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3836 El Camino Ave Ceres, CA 95307
0.67 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41148848
HOA Y/N No
Year Built 1946
Lot Size 0.670 Acres
Property Description
Rare 13-unit multifamily investment opportunity in Ceres. 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 completed 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. Scheduled rent increases on Units 7 and 11 effective November 1, 2026. 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.
Location
State CA
County Stanislaus
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Electric Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 22
Others
Tax ID 053013008000
Listed by Yusuf Nafey Excel Realty #02121822