3836 El Camino AveCeres, CA 95307
Other · Stanislaus County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1946
- Living area
- 6,000 Sq Ft
- Lot size
- 0.67 acres
- Days on market
- 36
- MLS® Listing#
- 41148848
Property Features
- Appliances
- Range · Free-Standing Range · Refrigerator · Electric Water Heater
- Cooling
- Ceiling Fan(s) · Wall/Window Unit(s)
- Heating
- Baseboard
- Flooring
- Tile
- Basement
- None
- Parking
- Parking Lot
- Lot features
- Other
- Construction
- Shingle Siding · Stucco
- Roof
- Shingle
- Security
- Security Fence · Security Gate
- Sewer
- Septic Tank
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 053013008000
Listing Courtesy: Excel Realty - 925-876-1161
Presented by: Yusuf Nafey
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