1548 Canal Farm Ln | Los Banos, CA 93635
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1548 Canal Farm Ln
Los Banos, CA 93635
Canal Garden Flats · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- Rare 50+ Unit Opportunity | Easy Access to Silicon Valley Jobs Provides an Increasingly Robust Tenant Base
- Renovated in 2019 | Over $1,000,000 Completed and Planned Capital Expenditures including Roof Replacement, Brand New HVAC and Complete Unit Renovation
- Ideally Located to Benefit from Accelerated Suburban Growth
- Fully Occupied | Providing Investors an Opportunity to Enhance Yield in Near-Term with a Slight Rental Increases and Implementation of RUBS Program
- Tenants Enjoy Private Patios and Balconies, Covered Parking Area, and Access to Community Swimming Pool
PROPERTY FACTS
| No. Units | 56 | Building Size | 39,800 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1952/2019 |
| Building Class | B | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 2.64 AC | ||
| Zoning | R-3 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.64 AC |
| Building Size | 39,800 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2019 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Granite Countertops
- High Speed Internet Access
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Pool
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 56 | $1,398 | - |
PROPERTY TAXES
| Parcel Number | 428-121-009 | Improvements Assessment | $5,677,790 |
| Land Assessment | $675,943 | Total Assessment | $6,353,733 |
PROPERTY TAXES
Parcel Number
428-121-009
Land Assessment
$675,943
Improvements Assessment
$5,677,790
Total Assessment
$6,353,733
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