
$30,000
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.44%

Purchase Details

Listed on
Sep 27, 2020
Closed on
Nov 20, 2020
Sold by
Bought by
Seller's Agent
Jessica Ramirez
Vylla Home, Inc.
Buyer's Agent
Jessica Ramirez
Vylla Home, Inc.
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.03%
Original Mortgage
$281,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2020
Closed on
Oct 30, 2020
Sold by
Bought by
Seller's Agent
Jessica Ramirez
Vylla Home, Inc.
Buyer's Agent
Jessica Ramirez
Vylla Home, Inc.
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.92%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Madera, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$565,000 Stewart Title Of California
$550,000 Chicago Title
-- Chicago Title
$375,000 Chicago Title
-- Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $1,260,000
Previous Owner $281,250
Previous Owner $104,000
Previous Owner $182,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2025 07/28/25 Sold $575,000 -10.2% $195 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
06/01/2025 06/01/25 For Sale $640,000 0.0% $217 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $640,000 +16.4% $217 / Sq Ft
06/21/2022 06/21/22 Sold $550,000 +3.8% $186 / Sq Ft View Prior Sale
06/04/2022 06/04/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $530,000 +1.9% $180 / Sq Ft
05/26/2022 05/26/22 For Sale $520,000 0.0% $176 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $520,000 0.0% $176 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $520,000 +38.7% $176 / Sq Ft
12/01/2020 12/01/20 Sold $375,000 0.0% $127 / Sq Ft View Prior Sale
09/30/2020 09/30/20 Pending -- -- --
09/27/2020 09/27/20 For Sale $375,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,702 $595,335 $64,945 $530,390
2025 $6,752 $583,663 $63,672 $519,991
2023 $6,752 $561,000 $61,200 $499,800
2022 $4,394 $382,500 $61,200 $321,300
2021 $4,312 $375,000 $60,000 $315,000
2020 $2,617 $220,371 $24,562 $195,809
2019 $2,598 $216,051 $24,081 $191,970
2018 $2,396 $211,815 $23,609 $188,206
2017 $2,368 $207,663 $23,147 $184,516
2016 $2,309 $203,593 $22,694 $180,899
2015 $2,278 $200,536 $22,354 $178,182
2014 $2,127 $196,609 $21,917 $174,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: FR25100516

California Regional Multiple Listing Service (CRMLS)

APN: 012-013-015

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