3836 El Camino Ave, Ceres, CA 95307
- $2,200,000
Listed by Yusuf Nafey, (925) 876-1161 from Excel Realty
(If provided) CoList: from
- List Price
- $2,200,000
- MLS#
- BE41148848
- Status
- ACTIVE
- Lot Size
- 29,185
- Listing Area
- Other Area
- Year Built
- 1946
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
- Acres
- 0.67
- Amenities
- None
- Cooling System
- Window / Wall Unit, Ceiling Fan
- Exterior Features
- Composition Shingles, Stucco
- Floor Covering
- Tile
- Garage Parking
- Parking Area
- Heating System
- Baseboard
- Lot Description
- Other
- Lot Size
- 29,185
- Neighborhood
- Other Area
- Numberof Units
- 12
- Roof
- Composition
- Unincorporated Yn
- Yes
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