720 N 2nd St - Residential Income FOR SALE


Patterson, CA 95363
$1,099,000 USD
209-892-6111
720 N 2nd St, Patterson, CA for Sale
$1,099,000 USD
Residential Income - FOR SALE
1/64
null | Request Cap Rate

720 N 2nd St
Patterson, CA 95363


HIGHLIGHTS

  • Ideal for Assisted Living, Hospice & Memory Care
  • Turnkey Investment Opportunity
  • Purpose-Built Residential Care Facility
  • Completely Rebuilt & Modernized
  • Potential Value-Add Opportunity

OVERVIEW

Exceptional opportunity to acquire a recently rebuilt, purpose-designed shared living property offering a variety of income-producing residential care and housing opportunities. Situated on a spacious 1-acre lot within an Opportunity Zone and offering room for future development, this turnkey property features 5 bedrooms and 5 bathrooms, including four private suites, each with its own bathroom, closet, and kitchenette. A fifth bedroom includes a private closet and convenient access to a shared bathroom. Rebuilt from the ground up with new roof, plumbing, electrical, HVAC systems, insulation, windows, fixtures, and finishes throughout, the property was thoughtfully designed to balance privacy, comfort, and operational efficiency. Common amenities include a spacious shared kitchen, living room, pantry, and laundry facilities. Additional features include fully owned solar panels, a fire sprinkler system, individual mini-split HVAC systems with separate thermostatic controls for each room, fully insulated interior walls for enhanced sound reduction, keypad entry, and abundant storage throughout. The flexible layout is ideally suited for assisted living, residential care, senior housing, sober living, recovery housing, transitional housing, group home operations, co -living arrangements, rent-by-the-room housing, short-term rentals, or an extended-stay lodging concept. The expansive 1-acre parcel provides ample parking, outdoor recreation space, gardening opportunities, and significant expansion potential, subject to local regulations. Whether you're an owner-operator, investor, or developer seeking a unique income-producing asset, this property offers exceptional versatility, modern construction, minimal deferred maintenance, and long-term upside.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$492 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GC

APN/PARCEL ID

047-23-12

ASK ABOUT THIS PROPERTY

Troy RossCentury 21 Select Real EstateMore Info
209-892-6111

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Troy RossCentury 21 Select Real EstateMore Info
209-892-6111

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