631-637 I St - Apartments FOR SALE


Los Banos, CA 93635
$1,450,000 USD
510-725-4775
631-637 I St, Los Banos, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/22
null | 6.04% Cap Rate

631-637 I St
Los Banos, CA 93635


HIGHLIGHTS

  • Eleven Total Units Comprised of Seven 1bd/1bth Units Two 2bd/1bth Units, and Two Commercial Units
  • Strong Upside Potential and Multiple Value-add Components, Including Two Approved ADU Plans, and a Vacant Commercial Unit To Increase Cash Flow
  • Amenities Include Fully Updated and Remodeled Kitchens and Bathrooms, New Flooring, Electrical Upgrades, HVAC Repairs, New Doors and Windows
  • Seller Financing Available!

OVERVIEW

The Pinza Group is pleased to present 631-633 I St in downtown Los Banos, a renovated mixed use property with 11 units (7 1bd/1bth, 2 2bd/1bth, and 2 commercial). Updates include new kitchens, remodeled bathrooms, flooring, electrical systems, doors, and windows. The property also features HVAC repairs, security enhancements, and outdoor improvements like resurfaced asphalt and a secure backyard. Conveniently located near Highway 152, shops, and parks, it offers a comfortable living space with modern amenities in a quiet, small-town setting. Tenants currently cover their own gas and electric expenses, reducing operating costs for potential future owners. The only cost the owner needs to cover is water and trash removal. It has a vacant commercial unit that offers strong value-added opportunity and approved ADU plans for two additional units and room for rent to increase cash flow.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

11

PRICE/UNIT

$131,818

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated & Seller Carry Loan Available

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

025-231-018

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.