205 Mclane Corning, CA $ 1,400,000
205 Mclane
$ 1,400,000
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205 Mclane

Corning, CA, 96021
$ 1,400,000
Baths1.0 Sq 10,308

Monthly Estimate*

$ 8,840

Listed by Teresa E Smith, Broker
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Studio

Multi-Family Home for sale in Corning, CA

for $1,400,000 with 1 full bath. This 10,308 square foot home was built in 1965 on a lot size of 0.6118.

Excellent investment opportunity! This package includes three 4-plex buildings (12 units total) within the five-building McLane Circle community. The sale encompasses Units 205–211, 219–241, and 285–299 McLane Circle. Each spacious unit across all three properties features 2 bedrooms and 1 bathroom with an open-concept kitchen and living area. Units 205–211 and 219–241 include attached covered parking and individual in-unit laundry hookups for a washer and dryer. Units 285–299 offer convenient on-site coin-operated laundry facilities. Tenants enjoy off-street parking and a quiet neighborhood setting close to local amenities. Don’t miss this outstanding opportunity to expand your investment portfolio!

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.6118

Year Built

1965

Town/City

Corning

County/Region

Tehama

MLS | Web ID

SN26158268

Days on Market

8

Features
General
Sewer Public Sewer
Heating Natural Gas Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Appliances Electric Range
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Drywall Stone Stucco Wood Siding
Year Built 1965
Tenant Pays Electricity
View Neighborhood
Stories Count 1
Levels One
Property Subtype Quadruplex
Tax Year 2025
Gross Income 122578
Community Features Rural
Additional Parcels Description 073-055-002-000 073-055-006-000
County Tehama
Net Operating Income 48004
Operating Expense 74574
Insurance Expense 27000
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North on Marguerite from Solano to McLane Ave.
City Corning
Entry Location 1
Senior Community Y/N false
Number Of Units Total 12
Lot Size Units Square Feet
Lot Size Square Feet 26649
Number of Units Leased 12
Listing Terms 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Turnkey
Trash Expense 0
Water Sewer Expense 5904
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 3
Total Actual Rent 10625
Property Sub Type Additional Quadruplex
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Interior
Interior Amenities Ceiling Fan(s) Open Floorplan All Bedrooms Down
Flooring Carpet Laminate Stone Vinyl
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area See Remarks
Entry Level 1
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Exterior
Fencing None
Lot Features Cul-De-Sac Front Yard Landscaped Yard
Water Source Public
Total Parking 0
Lot Size Area 26649
Foundation Details Raised
Number of Buildings 3
Spa false
Building Area Total 10308
Lot Size Acres 0.6118
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
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* Excluded Features
List By
Teresa E Smith, Broker

Broker

roamingriverrealty@gmail.com

Email

Affordability Calculator

$8,840
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,840
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/21/2026$1,400,000 Listed Price

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205 Mclane, Corning, CA, 96021 is a Multi-Family Home for sale at $1,400,000 with 10,308 sqft and a lot size of 0.6118. 205 Mclane is a studio with 1.0 baths and was built in 1965. The property's zip code is 96021 which is in Corning, CA