20041 Carol Dr Hilmar, CA 95324
Hilmar-Irwin NeighborhoodEstimated payment $6,572/month
Highlights
- 0.43 Acre Lot
- Cul-De-Sac
- Coin Laundry
- No HOA
- Central Heating and Cooling System
- 4-minute walk to Community Pool Park
About This Home
very clean and well maintained 7-unit multifamily investment opportunity in Hilmar, CA. Sale offering includes a two story fourplex and one story triplex each on separate parcels, covered parking, and six on site storage units for added income potential. Situated on a total combined 18,748 SF across two legal parcels and two separate buildings, the property offers a desirable unit mix of four 2-bedroom/1.5-bath units and three 2-bedroom/1-bath units with private backyards. The investment presents pride of ownership curb appeal, with clean landscaping, quality roofs, and solid bones throughout. Each unit is equipped with central heating and air, adding to tenant comfort and appeal. Property has been kept in great working order, offering a new investor a turnkey asset with minimal maintenance to worry about heading into ownership. Currently generating $108,468 in annual income with room to grow to a proforma total of $136,068, this property presents an attractive value add opportunity for investors. At the proforma level, the property delivers a strong 8.16% cap rate, with rents still below market and clear upside as units turn over. Ideally located in the desirable small town of Hilmar near local schools, retail, and dining, this is a rare opportunity to acquire a well maintained multifamily asset with immediate cash flow and excellent long term upside.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 18,731 Sq Ft Lot
- Cul-De-Sac
Home Design
- Slab Foundation
Interior Spaces
- 6,444 Sq Ft Home
- 2-Story Property
- Carpet
- Carbon Monoxide Detectors
Parking
- 7 Parking Spaces
- Covered Parking
Utilities
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- Assessor Parcel Number 015-130-003-000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Additional Features
- Coin Laundry
- 7 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,416 | $125,671 | $9,767 | $115,904 |
| 2024 | $1,394 | $123,230 | $9,576 | $113,654 |
| 2023 | $1,357 | $120,838 | $9,389 | $111,449 |
| 2022 | $1,339 | $118,492 | $9,205 | $109,287 |
| 2021 | $1,317 | $116,192 | $9,025 | $107,167 |
| 2020 | $1,311 | $115,013 | $8,933 | $106,080 |
| 2019 | $1,300 | $112,781 | $8,758 | $104,023 |
| 2018 | $1,196 | $110,593 | $8,587 | $102,006 |
| 2017 | $1,171 | $108,448 | $8,419 | $100,029 |
| 2016 | $1,149 | $106,345 | $8,254 | $98,091 |
| 2015 | $1,136 | $104,766 | $8,131 | $96,635 |
| 2014 | $1,110 | $102,737 | $7,972 | $94,765 |
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 |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | For Sale | $1,195,000 | -- | $185 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $580,000 | None Listed On Document |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $210,000 | Commercial |
Source: MetroList
MLS Number: 226087951
APN: 015-130-003
- 8121 Acacia St
- 0 1st St Unit 224093393
- 0 1st St Unit 224093409
- 19864 1st St
- 19667 American Ave Unit 42
- 19906 Geer Ave
- 19960 American Ave
- 19960 American Ave Unit 51
- 19960 American Ave Unit 57
- 20093 Tiffany Ct
- 0 Apn: 015-090-012-000 Unit 225130276
- 10401 Golf Link Rd
- 20170 River Rd
- 16973 Yvonne Dr
- 209 E Clausen Rd
- 119 E Clausen Rd
- 9667 Douglas Ave
- 16480 Darlington St
- 16834 Letteau Ave
- 9873 Ferrel Ct
- 8139 Winfield Dr
- 20058 3rd St
- 19526 Dover Dr
- 16664 Sheffield St
- 9532 Hinton Ave
- 15901 Stephens St
- 1135 Amberwood Ln
- 20096 Enid St
- 585 South Ave
- 217 Angelus St Unit 3
- 418 Locust St
- 930 S Rose St
- 1201 E Marshall St Unit 1
- 657 Chestnut St
- 512 N Palm St
- 920 N Olive Ave
- 935 Kenwood Ave Unit 7
- 303 Wayside Dr
- 152 20th Century Blvd
- 1382 Estates Dr
Ask me questions while you tour the home.