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1638 Parker Ave
Tracy, CA 95376
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Strong Upside
- Well Maintained Property- Original Owners
- 8 Total Units Mixed Use
Executive Summary
This exceptional 8-unit income property including a commercial building offers a rare opportunity to acquire a pride-of-ownership asset from the original owners. The property has been meticulously maintained over decades, reflecting careful stewardship and long-term stability.
The residential component consists of seven units with a desirable and diverse unit mix. The property includes a 3-bedroom, 2-bath single-family residence of approximately 1,500 square feet, featuring a kitchen, dining room, living room, small storage room, and an oversized two-car garage, providing flexibility for owner occupancy or premium rental income.
Additionally, there are two duplex buildings totaling four units, each 2-bedroom, 1-bath and approximately 1,200 square feet, complete with kitchens, living rooms, dining areas, washer/dryer hookups, and one carport parking space with a private storage area per unit. These spacious layouts contribute to strong tenant retention.
Rounding out the unit mix are two 1-bedroom, 1-bath units with open-concept kitchens, living areas, and dedicated laundry space—highly attractive to today’s rental market.
All residential units are occupied by long-term tenants with below-market rents, presenting a compelling value-add opportunity through annual rent increases permitted under California state law, allowing investors to enhance cash flow while maintaining tenant continuity.
In addition to the residential units, the property includes a separately situated, commercially zoned building currently leased as a hair salon, providing diversified income and further strengthening the investment profile.
This is a rare opportunity to acquire a well-maintained mixed-use asset with stable income, upside potential, and clear pride of ownership throughout.
The residential component consists of seven units with a desirable and diverse unit mix. The property includes a 3-bedroom, 2-bath single-family residence of approximately 1,500 square feet, featuring a kitchen, dining room, living room, small storage room, and an oversized two-car garage, providing flexibility for owner occupancy or premium rental income.
Additionally, there are two duplex buildings totaling four units, each 2-bedroom, 1-bath and approximately 1,200 square feet, complete with kitchens, living rooms, dining areas, washer/dryer hookups, and one carport parking space with a private storage area per unit. These spacious layouts contribute to strong tenant retention.
Rounding out the unit mix are two 1-bedroom, 1-bath units with open-concept kitchens, living areas, and dedicated laundry space—highly attractive to today’s rental market.
All residential units are occupied by long-term tenants with below-market rents, presenting a compelling value-add opportunity through annual rent increases permitted under California state law, allowing investors to enhance cash flow while maintaining tenant continuity.
In addition to the residential units, the property includes a separately situated, commercially zoned building currently leased as a hair salon, providing diversified income and further strengthening the investment profile.
This is a rare opportunity to acquire a well-maintained mixed-use asset with stable income, upside potential, and clear pride of ownership throughout.
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
Site Amenities
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,719 | 1,500 |
| 2+1 | 1 | $1,333 | 1,200 |
| 2+1 | 1 | $1,363 | 1,200 |
| 2+1 | 1 | $8,803 | 1,200 |
| 2+1 | 1 | $1,333 | 1,200 |
| 1+1 | 1 | $1,067 | 600 |
| 1+1 | 1 | $889.00 | 600 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $257,653 | |
| Land Assessment | $39,516 | Total Assessment | $297,169 |
Property Taxes
Parcel Numbers
Land Assessment
$39,516
Improvements Assessment
$257,653
Total Assessment
$297,169
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