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+19254861099
Kayla Rae The Realtor, inc
3836 El Camino Ave, Ceres, CA 95307
- $2,150,000
- 6,000
- SqFt
- List Price
- $2,150,000
- Status
- ACTIVE
- MLS#
- 41148848
- Price Change
- ▼ $50,000 1792375767
- Year Built
- 1946
- Property Type
- 5 Or More Units
- Living Area
- 6,000
- Lot Size
- 29,185
- Acres
- 0.67
- County
- Stanislaus
- Subdivision
- Other
Property Description
Rare 12-unit + RV occupant multifamily investment opportunity in Ceres. 10/11 units currently leased residentially, 1 unit rented as on-site storage (Unit 2), and 1 RV occupant paying monthly rent (Unit 12) — all across 7 buildings on one parcel. Residential unit mix includes eight 2BD/1BA units, two studios, and one 1BD. Unit 2 has plans ready for submission to build out a full 2-bedroom unit, adding significant new rental income. Current gross scheduled rent of approximately $221,400/year, with additional income from garbage reimbursements. Rent increases eligible on Units 7 and 11. Tenants pay their own electric on separate meters, reimburse $30/month for garbage, and split the water bill proportionally. Owner has invested $500,000+ in capital improvements, including full roof replacements across all buildings and extensive interior renovations across nearly all units. Priced for a value-add investor or 1031 exchange buyer. Financials, rent roll, and disclosure package available to qualified buyers.
Additional Information
- Appliances
- Free-Standing Range, Refrigerator
- Exterior
- Composition Shingles, Stucco
- Flooring
- Tile
- Laundry Features
- No Hookups
- Lot Description
- Other
- Parking Features
- Parking Lot
- Roof
- Composition Shingles
- Water Sewer
- Public
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Listing courtesy of Yusuf Nafey from Excel Realty. 925-876-1161
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