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Listed by Jay Flores • The Pinza Group, Inc
$ 1,450,000
Est. payment | /mo
5,230 SqFt
$ 1,450,000
Est. payment | /mo
5,230 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,230 sqft
Price per Sqft $277
MLS Listing ID 41118956
HOA Y/N No
Year Built 1939
Lot Size 7,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
The Pinza Group is pleased to present 631-633 I St in downtown Los Banos, a renovated multi-unit 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.
Location
State CA
County Merced
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227