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.

Property details

Year built

1946

Property type

Residential Income

Lot size

29,185 sqft

Location

3836 El Camino Ave • Ceres, CA 95307

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Listed by

Yusuf Nafey · Excel Realty

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Residential Income - 3836 El Camino Ave, Ceres, CA