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1873 Grove Ave 7 Unit Apartment Building $995,000 ($142,143/Unit) 5.59% Cap Rate Atwater, CA 95301
Executive Summary
1873 Grove Ave, Atwater, CA 95301—a 7-unit multifamily asset built in 1979, totaling 4,642 SF on a 14,496 SF R-16-zoned parcel (APN 002-151-017-000). The unit mix comprises three 2BR/1BA and four 1BR/1BA units. Offered at $995,000 ($214/SF, $142,143/unit), representing an accessible entry point into Central Valley multifamily investment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $142,143 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,642 SF |
| Cap Rate | 5.59% | Average Occupancy | 95% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-1, Atwater | ||
| Price | $995,000 |
| Price Per Unit | $142,143 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,642 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R-1, Atwater |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,088 | 500 - 650 |
| 2+1 | 3 | $935.00 | 800 - 850 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 002-151-017 | Improvements Assessment | $692,244 (2026) |
| Land Assessment | $93,846 (2026) | Total Assessment | $786,090 (2026) |
Property Taxes
Parcel Number
002-151-017
Land Assessment
$93,846 (2026)
Improvements Assessment
$692,244 (2026)
Total Assessment
$786,090 (2026)
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1873 Grove Ave