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Bruce Kang, Broker
3836 El Camino Ave, Ceres, CA 95307
- $2,200,000
- List Price
- $2,200,000
- Status
- ACTIVE
- Days on Market
- 19
- MLS#
- 41148848
- Subtype
- Residential Income
- Year Built
- 1946
- Lot Size
- 29,185
- Acres
- 0.67
- Subdivision
- Other
- Neighborhood
- Other
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.
Additional Information
- Appliances
- Electric Water Heater
- Heating
- Baseboard
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Roof
- Shingle
Listing courtesy of Listing Agent: Yusuf Nafey (soldbyyusuf@gmail.com) from Listing Office: Excel Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.