314 Lilly St
Madera, CA 93638
- 9 Beds
- 6 Baths
- 3,375 sqft (on 0.39 acres)
9 Beds
6 Baths
3,375 sqft
(on 0.39 acres)
Local Information
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Description
Turn-key investment opportunity! Existing structure is a triplex, which offers 3 separate units each featuring 3 bedrooms, 2 bathrooms, and approximately 1,125 sqft, all on a 17,000 sqft lot. The structure was built and nearly finished in 2007 at which time there was a fire, which caused damage to the back two units. Sale includes the building plans for the remodel, which have been approved by the City of Madera and permits have been issued. Section 8 vouchers for 3 bedroom apartments are currently approaching $2,000 a month, with comparable rental properties renting for similar pricing. This is a rare value-add opportunity for an investor and/or developer looking to build equity and generate substantial cash flow through the completion of the existing triplex and the potential development of an ADU. Seller will consider selling neighboring vacant lot as well at an additional cost.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 08, 2023
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 314 Lilly St
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Beds & Baths Number of Bedrooms: 9Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 3375 Square Feet |
Appliances & Utilities Utilities: Public Utilities |
Heating & Cooling Heating: NoneNo CoolingAir Conditioning: NoneNo Heating |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: CompositionFoundation: Concrete Perimeter |
Parking & Garage No Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, Triplex |
Building Construction Materials: Stucco |
Property Information Parcel Number: 008051037000 |
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Price List Price: $380,000 |
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MLS Status: Sold |
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Direction & Address City: Madera |
School Information High School District: Madera Unified |
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Building Area Building Area: 3375 Square Feet |
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Association for this Listing: Fresno MLS |
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Lot Area: 0.39 acres |
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Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended. |
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Listing Agreement Type: Exclusive Right To Sell |
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Expense Tenant Pays: None |
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Mls Number: 601771 |
Last check for updates: about 21 hours ago
Listed by Paul C. Tatarian DRE #02004998, (559) 260-1763
The Apex Broker, Inc
Bought with: Alexander E. Salazar DRE #01723956, (559) 232-5668, RE/MAX Gold
Originating MLS: Fresno MLS
Source: Fresno MLS, MLS#601771
Price History for 314 Lilly St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/08/2023 | $380,000 | Sold | Fresno MLS #601771 |
| 06/12/2023 | $350,000 | PriceChange | Fresno MLS #594405 |
| 05/24/2023 | $375,000 | PriceChange | Fresno MLS #594405 |
| 05/15/2023 | $440,000 | Listed For Sale | Fresno MLS #594405 |
| 05/13/2023 | ListingRemoved | Fresno MLS #592078 | |
| 05/08/2023 | $440,000 | PriceChange | Fresno MLS #592078 |
| 04/25/2023 | $455,000 | PriceChange | Fresno MLS #592078 |
| 04/05/2023 | $475,000 | PriceChange | Fresno MLS #592078 |
| 03/23/2023 | $499,000 | Listed For Sale | Fresno MLS #592078 |
Comparable Sales for 314 Lilly St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | $390,000 | 04/10/26 | 8 | 4 | 2,008 | |
0.67 | Multi-Family Home | $370,000 | 01/23/26 | 4 | 3 | 1,632 | |
0.19 | Multi-Family Home | $295,000 | 05/20/26 | 2 | 2 | 1,365 | |
0.54 | Multi-Family Home | $370,000 | 01/23/26 | 2 | 3 | 1,632 | |
0.92 | Multi-Family Home | $422,000 | 08/13/25 | 4 | 4 | 2,298 | |
0.24 | Multi-Family Home | $2,105,000 | 03/26/26 | 1 | 2 | 11,440 | |
1.03 | Multi-Family Home | $357,000 | 12/23/25 | 4 | 2 | 1,950 | |
1.57 | Multi-Family Home | $565,000 | 07/28/25 | 8 | 4 | 2,952 | |
1.21 | Multi-Family Home | $420,000 | 09/29/25 | 4 | 2 | 1,998 | |
0.84 | Multi-Family Home | $225,000 | 03/03/26 | 3 | 2 | 1,203 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 314 Lilly St.
What Locals Say about Madera
At least 389 Trulia users voted on each feature.
86 % Say yards are well-kept
80 % Say car is needed
79 % Say parking is easy
72 % Say there's holiday spirit
71 % Say it's dog friendly
69 % Say there are sidewalks
68 % Say kids play outside
60 % Say it's quiet
60 % Say they plan to stay for at least 5 years
54 % Say people would walk alone at night
52 % Say streets are well-lit
49 % Say neighbors are friendly
49 % Say it's walkable to grocery stores
39 % Say it's walkable to restaurants
29 % Say there's wildlife
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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314 Lilly St, Madera, CA 93638 is a 9 bedroom, 6 bathroom, 3,375 sqft multi-family. This property is not currently available for sale. 314 Lilly St was last sold on Sep 8, 2023 for $380,000 (0% higher than the asking price of $380,000). The current Trulia Estimate for 314 Lilly St is $560,100.