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Listed by Vicky Oberoi • Asset Real Estate, DRE#02025083
$1,395,000
Est. payment /mo
5,230 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,230 sqft
Price per Sqft $266
MLS Listing ID ML82043163
Year Built 1939
Lot Size 7,500 Sqft
Property Sub-Type Five or More Units
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 a 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
Area Los Banos
Zoning C-1
Interior
Heating Forced Air
Cooling Window / Wall Unit
Exterior
Parking Features Parking Area
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Masonry Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 025-231-018-000
Security Features Controlled / Secured Access
Special Listing Condition Not Applicable
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