285 Mclane Cir Corning, CA 96021
Estimated payment $2,639/month
Highlights
- City Lights View
- Double Pane Windows
- Laundry Room
- No HOA
- Cooling System Mounted To A Wall/Window
- Wood Siding
About This Home
Don’t miss this excellent investment opportunity! This maintained 4-plex is part of the McLane Circle community. Each spacious unit features 2 bedrooms and 1 bathroom with an open-concept kitchen and living area. Tenants enjoy convenient off-street parking, a shared laundry area with coin-operated washer and dryer, and a quiet neighborhood setting close to local amenities. McLane Circle consists of five total 4-plex buildings, with three currently owned by the same seller. All three 4-plexes are available for purchase! See listing #SN25253382 (205–211 & 219–241 McLane) for details on the additional 4-plexes. Don’t miss this outstanding opportunity to expand your investment portfolio!
Listing Agent
Teresa E Smith, Broker Brokerage Email: roamingriverrealty@gmail.com License #01500355 Listed on: 11/07/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 9,332 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Property Views
- City Lights
- Neighborhood
Home Design
- Quadruplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Flat Roof Shape
- Slab Foundation
- Wood Product Walls
- Fire Rated Drywall
- Wood Siding
Interior Spaces
- 3,072 Sq Ft Home
- 1-Story Property
- Electric Fireplace
- Double Pane Windows
- Laminate Flooring
- Free-Standing Range
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Parking Available
- Private Parking
- Driveway Up Slope From Street
- Paved Parking
- Parking Lot
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 3 / 16
- Assessor Parcel Number 073055006000
- $1,762 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- Water Sewer Expense $1,905
- Operating Expense $9,000
- Gross Income $43,308
- Net Operating Income $28,890
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $1,716 | $165,725 | $35,511 | $130,214 |
| 2023 | $1,683 | $159,291 | $34,133 | $125,158 |
| 2022 | $1,660 | $156,168 | $33,464 | $122,704 |
| 2021 | $1,598 | $153,107 | $32,808 | $120,299 |
| 2020 | $1,615 | $151,538 | $32,472 | $119,066 |
| 2019 | $1,549 | $148,568 | $31,836 | $116,732 |
| 2018 | $1,552 | $145,656 | $31,212 | $114,444 |
| 2017 | $1,541 | $142,800 | $30,600 | $112,200 |
| 2016 | $1,213 | $118,011 | $32,326 | $85,685 |
| 2015 | -- | $116,239 | $31,841 | $84,398 |
| 2014 | $1,185 | $113,963 | $31,218 | $82,745 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $475,000 | -- | $155 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $140,000 | Placer Title Company |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25253380
APN: 073-055-006-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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